Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.
SOURCE StockCall.com
LONDON, March 22, 2013 /PRNewswire/ --
The oil & gas drilling and exploration industry is expected to benefit significantly from the shale oil revolution in the U.S. Companies such as Hercules Offshore Inc. (NASDAQ: HERO), Cheniere Energy Inc. (NYSEAMEX: LNG), and Helmerich & Payne Inc. (NYSE: HP), the shale oil boom offers major opportunities. Petroleo Brasileiro Petrobras SA (NYSE: PBR), the Brazil-based oil and gas giant, meanwhile, has been focusing on several offshore projects in Brazil. For oil & gas explorers, the recovery in the global economy also augurs well. On Thursday, oil and gas stocks ended on a mixed note as the broad market tumbled on concerns over the Eurozone debt crisis. StockCall reviewed the Oil & Gas Drilling & Exploration industry and chose PBR, HERO, LNG, and HP for its technical coverage. These free reports can be seen for free at
http://www.stockcall.com/signup
Petroleo Brasileiro Petrobras SA's shares have struggled this week, and the trend continued on Thursday. The stock fell 1.86% to finish at $16.88, after touching an intra-day low of $16.86. The oil & gas company's shares have now fallen more than 5.20% this week. The stock has fallen more than 13% this year, even as the broad market has rallied. It has fallen below $17 support level as a result of the sell-off this week, which is a bearish signal. This downbeat trend is further confirmed by recent volume activity and the stock's MACD chart. Download the free research on PBR by signing up now at
http://www.StockCall.com/PBR032213.pdf
Hercules Offshore Inc.'s shares rose yesterday even as the broad market struggled. Shares of the Houston, Texas-based company gained 0.96% to finish at $7.33 after touching a 52-week high of $7.56. Hercules Offshore shares have gained nearly 3% in the last three trading sessions. Year-to-date, the stock has gained nearly 19%, outperforming the S&P 500. The stock recently broke through $7.25 resistance level, which is a bullish signal. The stock's MACD is also trading above the signal line and the zero-line, further confirming the positive trend. Register for today's free analysis on HERO at
http://www.StockCall.com/HERO032213.pdf
Cheniere Energy Inc.'s shares rose sharply in yesterday's trading session. The stock hit a 52-week high of $26 before finishing the day 1.90% higher at $25.80 on above average volume of 4.45 million. The company's shares have gained more than 4% in the last three sessions even as the broad market has struggled. The stock has outperformed the broad market for the year as well, gaining more than 37%. Its shares have seen a series of highs in the last few trading sessions, which is a bullish signal. Free report on LNG can be accessed by registering at
http://www.StockCall.com/LNG032213.pdf
Shares of Helmerich & Payne Inc. edged lower on Thursday; however, the losses were limited. The stock ended the day 0.40% lower at $60.43 after falling to an intra-day low of $60.13. The company's shares have fallen nearly 3.50% in the last three trading sessions. Despite the recent pullback, the stock is still up more than 8% for the year. Helmerich & Payne's shares have seen a series of lows this week, which suggests that market sentiment has turned bearish on the stock. Register with StockCall and download the research on HP for free at
http://www.StockCall.com/HP032213.pdf
About StockCall.com
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at
http://www.stockcall.com
©2012 PR Newswire. All Rights Reserved.
