Yahoo Finance Pre-Market Analysis on NBR, NE, PGH, and VTG
StockCall.com Provides Stock Research on Nabors Industries Ltd., Noble Corp., Pengrowth Energy Corp., and Vantage Drilling Co.
New York City, New York -- (June 11, 2013)
In its monthly oil report, last month, the International Energy Agency (IEA) highlighted the fact that the increase in North American oil production has created a supply shock in the global oil market. The increase in North American oil production is being driven by mainly by the shale boom in the U.S. The IEA believes that the supply shock created by an increase in the North American oil production will be as transformative to the market over the next five years as was the rise of oil demand from China over the last 15 years. On Monday, June 10, 2013, shares in U.S. oil and gas companies ended mostly lower as the broad market struggled for direction amid speculation over the longevity of Federal Reserve’s bond buying program. The major movers in the sector included Nabors Industries Ltd. (NYSE:NBR - News), Noble Corporation (NYSE:NE - News), Pengrowth Energy Corp. (USA) (NYSE:PGH - News), and Vantage Drilling Company (AMEX:VTG - News). StockCall has posted free technicalresearch on NBR, NE, PGH, and VTG which can be downloaded upon sign up at
Shares in Nabors Industries Ltd. ended slightly lower on Monday, reversing some of their recent gains. The company’s shares traded between $16.40 and $16.74 before finishing the day 0.60% lower at $16.59. A total of 2.41 million shares were traded which is well below the daily average volume of 3.84 million. However, despite the pullback, shares of NBR have grown over 2.20% in the last three sessions. So far this year, the stock has gained nearly 15.40% which is in-line with the performance of the S&P 500. Shares are currently trading 8.59% below their 52-week high. Sign up and read the complimentary report on NBR at
www.StockCall.com/NBR061113.pdf
Noble Corporation’s stock slipped on Monday as the broader market struggled for direction. The company’s shares traded between $38.76 and $39.49 before finishing the day 0.84% lower at $38.90. A total of 1.84 million shares were traded which is significantly below the daily average volume of 3.07 million. So far in 2013 year, NE has gained nearly 12.50%, underperforming the S&P 500. Shares of the company are currently trading above their 50- and 200-day moving averages. It currently faces stiff resistance at around $39.50. The free report on NE can be downloaded by signing up now at
www.StockCall.com/NE061113.pdf
Shares on Pengrowth Energy Corp. moved higher on Monday, June 10, 2013, even as the broader market ended on a mixed note. Shares of the company hit an intraday high of $5.23 before finishing the day 0.77% higher at $5.22. A total of 1.10 million shares were traded yesterday which is below the daily average volume of 1.62 million. However, despite the growth in its most recent session, shares of PGH are down nearly 0.40% in the last three sessions. So far this year, the stock has grown nearly 9.50%, but it still underperformed the S&P 500. Free report on PGH can be accessed by registering at
www.StockCall.com/PGH061113.pdf
Vantage Drilling Company rose on Monday, extending its gains from previous sessions. Shares of the company ended the day 0.51% higher at $1.97 which was also their intraday high. A total of 935,385 shares were traded which is below the daily average volume of 1.08 million. The stock has gained nearly 3.70% in the last three sessions. Since the start of the year, the company’s shares have grown nearly 7.70% but still underperformed the S&P 500. The stock is currently trading 2.48% below its 52-week high.Register withStockCall and download the research on VTG for free at
www.StockCall.com/VTG061113.pdf
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