Domestic Oil and Gas Companies Benefitting from Narrowing Gap Between West Texas Crude and Europe's Brent Crude in 2013
RDInvesting Provides Stock Research on Newfield Exploration and QEP Resources
NEW YORK, NY -- (Marketwire) -- 03/21/13 -- 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 Newfield Exploration Co. (NYSE: NFX) and QEP Resources Inc. (NYSE: QEP).
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 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 www.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.
Newfield Exploration's principal domestic areas of operation include the Mid-Continent, the Rocky Mountains and onshore Texas. For 2013, the company expects total production to range from 44 - 47 million BOE. "We believe that our 2013 investments will result in substantial gains in Newfield's liquids production growth and significant increases in our cash flow into 2014-15," said Lee K. Boothby, Newfield Chairman, President and CEO.
QEP Resources is a leading independent natural gas and crude oil exploration and production company focused in two major regions: the Northern Region (primarily in the Rockies and the Williston Basin) and the Southern Region (primarily Oklahoma, Louisiana, and the Texas Panhandle) of the United States. Shares of the company have gained over 6 percent in the past month.
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:
http://www.rdinvesting.com/disclaimer
Add to DiggBookmark with del.icio.usAdd to Newsvine
