Expanding Pipelines Sends Margin between West Texas Intermediate and Brent Crude to Narrowest in 8 Months
RDInvesting Provides Stock Research on Carrizo Oil & Gas and Warren Resources
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 03/22/13 -- U.S. oil and gas companies have benefitted from rising U.S. crude prices in 2013 as expanded pipelines and increased rail shipments have helped eased the supply glut. The iShares Dow Jones US Oil & Gas Exploration & Production ETF (IEO) has surged over 13 percent year-to-date. Research Driven Investing examines investing opportunities in the Oil & Gas Industry and provides equity research on Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) and Warren Resources, Inc. (NASDAQ: WRES).
Access to the full company reports can be found at:
The gap between West Texas Intermediate crude oil and Europe's Brent crude has fallen to its narrowest margin in eight months. Increased pipeline capacity has been a major contributor to rising U.S. oil prices. Later this year the Seaway Pipeline, after experiencing some issues in January, will begin to increase shipments to the Gulf Coast. Additionally, the Longhorn pipeline has recently reversed flow and has begun sending oil to refineries along the Gulf Coast. Since reaching a record of 51.9 million barrels in January, inventories at the Cushing, Oklahoma transport hub have fallen to 49.3 million barrels.
Research Driven Investing 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 and get exclusive access to our numerous stock reports and industry newsletters.
Carrizo Oil & Gas' current operations are principally focused in proven, producing oil and gas plays primarily in the Eagle Ford Shale in South Texas, the Niobrara Formation in Colorado, the Barnett Shale in North Texas, the Marcellus Shale in Pennsylvania, and the Utica Shale in Ohio. The company reported record oil production of 9,033 Bbls/d for the fourth quarter of 2012, a year-over-year increase of 190%.
Warren Resources' activities are primarily focused on oil in the Wilmington field in California and natural gas in the Washakie Basin in Wyoming. The company reported a net income of $4.0 million for the fourth quarter of 2012, compared to a net income of $3.0 million in the year ago quarter. Shares of Warren Resources have gained approximately 15 percent year-to-date.
Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Research Driven Investing 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:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 22.03.2013 - 07:20 Uhr
Sprache: Deutsch
News-ID 1209694
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
NEW YORK, NY
Phone:
Kategorie:
Commercial & Investment Banking
Anmerkungen:
Diese Pressemitteilung wurde bisher 228 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Expanding Pipelines Sends Margin between West Texas Intermediate and Brent Crude to Narrowest in 8 Months
"
steht unter der journalistisch-redaktionellen Verantwortung von
Research Driven Investing (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
