Oil Prices Skyrocket -- Legend Oil & Gas and Samson Oil & Gas Look to Profit
05 3월 2012 - 10:20PM
Marketwired
Oil prices have risen roughly eleven percent this year as global
demand is high and supplies have been disrupted in south Sudan,
Syria and elsewhere. The strong upswing in oil prices is lifting
oil industry stocks. While big oil stocks are only up marginally in
2012, shares of many small and mid-sized oil companies are beating
the 9 percent return for the S&P 500. The Paragon Report
examines investing opportunities in the Oil & Gas Sector and
provides equity research on Legend Oil & Gas Ltd. (OTCBB: LOGL)
and Samson Oil & Gas Limited (NYSE Amex: SSN) (ASX: SSN).
Access to the full company reports can be found at:
www.paragonreport.com/LOGL
www.paragonreport.com/SSN
Last week President Obama called on congress to end $4 billion
in subsidies for oil and gas companies, calling it a "giveaway"
that should be redirected to bolster alternative energy sources,
including wind, solar and batter power. Obama also vowed to tackle
the country's long-term energy issues while condemning "phony
election-year promises about lower gas prices." While Republicans
contest that President Obama is somehow responsible for higher gas
prices, Obama argues that "anyone who tells you we can drill our
way out of this problem doesn't know what they're talking about, or
isn't telling you the truth."
Reuters reports that a number of leading Democrats in Congress
have pushed the Obama administration to tap reserve oil supplies,
known as the Strategic Petroleum Reserve (SPR), to help bring down
gas prices, a move that Republican lawmakers oppose. House of
Representatives Speaker John Boehner, the top Republican in
Congress, told reporters it did not appear to him "that the
president believes using SPR would have any meaningful effect on
gas prices."
The Paragon Report provide investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the Oil & Gas Sector register with us
free at www.paragonreport.com and get exclusive access to our
numerous stock reports and industry newsletters.
Legend Oil and Gas, Ltd. engages in the acquisition,
exploration, exploitation, development, and production of oil and
gas properties. It holds producing oil leases containing 1,040
acres of oil producing land in Kansas. "While Kansas production
rates are low by industry standards (1-3 BOPD per well), the wells
are extremely shallow, cost less than $30,000 each to bring into
production and are economically positive, especially at oil prices
near $100 per barrel," said Legend's President, Marshall
Diamond-Goldberg .
Samson Oil & Gas Limited, together with its subsidiaries,
engages in the acquisition, exploration, development, and
production of oil and gas properties in the United States.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.paragonreport.com/disclaimer
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Legend Oil and Gas (CE) (USOTC:LOGL)
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부터 7월(7) 2024 으로 8월(8) 2024
Legend Oil and Gas (CE) (USOTC:LOGL)
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부터 8월(8) 2023 으로 8월(8) 2024