U.S. Focused Magnum Hunter Resources and RAM Energy Resources Kick Off 2012 on High Note
The Paragon Report Provides Equity Research on Magnum Hunter Resources & RAM Energy Resources
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 01/04/12 -- Oil stocks are on the upswing to kick off the New Year as tension between Iran and the United States has provoked concern of a possible disruption to oil supplies from the Middle East. Meanwhile, data from China shows that the country's economic activity is picking up. The Paragon Report examines investing opportunities in the Oil & Gas Sector and provides equity research on Magnum Hunter Resources Corporation (NYSE: MHR) and RAM Energy Resources, Inc. (NASDAQ: RAM). Access to the full company reports can be found at:
Military exercises in the Gulf by Iran and the movement of U.S. naval vessels in the area has raised fears of a confrontation between Tehran and Washington that could cut off oil exports from the region, Reuters reports. Iran has threatened to close the Strait of Hormuz, where approximately 40 percent of global crude exports pass, as possible retaliation to new U.S. economic sanctions over Iran's nuclear program.
Over the weekend, U.S. President Barack Obama signed a law imposing tougher financial sanctions that could for the first time hurt Tehran's oil exports. Reuters reports that the European Union could soon follow suit.
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.
Shares of Oil and Gas companies with minimal exposure to the Middle East jumped on the news of Iran's threats, as these companies stand to benefit from the uptick in oil prices, without losing production volume.
Magnum Hunter Resources Corporation engages in the acquisition, development, and production of oil and natural gas primarily in West Virginia, North Dakota, Texas, and Louisiana. In late December the company raised its production guidance for 2011 and 2012 "due to higher production levels being experienced from new well completions." Magnum Hunter raised production guidance for calendar 2012 with a projected exit rate of 14,500 Boe per day from its previous guidance of 13,000 Boe per day.
RAM Energy Resources, Inc. engages in the acquisition, development, exploitation, exploration, and production of oil and natural gas properties in Texas, Oklahoma, and Louisiana. For the quarter ended September 30, 2011, RAM reported net income of $11.8 million, or $0.15 per share, compared to $1.6 million, or $0.02 per share, in the year-ago quarter.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon 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: 04.01.2012 - 07:16 Uhr
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