Shares of Legend Oil & Gas and Royale Energy Skyrocket as Companies Look Strong in the Long-Run
25 Novembre 2011 - 2:16PM
Marketwired
Oil and gas explorers have turned to more profitable business
segments in recent quarters. With natural gas prices stagnating
this year, explorers have focused on the more lucrative oil and
liquids markets to keep profits strong. Natural gas prices could be
due for a turnaround in the near future, however, as demand is
expected to surge. The Paragon Report examines investing
opportunities in the Oil & Gas Sector and provides equity
research on Legend Oil and Gas Limited (OTCBB: LOGL) and Royale
Energy, Inc. (NASDAQ: ROYL). Access to the full company reports can
be found at:
www.paragonreport.com/LOGL
www.paragonreport.com/ROYL
The US Energy Information Administration (EIA) has observed
markedly higher levels of volatility in the pricing of WTI crude
since early August. This coincides with similar volatility in
global stock markets in the wake of the US and European debt
crises, and highlights the extent of the correlation that has
developed between financial and oil markets. The price of oil ended
last week lower than it began, despite a surge of trading that
temporarily pushed crude above $100 at midweek for the first time
since July.
Gas prices, meanwhile, have remained low for most of 2011. As a
result, several high profile oil and gas explorers are increasing
production of more lucrative oil and liquids as oil trades at its
highest level relative to gas. US oil production will reach 5.92
million barrels a day in 2012, up 4 percent from 2011 and the
highest amount since 1998, according to the US Energy Department.
Meanwhile Gas output is forecast to grow a mere two percent to
66.87 billion cubic feet a day in 2012, slower than the 6.1 percent
increase this year.
The Paragon Report provides investors with an excellent first
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consolidating the public information available on them. For more
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While in the doldrums at the moment, gas demand is expected to
surge higher in the long term. The retirement of coal-fired plants
due to toughening environmental standards in the US would increase
the share of total electric power generation fueled by natural gas
by 6 percentage points, according to Fitch Ratings.
Royale Energy is focused on development, acquisition,
exploration, and production of natural gas and oil in California,
Texas and the Rocky Mountains. Shares of the company skyrocketed
earlier this week after the company announced that it made two more
natural gas discoveries in its core area.
Legend Oil and Gas Ltd. is a managed risk, oil and gas
exploration/exploitation, development and production company with
activities currently focused on leases in Canada, southeastern
Kansas and northern North Dakota. Shares of the company nearly
doubled on Wednesday after it responded to two defamatory reports
written by a short seller, relating to the management and directors
of Legend Oil and Gas Ltd.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
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