SOURCE: Brighton Markets

May 21, 2012 09:00 ET

2012 Economic Outlook - Report Highlights NuStar Energy L.P. and Providence Resources Corp

HONG KONG--(Marketwire - May 21, 2012) - Today, announced new reports highlighting NuStar Energy L.P. (NYSE: NS) and Providence Resources Corp (TSX VENTURE: PV). Gain market insight with full analysis and research downloads available at

Economic fundamentals leading into 2012 have set a generally positive pace with GDP growth likely to pick up through the coming year. However, there are several important caveats to note as the world economy continues to face headwinds and risks weigh to the downside. Positive outlooks are conditional on fiscal policy in payroll taxes and unemployment insurance benefits and upon the easing of the European debt situation. A repeat of volatility experience in 2011 is likely in 2012, as perceptions about the strength of the U.S. economy and the euro zone will vary over time as events unfold.

Despite the current situation, our team continues to identify high momentum situations with growth potential -- there remains strong opportunity within careful discretion.

Brighton Markets is releasing new coverage on NuStar Energy L.P. for its current position within the basic materials industry. NuStar Energy L.P. (NuStar Energy) is engaged in the terminalling and storage of petroleum products, the transportation of petroleum products and anhydrous ammonia, and petroleum refining and marketing. It has three segments: storage, transportation, and asphalt and fuels marketing. Its assets included 66 terminal and storage facilities providing 84. The full research report on NuStar Energy L.P. (NYSE: NS) is available here:

Brighton Markets has released research on Providence Resources Corp for its changing role within the industry. Providence Resources Corp. (Providence), formerly Providence Capital Corp., is a Canada-based, exploration-stage company. Providence is engaged in the evaluation and exploration of its interests in the Iron Range property located in south-eastern British Columbia near the community of Creston. The full research report on Providence Resources Corp (TSX VENTURE: PV) is available here:

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