Oil and Gas Stocks Worth Watching as OPEC Production Cuts Fuel Positive Outlook

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Oil and Gas Stocks Worth Watching as OPEC Production Cuts Fuel Positive Outlook

PR Newswire

PALM BEACH, Florida, February 9, 2017 /PRNewswire/ --

With the recent activity of OPEC production cuts of 1.14 million bpd (compared to eventual planned cuts of 1.2 million bpd) coupled with President Trump's revival of pipeline projects are contributing to Oil & Gas Industry's positive outlook in 2017. Production from American shale oil producers appears poised to increase over the next 24 months while Oil production in the Gulf of Mexico recently reached record levels, and several companies have opened new areas of production this year. Although there is a tendency among investors to consider well-known names during an upturn simply because it is the easiest route, there are plenty of emerging Oil & Gas companies worth the look today as optimism for the future builds. Oil and Gas companies with recent developments in the industry include: Petro River Oil Corp. (OTC: PTRC), PBF Energy Inc. (NYSE: PBF), Whiting Petroleum Corporation (NYSE: WLL), Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) and SeaDrill Limited (NYSE: SDRL)

Petro River Oil Corp. (OTC: PTRC), an independent oil and gas exploration company utilizing the latest 3-D seismic technology, announced this week that recently acquired and re-processed 3-D seismic data has shown positive results in three of the Company's project areas located in California and Oklahoma. Given these positive results, the Company now intends to move forward with drilling four wells on these three core assets during the second quarter of this year.

Stephen Brunner, President of Petro River and a member of the Board of Managers of Horizon Energy commented, "The 3-D seismic surveys have allowed Petro River to confirm viable prospects in three of our active project areas. This data improves our understanding of structure, trap type and reservoir characteristics enabling our exploration effort to move forward with more precision and lower exploration risks. If any of the initial wells are successful, numerous additional opportunities for reserve additions and substantial production will be available to Petro River."

Read the full summary of Petro River's three core projects that were subject to the 3-D seismic mapping at http://marketnewsupdates.com/news/ptrc.html

In other industry related performances and developments: 

PBF Energy Inc. (NYSE: PBF) closed up at $24.36 on Wednesday trading over 3.6 Million shares by the market close. PBF Energy Inc., together with its subsidiaries, engages in the refining and supply of petroleum products. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.

Whiting Petroleum Corporation (NYSE: WLL) closed up at $10.69 on Wednesday trading over 11.7 million shares by the market close. Whiting Petroleum Corporation (NYSE:WLL) will release its fourth quarter 2016 financial and operating results on Tuesday, February 21, 2017 after the market closes. A conference call with investors, analysts and other interested parties is scheduled for 11:00 a.m. EST (10:00 a.m. CST, 9:00 a.m. MST) on Wednesday, February 22, 2017 to discuss Whiting's fourth quarter 2016 financial and operating results. Participants are encouraged to pre-register for the conference call by clicking on the following link: http://dpregister.com/10097021. Callers who pre-register will be given a unique telephone number and PIN to gain immediate access on the day of the call.

Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) closed up on Wednesday at $10.24 trading over 25.3 Million shares by the market close. Petróleo Brasileiro S.A. -– Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.

SeaDrill Limited (NYSE: SDRL) closed down at $1.68 on Wednesday trading over 20 Million shares by the market close. Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells.

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated three thousand nine hundred dollars for coverage of the current commentary covering issued by Petro River Oil by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

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SOURCE Marketnewsupdates.com

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