StockCall.com Provides Stock Research on Kodiak Oil & Gas Corp., Penn West Petroleum Ltd., Energy Transfer Partners LP, and Enbridge Inc.
New York City, New York -- (June 14, 2013)
The shale boom in the U.S. has created a significant opportunity for oil and gas companies. The shale revolution has led to substantial increase in oil production in the U.S., benefiting drilling & exploration companies as well as pipeline operators. According to the International Energy Agency (IEA), the U.S. is expected to overtake Saudi Arabia as the world’s largest producer of oil in the next few years. The IEA also believes that the shale boom will force oil and gas companies to rethink their global investment strategies. On Thursday, June 13, 2013, shares in oil and gas companies ended mostly higher, tracking gains in the broader market. The major movers in the sector included Kodiak Oil & Gas Corp. (USA) (NYSE: KOG), Penn West Petroleum Ltd. (USA) (NYSE: PWE), Energy Transfer Partners L.P. (NYSE: ETP), and Enbridge Inc. (USA) (NYSE: ENB). StockCall initiated free in-depth technical analysis on KOG, PWE, ETP, and ENB which are currently available upon sign up at
Shares in Kodiak Oil & Gas Corp. moved higher whilst oscillating between $8.65 and $8.93 throughout the session on Thursday. It finished the day 1.14% higher at $8.90. A total of 5.29 million shares were traded, which is below the daily average volume of 6.13 million. So far this year, the company’s shares have grown just 0.56%, and it is currently underperforming the S&P 500. The stock is presently trading 10.73% below its 52-week high. Shares of the company are also trading below their 200-day moving average. Sign up for the free technical analysis on KOG at
www.StockCall.com/KOG061413.pdf
Penn West Petroleum Ltd’s stock ended slightly higher yesterday, extending its gains from its previous trading sessions. Shares of PWE hit an intraday high of $11.18 before finishing the day 0.36% higher at $11.16. A total of 2.52 million shares were traded, which is below the daily average volume of 3.31 million. The company’s shares have grown over 8.20% in the last three sessions. So far this year, the stock has grown by nearly 5.20%, but it is still underperforming the S&P 500. Download the free report on PWE by registering at
www.StockCall.com/PWE061413.pdf
Shares in Energy Transfer Partners L.P. ended slightly lower on Thursday even as the broader market rallied. The company’s shares traded between $48.98 and $49.40 before closing the day 0.63% lower at $49.18. A total of 1.26 million shares were traded which is below the daily average volume of 1.64 million. Shares of ETP have now dwindled by over 1.20% in the last three sessions. However, despite the recent losses, the stock is still up nearly 19% so far in 2013. Shares of oil & gas pipelines company are currently trading 7.21% below their 52-week high. The free report on ETP can be downloaded by signing up now at
www.StockCall.com/ETP061413.pdf
Enbridge Inc.’s stock was one of the best performers in the oil and gas sector yesterday, closing 2.28% higher at $43.93. A total of 1.04 million shares were traded on Thursday between $42.71 and $44.05. So far this year, the company’s shares have climbed by more than 2.80%, but they still are underperforming the S&P 500. The stock is currently trading 8.65% below its 52-week high. ENB’s shares are also trading below their 50-day moving average. Free report on ENB can be accessed by registering at
www.StockCall.com/ENB061413.pdf
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