SOURCE: Paragon Financial Limited

Paragon Financial Limited

October 04, 2011 08:16 ET

ATP Oil & Gas and Ivanhoe Energy Boost Production -- Margins Squeezed

The Paragon Report Provides Equity Research on ATP Oil & Gas and Ivanhoe Energy

NEW YORK, NY--(Marketwire - Oct 4, 2011) - For roughly two months benchmark oil prices have been pulled in opposite directions as analysts and traders try to gauge future petroleum demand. The volatile swings in oil prices have wreaked havoc on shares of oil drillers and explorers -- many of which boosted production over the last year. The Paragon Report examines investing opportunities in the Oil & Gas Sector and provides equity research on ATP Oil & Gas Corporation (NASDAQ: ATPG) and Ivanhoe Energy, Inc. (NASDAQ: IVAN) (TSX: IE). Access to the full company reports can be found at:

Abdalla Salem El-Badri, Secretary-General of the Organization of the Petroleum-Exporting Countries (OPEC), argues that the recent fall in the price of oil has been partly caused by speculation in the oil market. Oil prices took a hit after OPEC sharply revised down its forecast for world oil demand for this year and expected consumption would remain weak in 2012, citing waning economic growth in key industrialized nations and a weak US driving season.

In North America and Europe, demand is way down. Western countries already were expected to see declining demand as their economies struggle to grow. Those concerns grew last Wednesday when the US reported unexpectedly large crude supplies and weak gasoline demand.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Oil and Gas industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

ATP Oil & Gas Corp said oil production has started at one of its deepwater Gulf of Mexico wells, with an initial rate of more than 7,000 barrels a day. The news caused a significant jump in shares of the company as Gulf of Mexico permits remain hard to come by in the wake of last year's Deep Water Horizon oil spill.

Heavy oil producer Ivanhoe Mines has operations in Canada, Mongolia, Ecuador and China. In its most recent earnings report the company said production at its Dagang field in China rose 25 percent to 90,599 net barrels of oil after royalties.

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