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	<title>Stock Blog Hub &#187; Independent Oil &amp; Gas</title>
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		<title>(KWK) Quicksilver&#8217;s Horn River Basin Tests Positive</title>
		<link>http://www.stockbloghub.com/2009/09/24/kwk-quicksilvers-horn-river-basin-tests-positive/15981</link>
		<comments>http://www.stockbloghub.com/2009/09/24/kwk-quicksilvers-horn-river-basin-tests-positive/15981#comments</comments>
		<pubDate>Thu, 24 Sep 2009 20:46:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[KWK]]></category>
		<category><![CDATA[Quicksilver Resources Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15981</guid>
		<description><![CDATA[Quicksilver Resources (KWK) recently tested its first completed well in the Horn River Basin in Northeast British Columbia. The well had an initial production rate of 13 million cubic feet per day and averaged 10 million cubic feet per day during the first month of production. The D-50A well was drilled into the Muskwa shale formation with nearly 3,500 feet of lateral and 10 stages of fracture stimulation. A permanent sales line connects the well to the Spectra pipeline in Fort Nelson. Initial results have raised hopes for a part of Quicksilver&#8217;s Horn River Basin assets, which cover 127,000 net contiguous acres. Management sees potential for multiple trillion cubic feet of recoverable natural gas resources in this acreage position. Initial drilling results have confirmed more than 500 feet of net ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/24/kwk-quicksilvers-horn-river-basin-tests-positive/15981/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(XTO) Natural Gas Inventory Builds at Slower Pace</title>
		<link>http://www.stockbloghub.com/2009/09/18/xto-natural-gas-inventory-builds-at-slower-pace/15628</link>
		<comments>http://www.stockbloghub.com/2009/09/18/xto-natural-gas-inventory-builds-at-slower-pace/15628#comments</comments>
		<pubDate>Fri, 18 Sep 2009 23:41:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Devon Energy Corporation]]></category>
		<category><![CDATA[DVN]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15628</guid>
		<description><![CDATA[Yesterday, we received a mildly positive report from the federal government’s Energy Information Administration (EIA), showing a less-than-expected rise in natural gas supplies. Stockpiles held in underground storage in the lower 48 states rose by 66 billion cubic feet (Bcf) for the week ended September 11. This takes the current storage level to 3.46 trillion cubic feet (Tcf), which is up 16.7% from last year&#8217;s level and 16.4% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 496 Bcf above last year’s level and 487 Bcf above the five-year average. The inventory addition was lower than the five-year-average injection of 82 Bcf but slightly exceeded last year&#8217;s build of 65 Bcf. Overall, the relentless increase in gas storage levels continue to add to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/18/xto-natural-gas-inventory-builds-at-slower-pace/15628/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EPD) Enterprise Products Partners Inks New Contract</title>
		<link>http://www.stockbloghub.com/2009/09/17/enterprise-products-partners-inks-new-contract/15435</link>
		<comments>http://www.stockbloghub.com/2009/09/17/enterprise-products-partners-inks-new-contract/15435#comments</comments>
		<pubDate>Thu, 17 Sep 2009 19:03:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Enterprise Products Partners Lp]]></category>
		<category><![CDATA[EPD]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15435</guid>
		<description><![CDATA[Yesterday, Enterprise Products Partners L.P. (EPD) signed a long-term agreement with one of the largest and most active producers in the developing Eagle Ford Shale play in South Texas to provide natural gas transportation and processing services. The agreement covers more than 150,000 acres in the heart of the Eagle Ford Shale play. The partnership’s integrated network of energy infrastructure in the region is strategically positioned and well suited to accommodate the Eagle Ford Shale&#8217;s extremely NGL-rich (Natural Gas Liquids) gas. The proximity of the partnership’s infrastructure to this shale play will require only modest capital expenditures for the partnership to start providing services under the agreement. The agreement reflects the partnership’s initiative for strengthening long-term position in the shale plays. Enterprise’s pipeline of growth opportunities is one of the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/17/enterprise-products-partners-inks-new-contract/15435/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(APC) Anadarko Petroleum Finds Oil Offshore Sierra Leone</title>
		<link>http://www.stockbloghub.com/2009/09/17/apc-anadarko-petroleum-finds-oil-offshore-sierra-leone/15467</link>
		<comments>http://www.stockbloghub.com/2009/09/17/apc-anadarko-petroleum-finds-oil-offshore-sierra-leone/15467#comments</comments>
		<pubDate>Thu, 17 Sep 2009 18:31:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Anadarko Petroleum Corp]]></category>
		<category><![CDATA[APC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15467</guid>
		<description><![CDATA[Anadarko Petroleum (APC) has made a new deepwater discovery at the Venus exploration well in block SL 6/07 offshore Sierra Leone. The well was drilled to a total depth of nearly 18,500 feet in about 5,900 feet of water and found over 45 net feet of hydrocarbon pay. Anadarko operates the Venus well with a 40% working interest. Woodside and Repsol each owns 25% interest and Tullow holds the remaining 10%. Anadarko has a significant acreage position in West Africa across 10 blocks offshore Sierra Leone, Liberia, Cote d’Ivoire and Ghana. The Venus discovery validates the huge potential of the region. Anadarko and its partners are currently appraising the preliminary outcome of the test and the future plan for the well. They expect further drilling in the area. Investors cheered ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/17/apc-anadarko-petroleum-finds-oil-offshore-sierra-leone/15467/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>SunTrust Banks To Repay TARP Loan</title>
		<link>http://www.stockbloghub.com/2009/09/17/suntrust-banks-to-repay-tarp-loan/15425</link>
		<comments>http://www.stockbloghub.com/2009/09/17/suntrust-banks-to-repay-tarp-loan/15425#comments</comments>
		<pubDate>Thu, 17 Sep 2009 17:56:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Capital One Financial Corp.]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Cnooc Ltd]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15425</guid>
		<description><![CDATA[The Chief Executive Officer [CEO] of SunTrust Banks Inc. (STI) said on Tuesday that the bank will repay the fund it received for its participation in the Troubled Asset Relief Program (TARP) as soon as it gets the regulator’s permission. The CEO also added that the credit condition of the bank is achieving stability. SunTrust has received $4.9 billion as part of the government&#8217;s $700 billion bailout program. The bank now sees the bailout money as expensive debt rather than equity as it pays an 8% dividend on the preferred shares it sold to the U.S. government. Government regulators will probably want to see the credit condition of the bank before permitting it to repay the bailout money as the stress test projected that SunTrust&#8217;s loan losses could reach $11.8 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/17/suntrust-banks-to-repay-tarp-loan/15425/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) Sinopec&#8217;s New Pipeline Operational</title>
		<link>http://www.stockbloghub.com/2009/09/15/snp-sinopecs-new-pipeline-operational/15173</link>
		<comments>http://www.stockbloghub.com/2009/09/15/snp-sinopecs-new-pipeline-operational/15173#comments</comments>
		<pubDate>Tue, 15 Sep 2009 17:26:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15173</guid>
		<description><![CDATA[China’s largest refiner and marketer of refined petroleum products – China Petroleum and Chemical Corp. (SNP), also known as Sinopec – recently announced that it has started the operation of a pipeline in southwestern China. It is a 323-kilometer oil products pipeline, which will ease local oil products supplies and also strengthen Sinopec&#8217;s presence in the region. The pipeline has a designated capacity to transport 2.9 million tons of oil a year and is expected to reduce the company’s costs in supplying fuel in the region. It runs within the Yunnan province, from Kunming (the capital city of the province) to Dali city. The Yunnan province has traditionally been in Sinopec’s radar. While we view this operational achievement as a positive for the company, we are also concerned about the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/15/snp-sinopecs-new-pipeline-operational/15173/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ECA) EnCana Corporation to Split Oil &amp; Gas Concerns</title>
		<link>http://www.stockbloghub.com/2009/09/11/eca-encana-corporation-to-split-oil-gas-concerns/14975</link>
		<comments>http://www.stockbloghub.com/2009/09/11/eca-encana-corporation-to-split-oil-gas-concerns/14975#comments</comments>
		<pubDate>Fri, 11 Sep 2009 23:22:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14975</guid>
		<description><![CDATA[EnCana Corporation (ECA) proceeds with its plan to split into two independent energy companies – one focused on natural gas and the other on integrated oil businesses. The natural gas-focused company and the integrated oil company will be named EnCana (GasCo) and Cenovus Energy Inc., respectively. This is a tax-free transaction from both the corporate and shareholder perspectives. EnCana (GasCo) will look after the lucrative portfolio of prolific shale and other gas resource plays across the North America, while Cenovus Energy Inc. will have the oil production and refinery business. The transaction is expected to close on November 30. EnCana had originally proposed the corporate reorganization in May 2008. Due to the high level of overall market uncertainty, the company had delayed the plan. The company believes that the conditions ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/11/eca-encana-corporation-to-split-oil-gas-concerns/14975/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(XTO) Natural Gas Inventories Rise Less Than Expected</title>
		<link>http://www.stockbloghub.com/2009/09/11/xto-natural-gas-inventories-rise-less-than-expected/14970</link>
		<comments>http://www.stockbloghub.com/2009/09/11/xto-natural-gas-inventories-rise-less-than-expected/14970#comments</comments>
		<pubDate>Fri, 11 Sep 2009 21:46:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14970</guid>
		<description><![CDATA[In its weekly release yesterday, the Energy Information Administration (EIA) reported a less-than-expected 69 billion cubic feet (Bcf) weekly addition to natural gas stockpiles for the week ended September 4. This takes the current storage level to 3.39 trillion cubic feet (Tcf), which is up 17.1% from last year&#8217;s level and 17.4% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 495 Bcf above last year’s level and 503 Bcf above the five-year average. The inventory addition was higher than last year&#8217;s build of 63 Bcf and the five-year-average injection of 67 Bcf. The relentless increase in gas storage levels continue to add to the long list of issues weighing on the commodity. At this pace, inventories are on course to surpass the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/11/xto-natural-gas-inventories-rise-less-than-expected/14970/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(APA) EnCana Corporation Shale Plays Bode Well</title>
		<link>http://www.stockbloghub.com/2009/09/10/apa-encana-corporation-shale-plays-bode-well/14844</link>
		<comments>http://www.stockbloghub.com/2009/09/10/apa-encana-corporation-shale-plays-bode-well/14844#comments</comments>
		<pubDate>Thu, 10 Sep 2009 21:27:43 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[APA]]></category>
		<category><![CDATA[Apache Corporation]]></category>
		<category><![CDATA[Devon Energy Corporation]]></category>
		<category><![CDATA[DVN]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14844</guid>
		<description><![CDATA[EnCana Corporation (ECA) has recently said that a significant exposure to the Horn River shale play (in a remote corner of northern British Columbia) should add substantial value to the company in the future. This shale play could hold as much as 500 trillion cubic feet (Tcf) of natural gas. The Horn River shale play ranks among the largest gas finds in North America as exploration in the region firms up its potential. It is the third largest shale play after Marcellus and Haynesville, having 1,500 Tcf and 717 Tcf of gas, respectively. With partners such as Apache Corporation (APA), EOG Resources (EOG) and Devon Energy Corporation (DVN), the Horn River shale play has revolutionized North America’s natural gas industry. EnCana has built considerable land positions in different emerging shale ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/10/apa-encana-corporation-shale-plays-bode-well/14844/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(PXP) Plains Exploration &amp; Production Consensus Estimate Soars</title>
		<link>http://www.stockbloghub.com/2009/09/10/pxp-plains-exploration-production-consensus-estimate-soars/14817</link>
		<comments>http://www.stockbloghub.com/2009/09/10/pxp-plains-exploration-production-consensus-estimate-soars/14817#comments</comments>
		<pubDate>Thu, 10 Sep 2009 21:26:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14817</guid>
		<description><![CDATA[Plains Exploration &#38; Production Company (PXP) is seeing production volumes pick up in the Haynesville Shale even as crude and natural gas prices remain far below 2008 prices. The company trades with a forward P/E of 9.02. Company Description Plains Exploration &#38; Production is an independent oil and natural gas company with operations in California, the Rockies, the Gulf Coast, the Gulf of Mexico, the Texas Panhandle, South Texas, the Permian Basin of the United States and offshore Vietnam. On Sep 8, the company announced it had completed the sale of $400 million of 8.625% Senior Notes that will mature Oct 15, 2019. The notes were sold to the public at 98.335% of the face value to yield 8.875% to maturity. Plains expects to use the money for general purposes ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/10/pxp-plains-exploration-production-consensus-estimate-soars/14817/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>(PXP) Plains Exploration &amp; Production on Fund Raising Spree</title>
		<link>http://www.stockbloghub.com/2009/09/09/chk-plains-exploration-production-on-fund-raising-spree/14704</link>
		<comments>http://www.stockbloghub.com/2009/09/09/chk-plains-exploration-production-on-fund-raising-spree/14704#comments</comments>
		<pubDate>Wed, 09 Sep 2009 21:48:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14704</guid>
		<description><![CDATA[Plains Exploration &#38; Production (PXP) has recently issued $400 million of 8.625% coupon bearing senior notes at 98.335% of the face value. The notes are due on October 15, 2019 and yield 8.875% to maturity based upon the initial offering price. Last month, it raised around $397 million by offering 17.25 million shares to public. PXP intends to utilize the proceeds for general corporate purposes Incorporatedluding funding a part of $1.1 billion payment due under the joint venture agreement signed with Chesapeake Energy (CHK) for sharing drilling and completion costs of Haynesville Shale wells. PXP management remains focused on maintaining a strong balance sheet, keeping it financially flexible and adequately liquid. It ended the second quarter of 2009 with nearly $455.8 million of cash and $1.34 billion under its senior ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/09/chk-plains-exploration-production-on-fund-raising-spree/14704/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STR) Questar Gas Asks for Rate Decrease</title>
		<link>http://www.stockbloghub.com/2009/09/08/str-questar-gas-asks-for-rate-decrease/14593</link>
		<comments>http://www.stockbloghub.com/2009/09/08/str-questar-gas-asks-for-rate-decrease/14593#comments</comments>
		<pubDate>Tue, 08 Sep 2009 23:31:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Questar Corporation]]></category>
		<category><![CDATA[STR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14593</guid>
		<description><![CDATA[Last week, Questar Gas &#8212; the retail gas distribution subsidiary of Questar Corporation (STR) &#8212; asked the Public Service Commission of Utah to allow it to reduce natural gas rates by a total $6.7 million (or about one-half of one percent). If approved by the state&#8217;s top utility regulator, the rate cut will lower the typical Utahn’s annual bill by about $3.50 starting Oct. 1. The latest proposal by Questar Gas (the utility that provides most Utahns with natural gas) follows earlier reductions of 6% in November 2008 and 16% in May 2009, thereby considerably easing the fuel burden on the state’s population this winter. Management cited lower natural gas costs as the reason for seeking the rate decrease. Questar Gas is making the request as part of its ‘pass-through’ ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/08/str-questar-gas-asks-for-rate-decrease/14593/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(NBL) Noble Energy Stays Neutral</title>
		<link>http://www.stockbloghub.com/2009/09/08/nbl-noble-energy-stays-neutral/14609</link>
		<comments>http://www.stockbloghub.com/2009/09/08/nbl-noble-energy-stays-neutral/14609#comments</comments>
		<pubDate>Tue, 08 Sep 2009 23:12:58 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[NBL]]></category>
		<category><![CDATA[Noble Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14609</guid>
		<description><![CDATA[Texas-based Noble Energy (NBL) is an independent oil and gas exploration and production (E&#38;P) company with high-grade hydrocarbon assets across the U.S. and several international locations. The low-risk development projects of the company balance its high-impact exploration opportunities. In the U.S., the onshore assets provide stable performance and the offshore assets in the deepwater Gulf of Mexico offer significant growth opportunities over medium to long-term. Noble&#8217;s international operations &#8211; with core positions in Equatorial Guinea and Israel &#8211; are a source of low-cost, long-term production base; they do not require huge maintenance capital and diversify the overall portfolio. Noble maintains a disciplined investment approach and a strong balance sheet with sufficient liquidity and financial flexibility. It has been sensibly allocating resources to long-term development projects, which are vital for its ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/08/nbl-noble-energy-stays-neutral/14609/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>($XTO) Natural Gas Stockpiles Expand</title>
		<link>http://www.stockbloghub.com/2009/09/04/xto-natural-gas-stockpiles-expand/14447</link>
		<comments>http://www.stockbloghub.com/2009/09/04/xto-natural-gas-stockpiles-expand/14447#comments</comments>
		<pubDate>Fri, 04 Sep 2009 23:36:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14447</guid>
		<description><![CDATA[Yesterday, in its weekly release, the federal government’s Energy Information Administration (EIA) reported another rise in natural gas supplies. Stockpiles held in underground storage in the lower 48 states rose by 65 billion cubic feet (Bcf) for the week ended August 28. This takes the current storage level to 3.32 trillion cubic feet (Tcf), which is up 17.3% from last year&#8217;s level and 17.8% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 489 Bcf above last year and 501 Bcf above the five-year average. The inventory addition was smaller than last year&#8217;s build of 92 Bcf but exceeded the five-year-average injection of 64 Bcf. The relentless increase in gas storage levels continue to add to the long list of issues weighing on ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/04/xto-natural-gas-stockpiles-expand/14447/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(SU) Suncor Energy to Exceed Targets</title>
		<link>http://www.stockbloghub.com/2009/09/04/su-suncor-energy-to-exceed-targets/14478</link>
		<comments>http://www.stockbloghub.com/2009/09/04/su-suncor-energy-to-exceed-targets/14478#comments</comments>
		<pubDate>Fri, 04 Sep 2009 22:20:59 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[SU]]></category>
		<category><![CDATA[Suncor Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14478</guid>
		<description><![CDATA[One month after the closure of Suncor Energy’s (SU) merger with Petro-Canada, the combined entity is on course to achieve the planned annual reductions of $300 million in operating costs and $1 billion in capex. Even the company is expecting to exceed the operating and capital efficiency targets going forward leveraging the economies of scale and the integrated supply chain. Suncor Energy merged with Petro-Canada last month to form the largest energy company of Canada. The combined entity, continuing business as Suncor Energy, presently has production capacity of nearly 710 thousand barrels of oil equivalent (BOE) per day, around 7.5 billion BOE of proved and probable reserves and an additional 19 BOE of contingent resources. Suncor Energy expects to reduce its work force by nearly 1,000 people by the middle ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/04/su-suncor-energy-to-exceed-targets/14478/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>($SNP) China Boosts Gas and Diesel Prices</title>
		<link>http://www.stockbloghub.com/2009/09/02/snp-china-boosts-gas-and-diesel-prices/14276</link>
		<comments>http://www.stockbloghub.com/2009/09/02/snp-china-boosts-gas-and-diesel-prices/14276#comments</comments>
		<pubDate>Thu, 03 Sep 2009 01:23:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14276</guid>
		<description><![CDATA[The National Development and Reform Commission of China said that the government will increase both gasoline and diesel prices, effective today. Both the prices will increase by 300 yuan ($43.98) a metric ton, representing approximately 4%–5% over current average gasoline and diesel retail ceiling benchmarks of yuan 7,310 ($1,072) and yuan 6,570 ($963) a ton. This is the sixth fuel price adjustment made this year after the government brought the new fuel pricing system which links domestic rates with the international crude oil price changes. The Chinese government’s initiative to raise the ceiling on refined product prices is a welcome development for refiners. Refiners in China had been witnessing a weakness in refining margins due to an increase in crude prices and the government’s conservative role in refined product (particularly ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/02/snp-china-boosts-gas-and-diesel-prices/14276/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>($XTO) EIA-Reported Supply Glut Pressuring Natural Gas</title>
		<link>http://www.stockbloghub.com/2009/08/28/xto-eia-reported-supply-glut-pressuring-natural-gas/13790</link>
		<comments>http://www.stockbloghub.com/2009/08/28/xto-eia-reported-supply-glut-pressuring-natural-gas/13790#comments</comments>
		<pubDate>Fri, 28 Aug 2009 23:17:02 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13790</guid>
		<description><![CDATA[In its weekly release yesterday, the Energy Information Administration (EIA) reported a bigger-than-expected 54 billion cubic feet (Bcf) weekly addition to natural gas stockpiles for the week ended August 21. This takes the current storage level to 3.26 trillion cubic feet (Tcf), which is up 18.8% from last year&#8217;s level and 18.1% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 516 Bcf above this last year and 500 Bcf above the five-year average. The build was smaller than last year&#8217;s 100 Bcf build and the five-year-average injection of 67 Bcf. However, the relentless increase in gas storage levels continue to add to the long list of issues weighing on the commodity. Natural gas prices rallied earlier last year, reaching over $13 per ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/28/xto-eia-reported-supply-glut-pressuring-natural-gas/13790/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(NFX) Newfield Exploration to Scale Back Production</title>
		<link>http://www.stockbloghub.com/2009/08/27/nfx-newfield-exploration-to-scale-back-production/13561</link>
		<comments>http://www.stockbloghub.com/2009/08/27/nfx-newfield-exploration-to-scale-back-production/13561#comments</comments>
		<pubDate>Thu, 27 Aug 2009 20:05:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Newfield Exploration Company]]></category>
		<category><![CDATA[NFX]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13561</guid>
		<description><![CDATA[Recently, Newfield Exploration Co. (NFX) – an independent energy firm – announced plans to cut back its third quarter natural gas production by about 2.5 billion cubic feet equivalent (Bcfe), on wells in the company&#8217;s Mid-Continent division. The curtailments (roughly 4% of the company’s production guidance of 62.9–70.0 Bcfe) are in response to current low natural gas prices. Newfield, however, maintained its 2009 production guidance of 250–260 Bcfe, a 6% to 10% increase over 2008 production of approximately 236 Bcfe In recent months, natural gas prices have remained weak as a result of recession-related reduction in demand and abundant U.S. production. Prices rallied earlier last year, reaching over $13 per million Btu (MMBtu) in July 2008, before trending down. They have since dropped sharply to the current level of $3.02 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/27/nfx-newfield-exploration-to-scale-back-production/13561/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>(CEO) CNOOC Maintains its Outperform Rating</title>
		<link>http://www.stockbloghub.com/2009/08/26/ceo-cnooc-maintains-its-outperform-rating/13489</link>
		<comments>http://www.stockbloghub.com/2009/08/26/ceo-cnooc-maintains-its-outperform-rating/13489#comments</comments>
		<pubDate>Wed, 26 Aug 2009 20:59:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[Cnooc Ltd]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13489</guid>
		<description><![CDATA[Earlier today, CNOOC Ltd. (CEO) reported results for the six months ended June 30. Net income for the period was 12.4 billion yuan ($1.82 billion), down 55% from 27.54 billion yuan ($3.9 billion) a year earlier. The steep fall in net income was primarily due to significantly lower oil prices despite excellent production performance. The average realized oil and gas prices for the period were $49.35 per barrel and $3.90 per thousand cubic feet, respectively. During the first half, the company’s crude oil and natural gas production reached 87.3 million barrels and 106.3 billion cubic feet, respectively. Total net oil and gas production reached 105.8 million barrels-of-oil-equivalent (BOE), up 15.2% year over year. Net oil and gas production from overseas reached 15.0 million BOE, up 38.9% year over year. CEO’s ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/26/ceo-cnooc-maintains-its-outperform-rating/13489/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>(APA) Apache Corporation Inks Egypt Energy Deals</title>
		<link>http://www.stockbloghub.com/2009/08/25/apache-corporation-inks-egypt-energy-deals/13288</link>
		<comments>http://www.stockbloghub.com/2009/08/25/apache-corporation-inks-egypt-energy-deals/13288#comments</comments>
		<pubDate>Tue, 25 Aug 2009 21:18:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[APA]]></category>
		<category><![CDATA[Apache Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13288</guid>
		<description><![CDATA[Last week, Egypt’s Oil Ministry said that the country has signed three oil and gas exploration agreements with U.S. energy company Apache Corporation (APA). The deals, which involve digging a total of 14 wells in three areas of Egypt’s Western Desert, are valued at $30 million. Apache would work in partnership with state-run Egyptian General Petroleum Corporation (EGPC) and Egyptian energy firm Tharwa Petroleum Company. The first of the agreements is worth $15 million and calls for Apache to drill six oil and gas wells in Western Desert’s Siwa Oasis. The second and third deals are valued at $7.5 million each and entail digging four wells in Gharb Ghazalat and another four in Saloum, both in the Western Desert. We believe that the latest initiatives, if successful, will boost Apache’s ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/25/apache-corporation-inks-egypt-energy-deals/13288/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(DVN) Devon Energy Recommendation Stays Neutral</title>
		<link>http://www.stockbloghub.com/2009/08/25/dvn-devon-energy-recommendation-stays-neutral/13347</link>
		<comments>http://www.stockbloghub.com/2009/08/25/dvn-devon-energy-recommendation-stays-neutral/13347#comments</comments>
		<pubDate>Tue, 25 Aug 2009 20:28:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Devon Energy Corporation]]></category>
		<category><![CDATA[DVN]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13347</guid>
		<description><![CDATA[Oklahoma-based Devon Energy (DVN) is a leading independent oil and gas company in the U.S. Its deep and diversified portfolio, primarily comprising unconventional resources, reflects significant long-term growth potential. The company dedicates a substantial part of its capex budget to low-risk development projects in its vast North American assets which provide reliable and repeatable production reserves. Devon’s marketing and midstream operations, largely located in the vicinity of its core onshore operations in the U.S. and western Canada, complement its E&#38;P business. The unit collects, processes and markets oil, gas and NGL. It also improves margin by maximizing realized prices and optimizing costs. Devon has shown financial discipline by prudently managing its balance sheet and predominately living within generated cash flows. However, we see the current constrained commodity environment to continue ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/25/dvn-devon-energy-recommendation-stays-neutral/13347/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(SNP) Sinopec Reports Steady Growth in Oil and Gas Volumes</title>
		<link>http://www.stockbloghub.com/2009/08/24/snp-sinopec-reports-steady-growth-in-oil-and-gas-volumes/13199</link>
		<comments>http://www.stockbloghub.com/2009/08/24/snp-sinopec-reports-steady-growth-in-oil-and-gas-volumes/13199#comments</comments>
		<pubDate>Mon, 24 Aug 2009 21:21:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13199</guid>
		<description><![CDATA[Sinopec (SNP) recently reported results for the six months ended June 30. Net income for the period increased significantly from the year-earlier level to RMB 33.2 billion ($4.87 billion). The positive results reflect a steady growth in oil and gas volumes and profit from the refining business. Sinopec’s crude oil production during the period rose nearly 1.2% year over year, while natural gas volumes dropped 1.1% from the year-earlier period. The company’s refining business recorded crude oil processing volumes of 86.9 million tons (a 1.8% year over year increase) and production output of refined oil products of 54.0 million tons (a 3.5% increase from the year-ago quarter). Marketing and Distribution segment’s sales and retail volume of refined oil products decreased 8.4% and 12.8% year over year, respectively. The company’s Chemicals ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/24/snp-sinopec-reports-steady-growth-in-oil-and-gas-volumes/13199/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(XTO) Natural Gas Continues to Build</title>
		<link>http://www.stockbloghub.com/2009/08/21/xto-natural-gas-continues-to-build/13073</link>
		<comments>http://www.stockbloghub.com/2009/08/21/xto-natural-gas-continues-to-build/13073#comments</comments>
		<pubDate>Fri, 21 Aug 2009 17:30:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13073</guid>
		<description><![CDATA[Yesterday, in its weekly report, the Energy Information Administration (EIA) said that natural gas inventories for the latest week came towards the lower end of expectations. Stockpiles held in underground storage in the lower 48 states rose by 52 billion cubic feet (Bcf) to about 3.20 trillion cubic feet (Tcf) for the week ended August 14. The data also showed that inventory levels were 19% above the five-year average of about 2.69 Tcf, and 21% above last year&#8217;s storage level of about 2.64 Tcf (as clear from the following EIA chart). The build was smaller than last year&#8217;s 82 Bcf build and the five-year-average injection of 56 Bcf. However, the relentless increase in gas storage levels continue to add to the long list of issues weighing on the commodity. Natural ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/21/xto-natural-gas-continues-to-build/13073/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(DVN) Devon Energy Earnings Surprise &#8211; EPS of 85 cents surpassed estimates by 49%</title>
		<link>http://www.stockbloghub.com/2009/08/20/devon-energy-earnings-surprise-eps-of-85-cents-surpassed-estimates-by-49/12924</link>
		<comments>http://www.stockbloghub.com/2009/08/20/devon-energy-earnings-surprise-eps-of-85-cents-surpassed-estimates-by-49/12924#comments</comments>
		<pubDate>Thu, 20 Aug 2009 18:37:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Devon Energy Corporation]]></category>
		<category><![CDATA[DVN]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12924</guid>
		<description><![CDATA[Devon Energy (DVN) posted better-than-expected results for the second quarter of 2009 due to record production volume and favorable service and supply costs across all major operating segments. Adjusted EPS of 85 cents surpassed the Zacks Consensus Estimate by 28 cents. This, however, was significantly lower than $3.39 recorded last year, as the commodity market remained subdued amid the global downturn. Reported net income came at $314 million or 70 cents per share, compared to $1.3 billion or $2.88 per share a year ago. Production volume soared 12% to 65.4 million barrels of oil equivalent (BOE) or 718.5 thousand BOE per day, exceeding the top range of quarterly guidance by approximately 5%. This was primarily driven by the U.S. onshore natural gas volume augmentation led by the Barnett Shale field ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/20/devon-energy-earnings-surprise-eps-of-85-cents-surpassed-estimates-by-49/12924/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(SNP) Mixed Bag for Chinese Oil Majors</title>
		<link>http://www.stockbloghub.com/2009/08/20/snp-mixed-bag-for-chinese-oil-majors/12932</link>
		<comments>http://www.stockbloghub.com/2009/08/20/snp-mixed-bag-for-chinese-oil-majors/12932#comments</comments>
		<pubDate>Thu, 20 Aug 2009 18:29:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12932</guid>
		<description><![CDATA[Prominent Chinese refiners Sinopec (SNP) and PetroChina Company Ltd. (PTR) are set to release solid quarterly earnings on the back of an increase in fuel prices. China raised gasoline and diesel prices twice in June in order to track international crude prices. The increase in fuel prices gives refiners a guaranteed profit margin if crude price stays below $80 a barrel. Global demand is unlikely to push prices of crude above $80 a barrel this year, so the refiners&#8217; margins are assured. Refiners had been witnessing a weakness in margins due to an increase in crude prices and the government&#8217;s conservative role in the pricing of refined products, particularly gasoline and diesel. The government caps the prices of refined products to control inflation. These price regulations – which did not ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/20/snp-mixed-bag-for-chinese-oil-majors/12932/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(LINE) LINN Energy, LLC &#8211; Unit Holders Pulling in a Big Yield</title>
		<link>http://www.stockbloghub.com/2009/08/19/linn-energy-llc-unit-holders-pulling-in-a-big-yield/12650</link>
		<comments>http://www.stockbloghub.com/2009/08/19/linn-energy-llc-unit-holders-pulling-in-a-big-yield/12650#comments</comments>
		<pubDate>Wed, 19 Aug 2009 23:01:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[LINE]]></category>
		<category><![CDATA[Linn Energy Llc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12650</guid>
		<description><![CDATA[LINN Energy, LLC (LINE) continues to pay a huge distribution to shareholders of 11.20% as it also recently expanded its oil and gas properties with a play into the Permian Basin. The company recently surprised on the Zacks Consensus Estimate for the second quarter in a row. Company Description LINN Energy is an independent oil and gas company with properties in the Mid-Continent and California. On Aug 6, the company announced it had acquired properties in the Permian Basin in West Texas and New Mexico for $118 million, which would be financed through its credit facility. At the end of December 2008, 51% of its reserves were in gas, 31% were in oil and 18% were natural gas liquids (NGL). The company seeks to maximize cash flow for its unit ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/19/linn-energy-llc-unit-holders-pulling-in-a-big-yield/12650/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) Sinopec Wraps Up Addax Deal</title>
		<link>http://www.stockbloghub.com/2009/08/19/snp-sinopec-wraps-up-addax-deal/12671</link>
		<comments>http://www.stockbloghub.com/2009/08/19/snp-sinopec-wraps-up-addax-deal/12671#comments</comments>
		<pubDate>Wed, 19 Aug 2009 22:35:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12671</guid>
		<description><![CDATA[Earlier today, China’s state-controlled petroleum refiner China Petroleum and Chemical Corp. – also known as Sinopec (SNP) – completed its previously announced acquisition of Geneva-based oil and gas explorer Addax Petroleum for $7.5 billion in China’s largest overseas takeover. Per the deal terms, Addax shareholders received $47.80 in cash for each share they owned. The strategic rationale of the deal seems compelling for Sinopec as the Chinese refining giant would gain access to Addax’s substantial reserves off the coast of West Africa and in Iraq. Addax, with 538 million barrels in proved and probable reserves and average production of about 135,000 barrels a day, is one of the largest independent oil producers in West Africa and the Middle East, with oil fields in Nigeria and the autonomous Kurdish region of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/19/snp-sinopec-wraps-up-addax-deal/12671/feed</wfw:commentRss>
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		<title>(SGY) Stone Energy Corp. &#8211; earnings of 65 cents per share vs. the consensus of 10 cents</title>
		<link>http://www.stockbloghub.com/2009/08/05/stone-energy-corp-earnings-of-65-cents-per-share-vs-the-consensus-of-10-cents/11977</link>
		<comments>http://www.stockbloghub.com/2009/08/05/stone-energy-corp-earnings-of-65-cents-per-share-vs-the-consensus-of-10-cents/11977#comments</comments>
		<pubDate>Wed, 05 Aug 2009 14:14:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[SGY]]></category>
		<category><![CDATA[Stone Energy Corp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=11977</guid>
		<description><![CDATA[Stone Energy Corp. (SGY) is posting huge gains as estimates continue to surge. Company Description Stone Energy Corporation operates as an energy explorer in the Gulf of Mexico and Appalachia region. The company was founded in 1993 and has a market cap of $470 million. Stone Energy is up huge over the last 4 months, taking off with the equity and energy markets. The company&#8217;s strong second-quarter results, reported on July 30, were far better than expected, giving its share price a nice pop. Second-Quarter Results Earnings came in at 65 cents per share, far ahead of the Zacks Consensus Estimate of 10 cents. Operating revenue was down from last year to $170.3 million. Stone added that its daily production volumes were up 9% from last year and expects additional ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/05/stone-energy-corp-earnings-of-65-cents-per-share-vs-the-consensus-of-10-cents/11977/feed</wfw:commentRss>
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		<title>(CNQ) Canadian Natural Resources Limited &#8211; Value &#8211; Zacks Rank Buy</title>
		<link>http://www.stockbloghub.com/2009/07/14/canadian-natural-resources-limited-value-zacks-rank-buy/9926</link>
		<comments>http://www.stockbloghub.com/2009/07/14/canadian-natural-resources-limited-value-zacks-rank-buy/9926#comments</comments>
		<pubDate>Tue, 14 Jul 2009 14:27:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Canadian Natural Resources Limited]]></category>
		<category><![CDATA[CNQ]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=9926</guid>
		<description><![CDATA[Canadian Natural Resources Limited (CNQ), the oil exploration company, saw production rise in the first quarter even as crude prices fell sharply. The company has surprised on estimates 3 out of the last 4 quarters. It is trading with a forward P/E of 12.4. Company Description Canadian Natural Resources is an independent oil and natural gas exploration and production company. Based in Calgary, Canada, it has operations in Western Canada, the North Sea and Offshore West Africa. The company is also invested in the Horizon project in the Canadian oil sands of Alberta. Canadian Natural Resources Surprised by 111.76% in the First Quarter On May 7, the company reported first quarter 2009 results which beat Wall Street estimates by 57 cents. The company reported $1.08 compared to analysts&#8217; estimates of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/07/14/canadian-natural-resources-limited-value-zacks-rank-buy/9926/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(FST) Forest Oil Corporation &#8211; Value &#8211; Zacks Rank Buy</title>
		<link>http://www.stockbloghub.com/2009/06/29/forest-oil-corporation-value-zacks-rank-buy/9058</link>
		<comments>http://www.stockbloghub.com/2009/06/29/forest-oil-corporation-value-zacks-rank-buy/9058#comments</comments>
		<pubDate>Mon, 29 Jun 2009 21:07:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Forest Oil Corporation]]></category>
		<category><![CDATA[FST]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=9058</guid>
		<description><![CDATA[Forest Oil Corporation (FST) is a North American oil and natural gas exploration and production company with properties in the Southern and Western United States and in Canada. Since I last reviewed Forest Oil in July 2008, crude and natural gas prices have plunged. The stock is now a Zacks #2 Rank (buy) stock instead of a Zacks #1 Rank (strong buy). After a rough couple of quarters, estimates are once again on the rise as crude prices rebound. On May 19, the company announced it was offering 12.5 million shares of common stock with the intent to use the proceeds to pay off debt under its current bank credit facilities. On May 19, Forest Oil reported first quarter results that surprised on estimates by 70.59%. Adjusted earnings per share ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/06/29/forest-oil-corporation-value-zacks-rank-buy/9058/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(SNP) China Petroleum &amp; Chemical Corp. &#8211; Momentum &#8211; Zacks Rank Buy</title>
		<link>http://www.stockbloghub.com/2009/05/28/china-petroleum-chemical-corp-momentum-zacks-rank-buy/7530</link>
		<comments>http://www.stockbloghub.com/2009/05/28/china-petroleum-chemical-corp-momentum-zacks-rank-buy/7530#comments</comments>
		<pubDate>Thu, 28 May 2009 22:11:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=7530</guid>
		<description><![CDATA[China Petroleum &#38; Chemical Corp.&#8217;s (SNP) share price is on the rise as crude trends higher and breaks the $60 mark. Company Description China Petroleum &#38; Chemical Corp., through its subsidiaries, operates as an integrated oil, gas and chemical company in Hong Kong and China. The company was founded in 2000, is headquartered in Beijing and has a market cap of $72 billion. Crude On the Move With crude back on the upswing in the last few months, energy companies are once against moving into the spotlight Incorporatedluding China Petroleum &#38; Chemical Corp., also known as Sinopec. The company&#8217;s first-quarter results, reported on Apr 28, were solid. First-Quarter Results The company&#8217;s net profit was up 85% from last year, totaling $1.6 billion, on higher oil prices and lower production costs. ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(BRY) Berry Petroleum Company &#8211; Value &#8211; Zacks Rank Buy</title>
		<link>http://www.stockbloghub.com/2009/03/03/berry-petroleum-company-value-zacks-rank-buy/3893</link>
		<comments>http://www.stockbloghub.com/2009/03/03/berry-petroleum-company-value-zacks-rank-buy/3893#comments</comments>
		<pubDate>Wed, 04 Mar 2009 04:01:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Berry Petroleum Company]]></category>
		<category><![CDATA[BRY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=3893</guid>
		<description><![CDATA[Berry Petroleum Company (BRY), the oil explorer, has seen its share price hammered as crude has sold off yet the company increased production 18% in 2008. The company has also hedged 90% of its oil production in 2009 to guard against losses. Berry Petroleum is cheap. It trades at only 3.9x forward earnings. Company Description Berry Petroleum is an independent exploration and production company with operations in California, Colorado, Texas and Utah. As of Dec 31, 2008, proved oil and gas reserves had grown 45% to 246 million BOE compared to 169 million BOE at the end of 2007. The company&#8217;s proved reserve mix was 51% oil and 49% natural gas by the end of 2008. The company is geographically diverse, with 45% of proved reserves in California, 35% in ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(PVA) &#8211; Penn Virginia &#8211; Consensus Estimates Rise for Third Quarter and the Full Year</title>
		<link>http://www.stockbloghub.com/2008/10/07/pva-penn-virginia-consensus-estimates-rise-for-third-quarter-and-the-full-year-4/666</link>
		<comments>http://www.stockbloghub.com/2008/10/07/pva-penn-virginia-consensus-estimates-rise-for-third-quarter-and-the-full-year-4/666#comments</comments>
		<pubDate>Tue, 07 Oct 2008 20:10:04 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[PVA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=666</guid>
		<description><![CDATA[Despite falling energy prices, estimates on oil explorer Penn Virginia continue to trend higher. The company beat Wall Street estimates by 28.21% in the second quarter while reporting record production. The company trades with a forward P/E of 13.16. Company Description Penn Virginia Corporation (PVA) is an oil and gas exploration and production company that operates in Appalachia, Mississippi, east Texas, the Mid-Continent and the Gulf Coast regions. Click here to find out more! The company has been allocating the majority of its resources to its lower-risk drilling areas in Appalachia, Mississippi, east Texas and the Mid-Continet regions. However, PVA continues to explore in the higher-risk areas such as Gulf Coast region and the shale plays Incorporatedluding the Devonian, Fayetteville and New Albany shales. PVA also owns approximately 77% of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2008/10/07/pva-penn-virginia-consensus-estimates-rise-for-third-quarter-and-the-full-year-4/666/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(EAC) &#8211; Encore Acquisition &#8211; surprised on estimates 4 consecutive quarters by an average of 16.44%</title>
		<link>http://www.stockbloghub.com/2008/10/07/eac-encore-acquisition-surprised-on-estimates-4-consecutive-quarters-by-an-average-of-1644-4/606</link>
		<comments>http://www.stockbloghub.com/2008/10/07/eac-encore-acquisition-surprised-on-estimates-4-consecutive-quarters-by-an-average-of-1644-4/606#comments</comments>
		<pubDate>Tue, 07 Oct 2008 19:59:01 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[EAC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=606</guid>
		<description><![CDATA[Encore Acquisition saw revenues soar 96% in the second quarter on the back of record crude prices. But even as crude prices have retreated, the company isn&#8217;t a one quarter wonder. It has surprised on estimates 4 consecutive quarters by an average of 16.44%. Encore&#8217;s forward P/E is 10.07. Company Description Encore Acquisition Company (EAC) is an exploration and production company which drills onshore in North America. Based in Fort Worth, Texas, Encore&#8217;s properties are located in the Rockies, which includes the Dakotas, the Mid-Continent, which includes Oklahoma, and the Permian Basin which includes New Mexico and Texas. In early May, Encore announced it was putting itself up for sale but in August, according to the Associated Press, the company said it was no longer looking to merge or be ]]></description>
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