SandRidge Energy and Cano Petroleum Benefit From New Opportunities in Domestic Oil and Gas Exploration
14 Dicembre 2011 - 2:16PM
Marketwired
In recent weeks, oil prices have moved alongside global stock
indexes with the economic stability of Europe again under intense
scrutiny. Oil prices are reflecting "concerns over a eurozone debt
crisis that may already be forcing a recession that could
significantly inhibit oil demand," independent oil trader and
analyst Jim Ritterbusch said in a research note. The Bedford Report
examines the outlook for companies in the Oil and Gas sector and
provides equity research on SandRidge Energy, Inc. (NYSE: SD) and
Cano Petroleum, Inc. (NYSE Amex: CFW). Access to the full company
reports can be found at:
www.bedfordreport.com/SD www.bedfordreport.com/CFW
The United States has made significant strides this year in
breaking its dependence on foreign oil. A recent article published
in The Hill's Congress Blog from Virginia "Gigi" Lazenby argues
that "America's on- and offshore oil and gas reserves have
presented a new opportunity for the United States' energy supply,
and alongside it, tens of thousands of jobs and millions of dollars
in revenues and economic activity."
According to Lazenby, America's independent oil producers are
benefitting from the "innovative combination" of horizontal
drilling and hydraulic fracturing, which has unlocked vast
quantities of oil and natural gas from shale deposits.
The Bedford Report releases investment research on the Oil and
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In Canada, oil producers are not only benefitting from the well
documented oil sands boom, but also from an improved shipping
environment. Canadian Pacific Railway (CPR) is expanding its
ability to move crude oil out of the Saskatchewan Bakken by rail,
as production in the formation continues to ramp up. CPR said the
move is part of an overall effort to move oil from the Bakken
fields in both the province and across the border in the United
States, where production increases have overtaken pipeline
capacity.
Canadian Pacific, the country's second-largest railroad, said
its shipments this year climbed to 13,000 carloads from 500 in
2009. It foresees 70,000 carloads at some point in the future.
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