Gaddafi's Demise Could Lead to Wider Margins for BP and ConocoPhillips in 2012
The Bedford Report Provides Equity Research on BP & ConocoPhillips
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 11/03/11 -- Thus far earnings have been less than spectacular for oil majors as crude prices have dropped and demand has waned. While earnings season was low on surprises, the race to Libya could allow many major oil companies to ramp up production and widen margins in 2012. The Bedford Report examines the outlook for companies in the Oil and Gas sector and provides equity research on BP PLC (NYSE: BP) (LSE: BP) and ConocoPhillips (NYSE: COP). Access to the full company reports can be found at:
Interest in the Oil and Gas Sector has skyrocketed in the wake of Muammar Gaddafi's demise. With his death came an easing of tensions and fighting in the region, sparking renewed interest in exploring the country's vast oil resources. Approximately 75 percent of the country's potential oil territory is still unexplored. Gaddafi kept tight control over the region and political unrest previously deterred many oil companies from investing in the region. All of that is expected to change and investors would be wise to track which companies are making plays in the region.
The Bedford Report releases investment research on the Oil and Gas Sector 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 and get exclusive access to our numerous analyst reports and industry newsletters.
Last month ConocoPhillips said its third-quarter profit fell about 14 percent as China forced Conoco to suspend production in the Bohai Bay after discovering an oil spill in June. Meanwhile its operations in Libya also were shut down this year as a rebellion swept through the country. Conoco has been selling assets to focus on more profitable operations. It expects to complete the transformation next year by splitting into two companies -- an exploration and production business and a separate oil refining and pipeline company.
BP PLC reported that third-quarter profits more than doubled thanks to higher oil prices, with the chief executive saying the results marked a turnaround from the disastrous Gulf of Mexico oil spill. Last month the company won its first US permit to drill a new oil well in the Gulf of Mexico's deep waters, clearing the way for the company to resume exploration after the record offshore spill last year.
The Bedford Report 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. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at
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Datum: 03.11.2011 - 07:16 Uhr
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