Wall Street Fundamentals Releases New In-Depth Stock Reports on BBG, CNQ, FST and NBR

Oil prices reached a new 2014 high as forecasts for cold weather have boosted demand for heating-related fuels. WTI for March delivery closed at $103.31 a barrel on the New York Mercantile Exchange, the highest seen since October 8th. "At the margin, weather is driving demand for heating-related fuels," said Tim Evans, an analyst at Citigroup. "This is a market that really does look physically tight." Additionally, a survey conducted from Bloomberg forecasts inventories at Cushing, Oklahoma to drop for the third consecutive week. Here is how some Oil & Gas stocks reacted Wednesday:

Bill Barrett Corporation (NYSE:BBG - News) shares traded in the range of $24.20 to $25.42 Wednesday before settling to close at $24.90, an increase of 1.88 percent. The stock appears to be facing some resistance at the $25.05 and $25.39 levels with some support at $24.26 and $22.26. Shares of Bill Barrett have fallen approximately 7.0 percent year-to-date.

More information on Bill Barrett and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BBG

Canadian Natural Resource Ltd. (NYSE:CNQ - News)(TSX:CNQ.TO - News) shares traded in the range of $36.22 to $37.53 Wednesday before settling to close at $36.69, an increase of 2.57 percent. The stock appears to have some support at the $36.22, $33.84 and $33.52 levels. Shares of Canadian Natural Resource have gained approximately 8.0 percent year-to-date.

More information on Canadian Natural Resource and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CNQ

Forest Oil Corporation (NYSE:FST - News) shares traded in the range of $3.07 to $3.26 Wednesday before settling to close at $3.22, an increase of 4.21 percent. The stock appears to be facing some resistance at the $3.49 and $3.87 levels with some support at $3.05 and $2.69. Shares of Forest Oil have fallen approximately 15.0 percent year-to-date.

More information on Forest Oil and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FST

Nabors Industries Ltd. (NYSE:NBR - News) shares traded in the range of $19.11 to $21.27 Wednesday before settling to close at $21.15, an increase of 13.34 percent. The stock appears to have some support at the $19.14, $18.14 and $17.85 levels. Shares of Nabors Industries have gained approximately 25.0 percent year-to-date.

More information on Nabors Industries and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NBR

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

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