Crude Oil Jan 11(NY Mercantile: CLF11.NYM )- Days trading range - $87.00 - $90.76
Point Roberts, WA –December 7, 2010 (Investorideas.com Newswire) - InvestorIdeas.com,
leader in sector research for investors, including energy stocks, reports on recent news and
trading for December 7th , featuring AMEX, NYSE, and Microcap oil and gas stocks .
With oil future prices trading high of $90.76, some analysts see it going to $100. As energy prices
are being watched by investors, Investor Ideas provides a sector snapshot of energy stocks.
Oil and Gas Stocks included in this report; American Petro-hunter Inc (OTCBB: AAPH),
Cougar Oil and Gas Canada Inc. (OTCBB: COUGF), Exxon Mobil Corp (NYSE:XOM),
Patterson-UTI Energy Inc. (NASDAQ:PTEN), Kodiak Oil & Gas Corp. (AMEX:KOG)
Energy Stocks Trading December 7, 2010 (at time of release)
American Petro-Hunter, Inc. (OTC.BB: AAPH) trading at $0.28
Cougar Oil and Gas Canada Inc. (OTCBB: COUGF), trading at $2.53, up 0.04 (1.61%)
Exxon Mobil Corp (NYSE:XOM), trading at $71.94, up 0.63 (0.88%)
Patterson-UTI Energy Inc. (NASDAQ:PTEN), trading at $22.34, up 0.04 (0.18%)
Kodiak Oil & Gas Corp. (AMEX:KOG) trading at $5.59, up 0.22 (3.91%)
Dow 11,423.26 +61.07 +0.54%
Nasdaq 2,612.44 +17.52 +0.68%
S&P 500 1,231.14 +8.02 +0.66%
Oil 88.52 -0.86 -0.96%
Gold 1,405.00 -10.30 -0.73%
Oil and Gas Stocks News and Profiles
Kodiak Oil & Gas Corp. (AMEX:KOG)
Kodiak Oil & Gas Corp. Announces Proposed Public Offering of Common Stock
“Kodiak Oil & Gas Corp. ("Kodiak") today announced that it is commencing an offering of
20,000,000 shares of its common stock in an underwritten public offering. Kodiak expects to grant
the underwriters a 30-day over allotment option to purchase up to an additional 3,000,000 shares
of Kodiak's common stock.
Kodiak intends to use the net proceeds of the offering to repay debt outstanding under its
revolving credit facility, to fund capital expenditures related to drilling, development and
infrastructure, principally in the Bakken play located in North Dakota, and for general corporate
purposes, including financing the potential acquisition of oil and gas properties in certain core
areas, such as the Bakken play.”
Full Article: http://finance.yahoo.com/news/Kodiak-Oil-Gas-Corp-Announces-prnews-
American Petro-hunter Inc (OTCBB: AAPH)
Oil and Gas Stocks Research; Central Valley Has Largest California Oil Find in 35 Years
CFA Commentary on (OTC.BB: AAPH), (NYSE:OXY), (NYSE:BRY), (NASDAQ:BEXP),
“American Petro-Hunter's Sacramento Gas Project is estimated to contain 42 billion cubic feet
of potential recoverable reserves. The gas is found at depths of 7,400 feet in a 50 foot sand
pay zone. Third party engineers think a commercial well on the site could easily achieve initial
production of 5,000 Mcf of gas per day. Output from nearby analog gas fields supports the
expectation of high production rates. These fields currently produce between 2,000 and 4,000
Mcf of gas per day. The close proximity of American Petro-Hunter's prospect to the Union Island,
McMullin Ranch and Vernalis fields also suggest the presence of sizable gas reserves. These
fields are estimated to contain in aggregate over 437 billion cubic feet of natural gas.
American Petro-Hunter (OTC.BB: AAPH) and its partner completed seismic testing at the
Sacramento Gas Project last year and are combining this data with seismic reports purchased
from other engineering firms. The seismic data will be used to identify promising drill targets.
American Petro-Hunter expects to complete drill site selection early next year. Once the drill
site is chosen, preparations for drilling will begin almost immediately. The company plans to
drill a test well to 7,800 feet, which will hopefully confirm the presence of trapped gas already
indicated by the 2D seismic data. Drilling of the test well will likely begin in the summer of 2011.
American Petro-Hunter must wait until the dry summer months to drill because the site is close
to sea level. A total of three wells are planned as part of the drilling program. Assuming gas is
found in commercial quantities, American Petro-Hunter plans to sell its production to groups such
as PG&E Citygate, which supplies natural gas for electric power generation in the Sacramento
region. The company will benefit from California gas prices, which are among the highest in the
country. Current gas prices for PGE-Citygate are around $4.50 per Mcf. “
Full Article: http://www.investorideas.com/CO/AAPH/news/11231.asp
Patterson-UTI Energy Inc. (NASDAQ:PTEN)
Patterson-UTI Energy to Present on December 8, 2010 at the Capital One Southcoast
“PATTERSON-UTI ENERGY, INC. today announced that it will make a presentation on
December 8, 2010 at the Capital One Southcoast Energy Conference in New Orleans.
Representing the Company at the conference will be Douglas J. Wall, President and Chief
Executive Officer and John E. Vollmer III, Chief Financial Officer.
The presentation will be webcast live beginning at approximately 3:00 p.m. Central Time on
December 8, 2010. To access the webcast, go to www.patenergy.com approximately 10 minutes
prior to the scheduled start time. Replay of the webcast will be available through December 22,
2010 at www.patenergy.com.”
Full Article: http://finance.yahoo.com/news/PattersonUTI-Energy-to-prnews-
About Patterson-UTI Energy Inc. (NASDAQ:PTEN):
Patterson-UTI Energy, Inc. subsidiaries primarily provide onshore contract drilling and pressure
pumping services to exploration and production companies in North America. Patterson-UTI
Drilling Company LLC has approximately 350 marketable land-based drilling rigs that operate
primarily in the oil and natural gas producing regions of Texas, New Mexico, Oklahoma,
Arkansas, Louisiana, Mississippi, Colorado, Utah, Wyoming, Montana, North Dakota,
Pennsylvania, West Virginia and western Canada. Universal Well Services, Inc., Universal
Pressure Pumping, Inc. and Universal Wireline, Inc. provide well services primarily in Texas and
the Appalachian region.
Cougar Oil and Gas Canada Inc. (OTCBB: COUGF)
About Cougar Oil and Gas Canada Inc:
Cougar Oil and Gas Canada Inc. (COUGF: BB) is based in Calgary, Alberta, Canada and a
publicly traded oil and gas exploration and production company. The focus is on the exploration
and development of Canadian based onshore oil and gas properties. The current projects
are the Trout light oil production area in north central Alberta, Lucy in the Horn River Basin in
northeast British Columbia and First Nation Joint Venture and area projects located in north
central Alberta. Additional information is at http://www.cougaroilandgascanadainc.com or http://
Exxon Mobil Corp (NYSE:XOM)
About Exxon Mobil Corp (NYSE:XOM):
ExxonMobil Foundation is the primary philanthropic arm of the Exxon Mobil Corporation in the
United States. The Foundation and the Corporation engage in a range of philanthropic activities
that advance education, health and science in the communities where ExxonMobil has significant
operations. In the United States, ExxonMobil supports initiatives to improve math and science
education at the K-12 and higher education levels.
Globally, ExxonMobil provides funding to improve basic education and combat malaria and other
infectious diseases in developing countries. In 2009, together with its employees and retirees,
Exxon Mobil Corporation, its divisions and affiliates, and ExxonMobil Foundation provided $235
million in contributions worldwide, of which more than $98 million was dedicated to education.
Additional information on ExxonMobil’s community partnerships and contributions programs is
available at www.exxonmobil.com/community.
About American Petro-Hunter, Inc.
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:
Visit the AAPH showcase profile at Investorideas.com
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