SOURCE: OilandGasStockNews.com; Eden Energy Corp.

February 07, 2007 09:00 ET

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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Investorideas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. These sites are currently compensated by featured companies, news submissions and online advertising. Eden Energy Corporation (OTCBB: EDNE): Three thousand five hundred dollars per month. InvestorIdeas.com was not compensated by Panhandle Royalty.

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