Investorideas.com - Energy Stocks on the Rise; (OTCBB: AAPH), (NYSE: BP), (NYSE: XOM), AMEX OIL INDEX (^XOI) Trading Up
BP (NYSE: BP) Returns to Profit in Third Quarter with Strong Operating Performance
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Point Roberts WA - November 2, 2010 (Investorideas.com Energy Newswire) – www.Investorideas.com reports on energy stocks trading as prices rise.
Energy Stocks Trading Close-Up
AMEX OIL INDEX (^XOI) trading at 1,096.9606, up 14.2112 (1.31%)
Amex Natural Gas Index (^XNG) trading at 556.35, up 6.32 (1.15%)
American Petro-Hunter, Inc. (OTC.BB: AAPH) trading at 0.33, up 0.03 (10.00%)
BP p.l.c. Common Stock (NYSE: BP) trading at $41.42, up 0.65 (1.59%)
Exxon Mobil Corporation Common (NYSE: XOM) trading at $67.92, up 0.97 (1.45%)
Market Summary (at time of this release)
Dow 11,196.97 +72.35 +0.65%
NASDAQ 2,526.48 +21.64 +0.86%
S&P 500 1,192.90 +8.52 +0.72%
10 Yr Bond (%) 2.5920% -0.0360
Oil 83.83 +0.88 +1.06%
Recent Oil Stocks News:
American Petro-Hunter (OTCBB: AAPH) to Commence Fracture Stimulation Program at NOJ26 Well
No.1 Well Stabilizing With Increased Oilcut as Predicted
SCOTTSDALE, AZ - November 1, 2010 (Investorideas.com energy newswire) - American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") is pleased to announce that completion processes have been finalized and down hole fracture operations have commenced with the onset of commercial production anticipated shortly.
The operator has advised that fracture stimulation of the lower oil bearing shale formation will proceed today. The plan was developed based on the results of a core analysis of the 40 foot oil shale pay zone. The analysis identified that the shale should respond favorably to an engineered program well within industry norms for the prevalent conditions.
Full news: http://www.investorideas.com/CO/AAPH/news/11011.asp
BP p.l.c. Common Stock (NYSE: BP) News -
BP Returns to Profit in Third Quarter with Strong Operating Performance
Release date: 02 November 2010
BP announced today that a strong operating performance across the group helped it return to profit in the third quarter of 2010 despite an additional pre-tax charge of $7.7 billion in respect of the Gulf of Mexico spill.
Headline replacement cost profit for the third quarter was $1.8 billion, compared with a loss of $17.0 billion in the previous quarter and a profit of $5.0 billion in the third quarter of 2009.
On an underlying basis, after adjusting for non-operating items, third-quarter replacement cost profit was $5.5 billion, an increase of 18 per cent on the year-ago quarter.
"These results demonstrate that BP is well on track for recovery after the tragic accident on the Deepwater Horizon drilling rig and subsequent oil spill," commented group chief executive Bob Dudley. "We have made good progress during the quarter. This strong operating performance shows the determination of everyone at BP to move the company forward and rebuild confidence after the terrible events of the past six months.
Full news: BP p.l.c. Common Stock (NYSE: BP)
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About 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. Visit us at: www.americanpetrohunter.com
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