SOURCE: Equity Markets Inc

October 10, 2011 09:00 ET

Expert's Economic Outlook, Global - Equity Research on Kodiak Oil & Gas Corp. and Abraxas Petroleum Corp.

MACAU--(Marketwire - Oct 10, 2011) - Today, announced its research report highlighting Kodiak Oil & Gas Corp. and Abraxas Petroleum Corp. (NYSE: AXAS). Full content and research is available at

Short-term outlooks within US and global economies continue to adjust downward, as US Treasury yields touched their lowest levels in over 65 years. International Monetary Fund downgraded estimates for US growth by 1.0% this year, down from 2.5%. 'Significant downside risks' to the US economy were confirmed by the Federal Reserve pressured by 'strains in global financial markets.'

As the US dollar trades above an eight-month high against the Euro, it highlights a deepening of the Eurozone sovereign debt crisis -- furthered by continued policy inaction from European governments. We expect continued volatility until economic data stabilizes and we see decisive policy action to deal with the Eurozone debt crisis.

Our members are preparing for a turn in tides. Currently, the Credit Suisse Risk Appetite Indicator is at a 30-year low. For the past three occurrences, this level has acted as a leading indicator of large stock market rallies 18 months following.

Equity Markets has reviewed Kodiak Oil & Gas Corp. for its current position within the oil & gas industry. Kodiak Oil & Gas Corp. engages in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil in the United States. The company's oil and natural gas reserves and operations are primarily concentrated in the Williston Basin of North Dakota and Montana, and the Green River Basin of Wyoming and Colorado. The full research report on Kodiak Oil & Gas Corp. is available here:

Equity Markets has reviewed Abraxas Petroleum Corp. for its development within the basic materials industry. Abraxas Petroleum Corporation (Abraxas) is an independent energy company engaged in the acquisition, exploitation, development and production of oil and gas in the United States and Canada. As of December 31, 2010, the Company's net proved reserves were 26. The full research report on Abraxas Petroleum Corp. (NYSE: AXAS) is available here:

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