StockCall.com Provides Stock Research on Tesoro Corp., Hess Corp., Penn Virginia Corp., and Linn Co. LLC
New York City, New York -- (June 05, 2013)
Oil & gas refining companies in the U.S. faced significant margin pressures in recent years. However, the outlook for these companies has improved significantly due to the shale revolution in the U.S. The shale boom is also expected to benefit independent oil & gas companies. Several independent oil & gas companies have already increased their focus on the U.S. to capitalize on the shale boom. However, weakening demand for oil remains a major concern for oil and gas companies. On Tuesday, June 4, 2013, shares in oil & gas companies ended mostly lower as the broader market slipped amid concerns over the Federal Reserve’s bond buying program. The major movers in the sector included Tesoro Corporation (NYSE: TSO), Hess Corp. (NYSE: HES), Penn Virginia Corporation (NYSE: PVA), and LinnCo LLC (NASDAQ: LNCO). StockCall has released free charting and technical research on these aforementioned companies. Register to read these reports at
Shares in Tesoro Corporation fell sharply on Tuesday, extending their losses from previous sessions. The company’s shares ended the day 1.77% lower at $59.44 after trading between $58.34 and $61.13. A total of 3.07 million shares were traded which is well below the daily average volume of 4.31 million. The stock has now fallen over 3% in the last three trading sessions. However, despite the recent losses, shares of TSO are still up nearly 35.90% so far in 2013. The stock is currently trading 9.30% below its 52-week high. Sign up for the free report on TSO at
www.StockCall.com/TSO060513.pdf
Hess Corp.’s stock slipped yesterday, tracking losses in the broader market. The company’s shares traded between $67.53 and $68.92 before finishing the day 0.78% lower at $68.25. HES saw volume of 2.34 million shares on Tuesday which is well below the daily average volume of 3.70 million. Shares of the company are currently facing stiff resistance at around $70. The stock is currently trading below its 50-day moving average of 70.38. So far this year, the stock has gained over 29%, outperforming the S&P 500. However, despite the gains, it is still trading 8.36% below its 52-week high. HES free technical report can be accessed by signing up at
www.StockCall.com/HES060513.pdf
Shares in Penn Virginia Corporation rose sharply on Tuesday even as the broader market struggled. The company’s shares hit an intraday high of $4.75 before finishing the day 3.49% higher at $4.74. A total of 1.77 million shares were traded, which is above the daily average volume of 1.37 million. However, despite the significant gains in its last trading session, the stock is down nearly 1.90% in the last three sessions. Shares of PVA are currently trading 38.76% below their 52-week high. So far this year, the stock has grown nearly 7.50%, underperforming the S&P 500. Free report on PVA can be accessed by registering at
www.StockCall.com/PVA060513.pdf
LinnCo LLC’s stock slipped yesterday, extending its losses from its previous trading sessions. The company’s shares traded between $36.92 and $37.55 before finishing the day 0.48% lower at $37. A total of 391,001 shares were traded which is less than half the daily average volume of 847,597. Shares of LNCO have now fallen over 1% in the last three sessions. So far this year, the stock has grown over 6%, outperforming the S&P 500. The stock is currently trading well below its 50-day moving average.Register withStockCall and download the research on LNCO for free at
www.StockCall.com/LNCO060513.pdf
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