- Published: 04 November 2010
- Written by Investor Ideas
Time to Buy Oil and Gas Stocks ? NYSE Arca Oil Index Up, Crude Up
Point Roberts WA - November 5, 2010 (Investorideas.com Energy Newswire) www.Investorideas.com reports on energy stocks trading for November 4th. Oil prices finished at over $87, fuelled by the U.S. Federal Reserve's new monetary stimulus plan.
Bullish sentiment for energy stocks is on the rise in both US and Canadian markets . Suncor Energy Inc. (TSX:SU) was one of the top gainers as well as volume leaders on the Toronto Exchange. Flint Energy Services Ltd. (TSX: FES) hit a 52 week high, closing at $17.10, up $ 1.10 (6.87%) .
Energy Stocks Trading of the close November 4, 2010
- The NYSE Arca Oil Index (^XOI) closed at 1,133.43, up 32.03 (2.91%)
- American Petro-Hunter, Inc. (OTC.BB: AAPH) closed at $0.325 on over 400,000 shares
- Anadarko Petroleum Corporation (NYSE: APC) traded at $65.96, up $ 2.32 (3.65%)
- BP (NYSE: BP) ended the day at $ 43.91, up $ 1.54 (3.63%)
- Bontan Corporation, Inc. (OTCBB:BNTNF) closed up at $0.2150, up $0.0050 (2.38%)
- Chevron Corporation (NYSE: CVX) traded at $85.14, up $ 2.44 (2.95%)
- Denbury Resources (NYSE: DNR) closed at $18.65, up $1.21 (6.94%)
- Devon Energy Corporation (NYSE: DVN) closed at $69.60, up $1.38 (2.02%)
- Exxon Mobil Corporation Common (NYSE: XOM) finished the day at $ 69.38, up $1.41 (2.07%)
- Flint Energy Services Ltd. (TSX: FES) closed at $17.10, up $ 1.10 (6.87%) .
- Suncor Energy Inc.(TSX: SU.TO) closed at $35.48, up $ 2.58 (7.84%) and was one of the leading volume traders on the Toronto Exchange .
Recent Oil and Gas Stocks News:
American Petro-Hunter, Inc. (OTC.BB: AAPH)
American Petro-Hunter (OTCBB: AAPH) Updates Progress of NOJ26 Well Completion Program at North Oklahoma Project
SCOTTSDALE, AZ - November 4, 2010 (Investorideas.com energy newswire) - American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") is pleased to provide this latest update regarding the ongoing completion program of the NOJ26 oil well at the North Oklahoma Project.
NOJ26 has undergone a successful fracture stimulation ("frac") program on the oil bearing shale formation. The operator has begun swabbing back the "frac" fluid load and reports that the procedure will be completed in 2 days following which a calculated BPD rate can be ascertained. The Company has been advised that as all pump and tank storage equipment has arrived on site and is ready for immediate installation it is anticipated that NOJ26 will be on pump and producing by early next week as it commences production from the shale formation. Ultimately, the true test of the shale will be the actual quantity of oil sent to the tanks over the upcoming weeks as it is expected that an early flash of oil will be followed by a period of stabilization.
Full news: http://www.investorideas.com/CO/AAPH/news/11041.asp
Denbury Resources Announces Third Quarter Results
Closes on Acquisition of Reserves in Rocky Mountain Region
Increases 2010 Projected Annual Tertiary Growth Rate to 18%
Thursday November 4, 2010, 8:30 am EDT
DALLAS -Denbury Resources Inc. (NYSE:DNR) today announced its third quarter 2010 financial and operating results.
Third quarter 2010 net income was $29.1 million, or $0.07 per basic common share, as compared to net income of $26.9 million, or $0.11 per basic common share in the third quarter of 2009. Third quarter 2010 results included the following unusual or non-cash items:
- non-cash losses on the change in fair value of derivatives of $41.9 million before taxes;
- merger and other related expenses associated with the acquisition of Encore Acquisition Company (�Encore�) of $11.5 million before taxes; and
- a non-cash reduction of depletion, depreciation, and amortization representing the cumulative effect of the Company�s revised accounting policy for CO2 properties of $9.6 million before taxes.
Full News: http://finance.yahoo.com/news/Denbury-Resources-Announces-bw-1515773658.html?x=0&.v=1
Flint Energy Services Ltd. (TSX: FES)
Flint Reports Third Quarter Financial Results
Thu Nov 4, 4:47 PM
CALGARY , Nov. 4 - Flint Energy Services Ltd. ( Flint, the Company) reported its third quarter and nine month financial results after markets closed today.
Highlights:
Revenues for the three month period ending September 30, 2010 were $406.5 million compared to $459.7 million for the same period in 2009. Revenues for the nine month period ending September 30, 2010 were $1,387.0 million compared to $1,414.1 million for the nine month period ending September 30, 2009.
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More info : American Petro-Hunter, Inc. (OTCBB: AAPH)
The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the hunt for domestic petroleum assets. www.americanpetrohunter.com
Company Research http://www.aaphreport.com/
Visit the AAPH showcase profile at InvestorIdeas.com http://www.investorideas.com/CO/AAPH/
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