In-Depth Research Featuring Vantage Drilling Company (AMEX: VTG) and Halliburton Company (NYSE: HAL) - Middle East Unrest Drives Oil Prices
HONG KONG, Feb. 24 /PRNewswire/ - Today, www.WorldStreetFundamentals.com released its industry report highlighting Halliburton Company (NYSE: HAL) and Vantage Drilling Company (AMEX: VTG). As the Middle Eastern situation continues to press concerns, it brings the potential for destabilizing a geo-strategically important region. Investors from around the world are invited to view fundamental and technical analysis at www.WorldStreetFundamentals.com.
Libya is a key OPEC member and accounts for about 2% of global oil supplies. Oil production from Egypt remains a smaller contributor, producing a little bit less than 1% of the world's total supply. Together, the Suez-Mediterranean pipeline and the canal itself account for three million barrels a day out of a total of about 88 million barrels worldwide, representing 3.5% of world production. A closure of the Suez-Canal would not represent disaster for major producers or index prices.
World Street Fundamentals has highlighted Halliburton Company for its diverse income strategy across two separate business segments within 70 countries. HAL's international limited exposure to Libya and Egypt provides the opportunity to leverage the current situation against its international revenue streams. To read the report on Halliburton Company (NYSE: HAL), visit www.WorldStreetFundamentals.com.
Vantage Drilling Company has three main customers, Pearl Oil (Thailand) Ltd., Seadragon Limited and Foxtrot International LDC, accounted for approximately 46%, 23% and 12%, respectively of the Company's consolidated revenue. These customers are in Thailand, China, and Ivory Coast respectively- away from Mediterranean and Middle East exposure.
Fundamentals of the U.S. economy are expected over the long-term to continue recovery. Many investors are using weakness resulting from the Libya unrest as an opportunity to own quality names that enjoy strong earnings momentum and economic leverage.
To view fundamental and technical analysis on these two industry leaders we encourage investors to visit: www.WorldStreetFundamentals.com.
About World Street
World Street Fundamentals is an online portal for professionals, investors and new-comers to the markets to find in depth comprehensive research and research tools to help guide you through the ever changing financial markets around the world. Covering the top performers in the hottest sectors and providing clarity to investors around the world.
SOURCE World Street Fundamentals
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