Energy stocks received a boost Friday as futures surged on a stronger-than-anticipated jobs report. Oil futures finished up 5.3 percent when compared to the previous week. On Friday, the Labor Department reported 203,000 new jobs were added in November, while the unemployment rate declined to 7.0 percent. “These were spectacular jobs numbers and will ultimately be supportive for energy prices," said partner John Kilduff with energy hedge fund Again Capital LLC. "We’ve already seen demand pick up, and this is a signal that it will be stronger going ahead.”
VAALCO Energy, Inc. (NYSE: EGY) shares traded in the range of $6.06 to $6.94 Friday before settling to close at $6.45, an increase of 9.32 percent. The stock appears to be facing some resistance at $6.51 with some support at the $6.35 and $6.24 levels. Shares of VAALCO Energy have fallen approximately 25.0 percent in 2013.
More information on VAALCO Energy and access to the free equity report can be found at:
Noble Corporation PLC (NYSE: NE) shares traded in the range of $37.59 to $38.11 Friday before settling to close at $37.85, an increase of 0.42 percent. The stock appears to be facing some resistance at the $38.44 and $38.67 levels with some support at $37.84. Shares of Noble have gained approximately 9.0 percent in 2013.
More information on Noble and access to the free equity report can be found at:
Pioneer Energy Services Corp. (NYSE: PES) shares traded in the range of $7.40 to $7.61 Friday before settling to close at $7.49 a share. The stock appears to be facing some resistance at the $7.59 and $7.72 levels with some support at $7.38. Shares of Pioneer Energy Services have gained approximately 3.0 percent in 2013.
More information on Pioneer Energy Services and access to the free equity report can be found at:
Penn West Petroleum Ltd. (NYSE: PWE)(TSX: PWT) shares traded in the range of $8.51 to $8.68 Friday before settling to close at $8.61, an increase of 1.18 percent. The stock appears to be facing some resistance at the $8.65 and $9.64 levels with some support at $8.13. Shares of Penn West Petroleum have fallen approximately 20.0 percent in 2013.
More information on Penn West Petroleum and access to the free equity report can be found at:
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Wall Street Fundamentals
Leave a comment...