Wall Street Fundamentals Releases New In-Depth Stock Reports on BAS, DNR, ERF and KEG


Follow this company

Companies Mentioned

NYSE:BAS / NYSE:DNR / NYSE:ERF / NYSE:KEG
02/20/2014 [ACCESSWIRE]

Oil prices reached a new 2014 high as forecasts for cold weather have boosted demand for heating-related fuels. WTI for March delivery closed at $103.31 a barrel on the New York Mercantile Exchange, the highest seen since October 8th. "At the margin, weather is driving demand for heating-related fuels," said Tim Evans, an analyst at Citigroup. "This is a market that really does look physically tight." Additionally, a survey conducted from Bloomberg forecasts inventories at Cushing, Oklahoma to drop for the third consecutive week. Here is how some Oil & Gas stocks reacted Wednesday:

Basic Energy Services, Inc. (NYSE: BAS) shares traded in the range of $19.40 to $20.40 Wednesday before settling to close at $20.00, an increase of 1.88 percent. The stock appears have some support at the $19.39, $17.81 and $16.55 levels. Shares of Basic Energy Services have gained approximately 5.0 percent year-to-date.

More information on Basic Energy Services and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BAS

Denbury Resources Inc. (NYSE: DNR) shares traded in the range of $16.15 to $16.35 Wednesday before settling to close at $16.19. The stock appears to be facing some resistance at the $16.57 and $16.73 levels with some support at $16.14 and $15.61. Shares of Denbury Resources have fallen approximately 1.5 percent year-to-date.

More information on Denbury Resources and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/DNR

Enerplus Corp. (NYSE: ERF)(TSX: ERF) shares traded in the range of $19.70 to $19.98 Wednesday before settling to close at $19.86, an increase of 0.05 percent. The stock appears to be facing some resistance at $20.02 with some support at the $19.69 and $18.59 levels. Shares of Enerplus have gained approximately 9.0 percent year-to-date.

More information on Enerplus and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/ERF

Key Energy Services, Inc. (NYSE: KEG) shares traded in the range of $8.30 to $8.65 Wednesday before settling to close at $8.39, an increase of 1.08 percent. The stock appears to be facing some resistance at $8.88 with some support at the $8.10 and $7.93 levels. Shares of Key Energy Services have gained approximately 6.0 percent year-to-date.

More information on Key Energy Services and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/KEG

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.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

COMMENTS

Leave a comment...
 * 

Your Name
 *