Wall Street Fundamentals Releases New In-Depth Stock Reports on APA, COG, PWE and SN
On Tuesday, oil prices dropped below $103 a barrel for the first time since the beginning of August as tensions between the U.S. and the Middle East eased. "Supply-side concerns appear be diminishing. A military action against Syria looks increasingly unlikely, while the new Iranian president has signaled his willingness to negotiate over Tehran's nuclear program," said Fawad Razaqzada, Technical Analyst at GFT Global Markets. According to Commerzbank analysts, Iran is looking to have Western sanctions eased, which have cause Iran’s oil exports to fall from 2.5 million barrels in 2011 to 1.2 million.
Apache Corporation (NYSE: APA) shares traded in the range of $86.57 to $87.88 Tuesday before settling to close at $87.00, a decrease of 0.42 percent. The stock appears to be facing some resistance at the $87.17 and $92.63 levels with some support at $85.58. Shares of Apache have gained approximately 10.0 percent in 2013.
More information on Apache and access to the free equity report can be found at:
Cabot Oil & Gas Corporation (NYSE: COG) shares traded in the range of $36.63 to $37.48 Tuesday before settling to close at $36.73, a decrease of 1.40 percent. The stock appears to be facing some resistance at the $36.75 and $37.45 levels with some support at $36.27. Shares of Cabot Oil & Gas have gained approximately 47.0 percent in 2013.
More information on Cabot Oil & Gas and access to the free equity report can be found at:
Penn West Petroleum Ltd. (NYSE: PWE)(TSX: PWT) shares traded in the range of $11.20 to $11.40 Tuesday before settling to close at $11.22, a decrease of 1.06 percent. The stock appears to be facing some resistance at the $11.56 and $12.33 levels with some support at $11.07. Shares of Penn West Petroleum have gained approximately 3.3 percent in 2013.
More information on Penn West Petroleum and access to the free equity report can be found at:
Sanchez Energy Corp. (NYSE: SN) shares traded in the range of $26.12 to $26.93 Tuesday before settling to close at $26.44, a decrease of 0.83 percent. The stock appears to have some support at the $26.29, $25.39 and $24.40 levels. Shares of Sanchez Energy have gained approximately 47.0 percent year-to-date.
More information on Sanchez Energy and access to the free equity report can be found at:
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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
Source: Accesswire IA
(September 25, 2013 - 9:01 AM EDT)
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