SOURCE: Five Star Equities
NEW YORK, NY--(Marketwire - Sep 13, 2012) - Oil and Gas exploration stocks have been on an impressive run as crude prices have rallied sharply in recent months. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has surged more than 22 percent in the last three months, handily outperforming the Dow Jones Industrial Average over the same period. Five Star Equities examines the outlook for companies in the Oil & Gas Industry and provides equity research on Rex Energy Corporation (NASDAQ: REXX) and Ivanhoe Energy Inc. (NASDAQ: IVAN) (TSX: IE).
Access to the full company reports can be found at:
The Organization of the Petroleum Exporting Countries (OPEC) in their monthly report forecasted oil demand to rise in 2012 and the next. In their monthly report OPEC forecasted global oil demand to increase by 900,000 barrels a day in 2012 and another 800,000 in 2013. During August OPEC produced an average of 254,000 barrels more a day than in July for a total of 31.41 million barrels.
"It's been an impressive performance. And when you put this month's number up against OPEC's own prediction that it is going to need to produce about 30.5 million b/d in the fourth quarter, which is always the heaviest demand period of the year, it should ease fears of tight crude supplies," said John Kingston, Platts global director of news.
Five Star Equities releases regular market updates on the Oil & Gas Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Rex Energy is an independent energy company engaged in the acquisition, production, exploration and development of oil, natural gas and natural gas liquids. The company's strategy is focused on increasing production and proved reserves within the Appalachian and Illinois regions. Shares of the company have rallied over 30 percent in the last three months.
Ivanhoe Energy uses technologically innovative methods to significantly improve the development of heavy oil and other oil and gas assets. Primary among these is Ivanhoe's proprietary, patented heavy oil upgrading process called "HTL," or "Heavy-to-Light." The HTL process converts heavy oil to lighter, more valuable product that can be transported by pipeline without the need for light blend oils.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: