High Yielding SeaDrill Limited and Linn Energy Poised to Benefit From Stronger Oil Market
The Paragon Report Provides Equity Research on SeaDrill Limited &Linn Energy
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 12/02/11 -- Oil and Gas stocks have been on the upswing this week as a rebound in consumer confidence is expected to bode well for future oil demand. High yielding oil producers such as SeaDrill Limited and Linn Energy appear poised to benefit from a stabilizing oil market as both companies ramp up production. The Paragon Report examines investing opportunities in the Oil & Gas Sector and provides equity research on SeaDrill Limited (NYSE: SDRL) and Linn Energy, LLC (NASDAQ: LINE). Access to the full company reports can be found at:
Oil prices once again rose over $100 per barrel this week as the US and other countries made it easier for banks to lend money and keep the global economy growing. A surge of violence in Iran, the world's third largest oil exporter, also helped boost oil prices. Students angered at sanctions against Iran for its nuclear program stormed the British embassy in Teheran and other British diplomatic sites before police restored order.
The government reported on Wednesday that oil and gasoline supplies grew last week, as imports rose and refineries slowed down because of weak demand. The weak demand numbers kept oil prices from rising further.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Oil & Gas sector register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
The Organization of Petroleum Exporting Countries (OPEC) is optimistic that recovery from the Great Recession is going faster than expected. The oil cartel raised estimates for global oil demand to 2015 by to 92.9 million barrels a day led by emerging Asian economies. The 2015 estimate is 1.9 million barrels more than last year's forecast. Still, Europe's debt crisis and slowing U.S. growth pose risks, the group said.
OPEC now has a working assumption of oil at $133 a barrel by 2035.
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Datum: 02.12.2011 - 07:16 Uhr
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