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The Insiders Corner; Right on the Money for What Was Around the Corner for Oil and Gas Stocks as Oil Approaches $60 Levels
POINT ROBERTS, WA and DELTA, BC -- (MARKET WIRE) -- February 7, 2007 -- www.OilandGasStockNews.com
(OGSN), an investor and industry news portal within the InvestorIdeas.com
content umbrella for the oil and gas sector, revisits the oil and gas
trends predicted in the 'Insiders Corner' January 11, by Michael Brush.
Brush had investors considering "Is there any end in sight?" It may be just
around the corner, as oil prices were bearish and in the $50 a barrel
range. Predicting the cold weather trends that have set in, the Insiders
Corner also reminded investors of other factors, besides the weather, that
support higher energy prices including "Tensions in the Middle East."
Michael Brush, author of "Lessons From the Front Line," is an award-winning
financial writer that writes a weekly market column for MSN Money as well
as the 'Insiders Corner' for InvestorIdeas.com. Mr. Brush has also covered
business and investing for the New York Times, Money magazine and the
Economist Group.
As far as where oil is currently trading, Eden Energy Corporation (OTCBB : EDNE ) President and CEO Don Sharpe comments, "We expect oil prices to
strengthen throughout the remainder of the year as geopolitical risks
reemerge due to actions in Nigeria, Iran and other volatile parts of the
oil-producing world. We believe oil demand will continue to increase and
supply will feel pressure due to smaller discoveries worldwide. Heavy oil
and oil sands are available to make up the difference, but these sources
require a stable, higher oil price."
Michael Brush, 'Insiders Corner'
http://www.investorideas.com/insiderscorner/
"Our energy bets are bruised and battered, and it's easy to see why.
Investors had big bets on energy stocks, but now that crude oil has fallen
9% this year and 30% since last summer, hedge funds are heading for the
exits. Is there any end in sight?
It may be just around the corner. The eerily warm weather in much of the
U.S. is about to "turn on a dime," predicts AccuWeather.com forecaster Joe
Bastardi.
To read the full January 11th oil and gas column click here:
http://www.investorideas.com/insiderscorner/Articles/011107.asp
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OGSN is compensated by Eden Energy as disclosed in disclaimer.
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