StockCall.com Provides Stock Research on KTAM Hong Kong ETF Tracker, Whiting Petroleum Corp., Bill Barrett Corp., Concho Resources Inc., and Rowan Companies Inc.
New York City, New York -- (June 05, 2013)
A report from the International Energy Agency (IEA) released last month said that increasing North American oil production has created a supply shock in the global oil market. The increase in North American oil production is being driven by the shale boom in the U.S. The IEA noted in its report that the shale boom has prompted several oil & gas drilling & exploration companies to rethink their global investment strategy. However, oil prices have come under pressure in recent weeks due to weakening demand, especially from China. This is a major concern for oil & gas drilling & exploration companies. Shares in oil & gas companies ended mostly lower on Tuesday, June 4, 2013. The major movers in the sector included Halcon Resources Corp. (NYSE: HK), Whiting Petroleum Corp. (NYSE: WLL), Bill Barrett Corporation (NYSE: BBG), Concho Resources Inc. (NYSE: CXO), and Rowan Companies Plc (NYSE: RDC). StockCall has taken an interest in these companies and you can now sign up to download the free technical research on HK, WLL, BBG, CXO, and RDC at
www.stockcall.com/registration
Shares in Halcon Resources Corp. rose sharply on Tuesday even as the broader market struggled. The company’s shares hit an intraday high of $5.35 before finishing the day 2.11% higher at $5.32. It saw total volume of 3.95 million shares which is below the daily average volume of 5.87 million. However, despite the sharp rise yesterday, shares of HK have fallen nearly 1.70% in the last three trading sessions. Sign up today to read the free research report on HK at
www.StockCall.com/HK060513.pdf
Whiting Petroleum Corp.’s stock ended slightly lower in yesterday’s trading session, extending its losses from its previous sessions. The company’s shares traded between $45.98 and $46.88 before finishing the day 0.17% lower at $46.62. A total of 1.13 million shares were traded which is well below the daily average volume of 1.85 million. Shares of WLL have fallen nearly 2.40% in the last three sessions. The stock is currently trading over 15% below its 52-week high. Register to download the free technical analysis on WLL at
www.StockCall.com/WLL060513.pdf
Shares in Bill Barrett Corporation fell sharply in its last session, finishing 1.71% lower at $22.36 after trading between $22.13 and $23.14. A total of 901,568 shares were exchanged which is below the daily average volume of 1.34 million. The company’s shares have fallen over 4.10% in the last three trading sessions. However, despite the recent losses, the stock is still up nearly 25.70% so far this year, outperforming the S&P 500. Free report on BBG can be accessed by registering at
www.StockCall.com/BBG060513.pdf
Concho Resources Inc.’s stock was one of the best performers in the oil and gas sector yesterday. The company’s shares hit an intraday high of $86.43 before finishing the day 2.19% higher at $86.27. Volume was at 1.50 million shares, which is above the daily average volume of 1.39 million. Shares of CXO have grown over 7% so far in 2013, underperforming the S&P 500.Register withStockCall and download the research on CXO for free at
www.StockCall.com/CXO060513.pdf
Shares in Rowan Companies Plc slipped on Tuesday, extending their losses from previous trading sessions. The stock traded between $33.08 and $33.98 before finishing the day 0.66% lower at $33.33. A total of 1.46 million shares were traded which is above the daily average volume of 1.06 million. Shares of RDC have fallen nearly 2.90% in the last three sessions. Read the full free research on RDC by signing up to StockCall at
www.StockCall.com/RDC060513.pdf
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Source: ACCESSWIRE Investor Awareness
(June 5, 2013 - 8:18 AM EDT)
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