Wall Street Fundamentals Releases New In-Depth Stock Reports on ERF, KEG, MHR and REXX
Energy stocks were lifted last Thursday as oil future jumped after Organization of the Petroleum Exporting Countries (OPEC) reported a drop in September output. OPEC reported crude production averaged 30.05 million barrels per day in September, a decline of 390,000 when compared to the previous month. Separately, a survey conducted by Platts of oil industry experts and analysts estimated OPEC’s crude production dropped below 30 million barrels per day in September, which marked the first time on over two years. “Global [oil] product markets are expected to come under pressure over the winter season,” the OPEC report said. “The combination of sluggish demand and increasing product supplies are likely to dampen margins, leading to lower refinery runs over this period.”
Enerplus Corp. (NYSE: ERF)(TSX: ERF) shares traded in the range of $16.16 to $16.59 last Thursday before settling to close at $16.40, an increase of 2.37 percent. The stock appears to be facing some resistance at the $16.62 and $17.12 levels with some support at $16.22. Shares of Enerplus have gained approximately 26.0 percent in 2013.
More information on Enerplus and access to the free equity report can be found at:
Key Energy Services, Inc. (NYSE: KEG) shares traded in the range of $6.99 to $7.23 last Thursday before settling to close at $7.22, an increase of 4.64 percent. The stock appears to be facing some resistance at the $7.51 and $7.71 levels with some support at $7.20. Shares of Key Energy Services have gained approximately 4.0 percent in 2013.
More information on Key Energy Services and access to the free equity report can be found at:
Magnum Hunter Resources Corp. (NYSE: MHR) shares traded in the range of $6.90 to $7.28 last Thursday before settling to close at $7.25, an increase of 7.41 percent. The stock appears to have some support at the $7.21, $6.86 and $6.18 levels. Shares of Magnum Hunter Resources have gained approximately 82.0 percent in 2013.
More information on Magnum Hunter Resources and access to the free equity report can be found at:
Rex Energy Corporation (NASDAQ: REXX) shares traded in the range of $21.29 to $21.97 last Thursday before settling to close at $21.79, an increase of 2.98 percent. The stock appears to be facing some resistance at the $22.80 and $23.52 levels with some support at $21.56. Shares of Rex Energy have gained approximately 67.0 percent in 2013.
More information on Rex 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
(October 17, 2013 - 8:52 AM EDT)
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