SOURCE: StockCall

StockCall

November 29, 2010 08:45 ET

Equity Research on Noble Energy Inc. and Devon Energy Corporation -- Demand for Natural Gas Heading North

JOHANNESBURG, SOUTH AFRICA--(Marketwire - November 29, 2010) - www.stockcall.com/ offers investors comprehensive research on the independent oil & gas industry and has completed analytical research on Noble Energy Inc. (NYSE: NBL) and Devon Energy Corporation (NYSE: DVN). Register with us today at www.stockcall.com/ to have free access to these researches. 

The latest publication from the Department of Energy reported profit increases for U.S. energy companies. Profits rose 32% compared to the 3rd quarter of last year and total revenues reached $285 billion, a 14% increase. The positive data certainly reflects a strong 2010 for major energy companies, but more importantly it could be indicative of a long-term profitability, especially for natural gas producers. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the independent oil & gas industry.

www.stockcall.com/ is an online platform where investors doing their due-diligence on the independent oil & gas industry can have easy and free access to our analyst research and opinions on Noble Energy Inc. and Devon Energy Corporation; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

Currently, low natural gas prices and steady demand are fueling steady revenues. A possible demand boom in the coming years could substantially widen profit margins. 

One such source of increased demand could come in the form of gas powered vehicles. Construction is currently underway for the country's first natural gas station in Albany, New York. The station will be used primarily for the vehicles of the company, National Grid, but preparations for public consumer usage are underway. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

A flurry of announcements this week regarding plant expansions, facility upgrades and new drilling operations also reflect the industry responding to increased demand. 

Overall, natural gas demand rose throughout 2010, and currently this trend is showing no sign of slowing. In fact, the rise of new applications and greater global demand from emerging markets could accelerate natural gas demand heading into 2011. 

For the third quarter of 2010, Noble Energy Inc. posted earnings of $232 million on the back of increase in commodity prices. Noble Energy Inc. research report is accessible for free by registering today at www.stockcall.com/NBL291110.pdf

Conversely, Devon Energy Corporation saw net income for the quarter climb to $2.09 billion. Devon Energy Corporation research report is available for free by signing up now at www.stockcall.com/DVN291110.pdf

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