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.
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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:
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