SOURCE: Paragon Report

Paragon Report

December 03, 2012 08:20 ET

Forecasts for Warmer Temperatures and Lower Heating Demand Causes Natural Gas Prices to Fall Sharply

The Paragon Report Provides Stock Research on Devon Energy and Quicksilver Resources

NEW YORK, NY--(Marketwire - Dec 3, 2012) - Natural gas has been in a slump recently as forecasts for warmer temperatures and weaker demand for gas-fired heating have caused prices for the commodity to fall sharply. The United States Natural Gas Fund (UNG), which is designed to track the changes in the price of natural gas, has fallen over 11 percent in the past week. The Paragon Report examines investing opportunities in the Natural Gas Industry and provides equity research on Devon Energy Corporation (NYSE: DVN) and Quicksilver Resources Inc. (NYSE: KWK).

Access to the full company reports can be found at:

www.ParagonReport.com/DVN

www.ParagonReport.com/KWK

Weather forecasts have called for above average temperatures in the coming weeks. Approximately 50 percent of households in the United States are heated with natural gas. Recent data from Weather Derivatives show that heating demand will be 34 percent below average for the 48 contiguous states from Dec. 4 through Dec. 8. The forecast for lower demand has seen prices for natural gas fall 5.2 percent in the past week.

"The earlier seasonal rally clearly expressed overly optimistic expectations for initial heating demand. Good demand may still materialize, but the enthusiastic aspirations of participants need to be worked off," wrote Mike Fitzpatrick, editor of the Energy OverView newsletter.

Paragon Report releases regular market updates on the Natural Gas Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

Devon Energy is a leading independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. Devon holds 13 million net acres, of which roughly two-thirds are undeveloped. Revenue from oil, natural gas and natural gas liquids sales totaled $1.7 billion in the third quarter of 2012, an 18 percent decline from the third quarter of 2011.

Quicksilver's four productive hydrocarbon areas (Texas, Rocky Mountains, Alberta and British Columbia) are all unconventional natural gas and oil plays at different stages of maturity, development and production running the gamut from high-growth potential to long-term sustained production with established infrastructure and facilities. The company has lowered its fourth quarter average daily production outlook to 330-340 MMcfe per day.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:

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