Euro Zone Debt Crisis a Potential Hazard for Oil & Gas Companies
09 Maggio 2012 - 2:20PM
Marketwired
To kick off the week oil prices have dropped to their lowest levels
of the year as election results in Europe raised concerns for the
region's plan for economic recovery. France and Greece rejected
leaders who supported austerity measures to repair Europe's
struggling economy. Benchmark U.S. crude dropped as low as $95.34
per barrel this past Monday, the lowest price since Feb. 2. The
Paragon Report examines investing opportunities in the Oil &
Gas Industry and provides equity research on ATP Oil & Gas
Corporation (NASDAQ: ATPG) and Hyperdynamics Corporation (NYSE:
HDY).
Access to full reports can be found at:
www.ParagonReport.com/ATPG
www.ParagonReport.com/HDY
Oil & Gas companies, for the most part, have posted
respectable earnings in the most recent quarter. The higher crude
prices helped offset record low natural gas prices that have
resulted from high levels of production coming from shale
operations. The markets have not been kind to natural gas, but data
would seem to indicate the underperformance is more related to the
supply glut in the natural gas market. Demand for natural gas has
increased, but these increases have not been able to keep pace with
supply. The supply glut is primarily driven by a rapid rise in
drilling rig utilization, as well as technological improvements in
horizontal drilling & hydraulic fracturing techniques.
Paragon Report releases regular market updates on the Oil &
Gas Industry so investors can stay ahead of the crowd and make the
best investment decisions to maximize their returns. Take a few
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ATP Oil & Gas is an international offshore oil and gas
development and production company with operations in the Gulf of
Mexico, Mediterranean Sea and North Sea. ATP expects to issue a
press release announcing first quarter results before the market
opens on Thursday, May 10. The company has initiated drilling at
the Shimshon well in the Levant Basin of offshore Israel with the
Ensco 5006 drilling unit. The Shimshon well is in a water depth of
3,622 feet with a target depth of 14,764 feet.
Hyperdynamics is an emerging independent oil and gas exploration
and production company that is exploring for oil and gas offshore
the Republic of Guinea in West Africa. The company announced last
month that it has engaged BofA Merrill Lynch as financial advisor
to assist the Company in connection with a potential sale of a
portion of its 77% interest in the 25,000-square-kilometer oil and
gas exploration concession offshore Guinea in West Africa.
Paragon Report provides Market Research focused on equities that
offer growth opportunities, value, and strong potential return. We
strive to provide the most up-to-date market activities. We
constantly create research reports and newsletters for our members.
The Paragon Report has not been compensated by any of the
above-mentioned companies. We act as independent research portal
and are aware that all investment entails inherent risks. Please
view the full disclaimer at:
www.ParagonReport.com/disclaimer
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