Quicksilver Resources, Forest Oil, Canadian Natural Resources, EXCO Resources, and Gasco Energy Early Briefing and Review
LONDON, March 12, 2013 /PRNewswire/ --
A recovery in the global economy since the start of this year has meant that the outlook for the oil and gas industry has improved significantly for 2013. Recently, both the U.S. Energy Information Administration (EIA) and The Organization of Petroleum Exporting Countries (OPEC) boosted their forecasts for world oil demand in 2013. The positive outlook augurs well for oil and gas companies such as Quicksilver Resources Inc. (NYSE: KWK), Forest Oil Corporation (NYSE: FST), Canadian Natural Resources Ltd. (USA) (NYSE: CNQ), EXCO Resources Inc. (NYSE: XCO), and Gasco Energy Inc. (NYSEAMEX: GSX). On Monday, oil and gas stocks ended mostly higher, tracking gains in the broad market. StockCall has released free charting and technical research on these aforementioned companies. Register to read these reports at
http://www.stockcall.com/report
Shares of Quicksilver Resources Inc. rose sharply in Monday's trading session. The stock closed 1.89% higher at $2.16 on above average volume of 5.53 million. Quicksilver Resources shares have had an excellent run over the last three trading sessions, gaining more than 30%. Despite the recent rally, the stock is still down more than 20%, year-to-date. The Independent Oil & Gas company's shares have rebounded after finding support at around $1.60. Technical indicators for the stock are currently giving bullish signals. The stock's MACD has just crossed above the signal line. Sign up for the free report on KWK at
http://www.StockCall.com/KWK031213.pdf
Shares of Forest Oil Corporation edged lower in Monday's session even as the broad market closed higher. The stock closed 0.84% lower at $5.90 on volume of 2 million. Despite the pullback yesterday, Forest Oil shares have gained more than 4% in the last three trading sessions. However, Year-to-date the stock has underperformed the broad market, falling more than 7.50%. Shares of FST are currently facing resistance at around $6. The stock's MACD has just crossed above the signal line, which is a very strong bullish signal. The bullish trend is further confirmed by the recent volume activity. FST free technical report can be accessed by signing up at
http://www.StockCall.com/FST031213.pdf
Shares of Canadian Natural Resources Ltd. ended marginally higher in Monday's trading session. The stock closed 0.35% higher at $31.27 on volume of 1.77 million, taking its gains in the last three sessions to over 5%. Year-to-date, the stock has gained nearly 10%, outperforming the broad market. The oil and gas company's shares are currently facing resistance at around $31.50. The stock's MACD has just moved above the signal line and the zero-line, which is a strong bullish signal. Free report on CNQ can be accessed by registering at
http://www.StockCall.com/CNQ031213.pdf
Shares of EXCO Resources Inc. rose in Monday's trading session. The stock closed 0.28% higher at $7.17 on volume of 2.88 million yesterday. In the last three sessions, EXCO's shares have now gained more than 2.70%. Year-to-date, the stock has underperformed the broad market, gaining more than 4%. The commodity company's shares have recently broken through $7 resistance level. This is a bullish signal. The bullish trend is further confirmed by the stock's MACD chart. Register with StockCall and download the research on XCO for free at
http://www.StockCall.com/XCO031213.pdf
Shares of Gasco Energy Inc. saw a huge rally in Monday's trading session. The stock ended the day 10.20% higher at $0.0540 on volume of 673,830. Despite the rally yesterday, the stock is down more than 16% in the last three sessions. Read the full free research on GSX by signing up to StockCall at
http://www.StockCall.com/GSX031213.pdf
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