On Monday, crude oil prices fell below $94.00 a barrel as China’s economic growth slowed in the last quarter. , China's National Bureau of Statistics reported its economy grew 7.7 percent in the fourth quarter of 2013, slightly lower than the 7.8 percent seen in the previous quarter. Additionally, Libyan officials have stated that they expect to regain control of oil facilities in the east which would add to global stockpiles and increase downward pressure on oil prices. "The prospect of a growing oil supply is continuing to weigh on prices," said a research note from Commerzbank in Frankfurt. "Any seizure of the oil terminals by force would mean escalating the crisis and make it more difficult — if not impossible — to find any permanent solution to it."
Goodrich Petroleum Corporation (NYSE: GDP) shares traded in the range of $16.27 to $16.92 Friday before settling to close at $16.49, a decrease of 1.79 percent. The stock appears to be facing some resistance at the $17.63 and $19.05 levels with some support at $16.35. Shares of Goodrich Petroleum have gained approximately 70.0 percent in the past year.
More information on Goodrich Petroleum and access to the free equity report can be found at:
Halcon Resources Corp. (NYSE: HK) shares traded in the range of $3.38 to $3.50 Friday before settling to close at $3.39, a decrease of 3.14 percent. The stock appears to be facing some resistance at the $3.44 and $3.62 levels with some support at $3.29. Shares of Halcon Resources have fallen approximately 55.0 percent in the past year.
More information on Halcon Resources and access to the free equity report can be found at:
Kodiak Oil & Gas Corp. (NYSE: KOG) shares traded in the range of $10.90 to $11.18 Friday before settling to close at $10.98, a decrease of 0.54 percent. The stock appears to be facing some resistance at the $11.13 and $11.44 levels with some support at $10.89. Shares of Kodiak Oil & Gas have gained approximately 18.0 percent in the past year.
More information on Kodiak Oil & Gas and access to the free equity report can be found at:
Magnum Hunter Resources Corp. (NYSE: MHR) shares traded in the range of $7.85 to $8.19 Friday before settling to close at $8.00, a decrease of 1.48 percent. The stock appears to have some support at the $7.87, $7.46 and $7.19 levels. Shares of Magnum Hunter Resources have gained approximately 85.0 percent in the past year.
More information on Magnum Hunter Resources 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
Email: [email protected]