One-Two Punch Makes U.S. Oil Stocks Attractive

ATLANTA, December 15, 2016 /PRNewswire/ --

OTCStockReview published an article on SeekingAlpha.com that included industry commentary based on the recent OPEC developments taking place in the Energy Sector that included companies such as: Exxon Mobil Corporation (NYSE: XOM), EOG Resources, Inc. (NYSE: EOG), Devon Energy Corporation (NYSE: DVN), Petro River Oil Corp. (OTC: PTRC) and Abraxas Petroleum Corporation (NASDAQ: AXAS)

Two recent developments in the oil industry have positioned U.S. oil and gas companies for a potential business boom.

One, OPEC and non-OPEC countries have agreed to reduce production by nearly 2 million/bbl per day, raising WTI crude this week to nearly $53/bbl. And two, key appointments in the upcoming Trump Administration - Exxon Mobil Corporation (NYSE: XOM) CEO Rex Tillerson as Secretary of State and outspoken global warming critic Scott Pruitt as head of the Environmental Protection Agency - indicate looser regulations that will open up U.S. producers in both conventional and unconventional plays to break out of the malaise low oil prices have brought upon both major and independent producers.

Shale players like EOG Resources (NYSE: EOG) and Devon Energy (NYSE: DVN) are bullish at $55 oil, as unconventional producers have spent the majority of the past few years reducing costs and innovating with technology in order to be profitable at lower oil prices (historically Shale was profitable at $80 plus oil prices).

Microcap companies like Petro River Oil (OTC: PTRC) - a conventional player with assets in Osage County, OK, Kern County, CA, and in the UK - and Abraxas (NASDAQ: AXAS), with assets in the Permian Basin, Powder River Basin, Rocky Mountains and Texas will likely also benefit from higher oil and looser regulations as conventional production breaks even in the $30-$40 oil range.

With the DOW nearing 20,000 and at a record high, the market shows no indication of slowing down before President-elect Trump takes office in January. Investors are no doubt looking to take advantage of rising stock prices, and oil and gas could be just what the broker ordered.

Petro River Oil Corp. (OTC: PTRC) http://petroriveroil.com/ is an independent energy company with its core holdings in Northeast Oklahoma, the Larne Basin in Northern Ireland, and Mountain View, California. Petro River's strategy is to apply modern technology, such as 3D seismic analysis to exploit hydrocarbon-prone resources in historically prolific plays and underexplored prospective basins to build reserves and to create value for the Company and its shareholders.   Read more news for Petro River Oil (PTRC) at:  http://marketnewsupdates.com/news/ptrc.html

Disclosure from OTCStockReport.com: I/we have no positions in any stocks mentioned, but may initiate a long position in XOM, EOG, DVN, PTRC, AXAS over the next 72 hours.  Additional disclosure: OTC Stock Review and Atlanta Capital Partners, LLC has been compensated in the past, and expects to be compensated in the future, by Petro River Oil Corp. for investor relations services. OTC Stock Review and Atlanta Capital Partners, LLC reserves the right to be compensated for investor relations services by companies mentioned in this article. You are encouraged to read our complete disclaimer here http://www.otcstockreview.com/disclaimer.htm

DISCLAIMER:  OTCStockReview.com is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OTCStockReview.com or any company mentioned herein.  The commentary, views and opinions expressed in this release by OTCStockReview.com are solely those of OTCStockReview.com and are not shared by and do not reflect in any manner the views or opinions of FNM.  The companies that are discussed herein may or may not have approved the statements made in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.   For current services performed MNU has been compensated one thousand nine hundred dollars for coverage of the current commentary covering issued by Petro River Oil by a non-affiliated third party.  MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

Contact Information:

Media Contact email:  [email protected]   - +1(561)325-8757

SOURCE MarketNewsUpdates.com