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Voters Weigh In: Republicans take Control and Oil Prices Rally

Thursday, 06 November 2014 08:11 AM

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CORAL GABLES, FL / ACCESSWIRE / November 5, 2014 / Midterm elections resulting in a Republican Senate bolstered gains during Wednesday's market session and the energy sector saw a rebound as well, which resulted in US stocks ending near record levels.  Thanks to oil prices beginning to rebound the Standard and Poor's 500 closed just over 2,000 and the Dow saw highs that nearly scraped 17,500.  Keep in mind that this was just a day after oil fell to their lowest prices in three years and with so much credit going to oil and gas, investors have been in a frenzy to find out which stocks could have the upper hand in rising with the tide of Oil's latest rebound.

Arex Resources (NASDAQ:AREX) announced both changes to the board as well as the company's third quarter results, which were well received by the market after the stock ran up as much as 5%. Impressive revenue numbers boosted by production helped the company report an increase in third quarter revenues by 54% as compared to the same period in 2013. This was in addition to an increase in  production of 61% with a total of 1,306MBoe.  J. Ross Craft, Approach's Chairman, Chief Executive Officer and President, said, "We are closely monitoring the macro environment in the crude oil markets. Our Company is well positioned to withstand prolonged weakness in crude oil prices, given our sizeable core acreage position that is largely held by production, as well as our low cost structure, strong hedge book, low leverage metrics and solid liquidity position."

Virtus Oil and Gas Corp (OTCQB:VOIL) continued its rebound from Tuesday's reversal.  VOIL hit lows this week of $1.33 but  managed to bounce back 24% when it saw highs of $1.65 Wednesday morning.  After crashing in October it looks like VOIL has begun to finally gain positive interest from the investment community during November.  The company announced that it has been undergoing seismic testing for its Parowan Project and so far the results have been favorable to VOIL's further exploration of the Central Utah Thrust Belt.  According to Virtus' Chief Operations Officer Brett Murray the company has already begun the initial steps to secure Federal Units on the Parowan acreage.

But what has quite possibly solidified the "market mover" seat this quarter has been Falconridge Oil Technologies Corp (OTCQB:FROT) which has been on the move since early October when it was trading at $0.40.  Since then it has seen record high after record high with Wednesday's $1.26 HOD being no exception (current percentage high of 215%).  Volume has seemingly come out of nowhere as the Company has just begun making announcements.  Some speculators assume the worst case scenario when considering the downside potential and increased market risk associated with such a rise in price over a short period of time but traders and investors continue to scramble for shares.  Just this week FROT revealed its business strategy moving forward which is to deliver an industry changing technology to take the place of fracking.

While the skeptics continue to analyze the Oil and Gas industry for more decline many investors and traders alike are making money with well-positioned investments.  After hitting a 3 year bottom, oil has begun to rebound and industry players have already started to become part of this "rising tide" in oil.  

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Contact Name: Adam Heimann
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SOURCE: DailyStockReporter.com

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