Aegean Marine Petroleum Network and Three Additional Stocks Under Scanner in the Major Integrated Oil & Gas Space
Stock Research Monitor: EC, XOM, and MNGA
LONDON, UK / ACCESSWIRE / July 9, 2018 / If you want a free Stock Review on ANW sign up now at www.wallstequities.com/registration. WallStEquities.com redirects investors' attention to the Integrated Oil and Gas space, which engages in the exploration, production, refinement, and distribution of oil and gas. Typically, integrated companies divide their various operations into categories: upstream, which includes all exploration and production endeavors; and downstream, which is confined to refinement and marketing activities. Under observation this morning are four major industry players, and they are: Aegean Marine Petroleum Network Inc. (NYSE: ANW), Ecopetrol S.A. (NYSE: EC), Exxon Mobil Corp. (NYSE: XOM), and MagneGas Corp. (NASDAQ: MNGA). All you have to do is sign up today for this free limited time offer by clicking the link below.
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Aegean Marine Petroleum Network
Last Friday, Athens, Greece headquartered Aegean Marine Petroleum Network Inc.'s stock plummeted 8.37%, to close the day at $1.86. A total volume of 22.39 million shares was traded, which was above their three months average volume of 2.02 million shares. The Company's shares have surged 56.30% in the last month. The stock is trading 9.72% below its 50-day moving average. Additionally, shares of the Company, which together with its subsidiaries, operates as a marine fuel logistics company that markets and supplies refined marine fuel and lubricants to vessels in port, at sea, and on rivers worldwide, have a Relative Strength Index (RSI) of 60.52.
On July 05th, 2018, Aegean Marine Petroleum Network (ANW) announced that it has entered into a Memorandum of Understanding with Mercuria Energy Group Limited and its affiliates, one of the world's largest independent commodities and energy groups, to explore a global strategic partnership. Under the terms of the agreement, the latter intends to provide a US$1 billion trade finance facility intended to support ANW's existing US and global revolving credit facilities. Get the full research report on ANW for free by clicking below at:
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Ecopetrol
Shares in Bogota, Colombia-based Ecopetrol S.A. rose 2.25%, finishing Friday's session at $20.49. The stock recorded a trading volume of 1.37 million shares. The Company's shares have gained 5.84% over the previous three months and 130.22% over the past year. The stock is trading above its 200-day moving average by 23.63%. Furthermore, shares of Ecopetrol, which operates as an integrated oil and gas company, have an RSI of 49.59.
On July 05th, 2018, Ecopetrol reported that Búfalo-1 well confirmed the presence of oil in the Valle Medio del Magdalena, located near the town of Guaduas, Department of Cundinamarca. The finding recorded a depth of 1,153 meters in the Middle Magdalena Valley basin, where the presence of dry gas and light crudes was evident in the Grupo Honda. Get access to our top-rated research, including the free report on EC at:
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Exxon Mobil
Irving, Texas headquartered Exxon Mobil Corp.'s stock finished 0.02% higher at $82.33 last Friday at the close. A total volume of 5.76 million shares was traded. The Company's shares have advanced 0.33% in the past month, 9.96% in the previous three months, and 2.76% over the past year. The stock is trading above its 50-day and 200-day moving averages by 2.03% and 1.89%, respectively. Additionally, shares of Exxon Mobil, which explores for and produces crude oil and natural gas in the US, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania, have an RSI of 56.48.
On June 20th, 2018, Exxon Mobil said that it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The Company encountered approximately 256 feet (78 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,057 feet (5,504 meters) depth in 6,365 feet (1,940 meters) of water. Click here to subscribe for a free membership which welcomes you with our report on XOM at:
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MagneGas
Clearwater, Florida headquartered MagneGas Corp.'s shares ended the session 1.21% lower at $0.34. The stock recorded a trading volume of 4.25 million shares. Shares of the Company are trading 32.50% below their 50-day moving average. Moreover, shares of MagneGas, which creates and produces hydrogen-based fuel through the gasification of liquid and liquid waste in the US and internationally, have an RSI of 40.32.
On June 12th, 2018, MagneGas announced that it generated sales of $1.04 million for the month of May, surpassing last year's sales during that same time by 182% year-over-year. The strong growth was largely due to strong results in San Diego and Sacramento, where the Company has been actively expanding the sales team and continues to promote MagneGas2® as a differentiating product for accelerated market expansion. Join our big investor community at Wall St. Equities today and get your free report on MNGA at:
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