SOURCE: Five Star Equities

Five Star Equities

May 18, 2012 08:20 ET

Oil Prices Slide as Inventories and Euro Zone Concerns Grow

Five Star Equities Provides Stock Research on Rex Energy and Abraxas Petroleum

NEW YORK, NY--(Marketwire - May 18, 2012) - Oil stocks have fallen along with sliding oil prices recently. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has dropped nearly 8 percent in the last month. Earlier this week benchmark U.S. crude prices hit a seven-month low of $91.81 and could fall further as a result rising inventories and economic uncertainty in Europe. Five Star Equities examines the outlook for companies in the Oil & Gas Industry and provides equity research on Rex Energy Corporation (NASDAQ: REXX) and Abraxas Petroleum Corp. (NASDAQ: AXAS).

Access to the full company reports can be found at:

www.FiveStarEquities.com/REXX
www.FiveStarEquities.com/AXAS

According to a recent article on Bloomberg U.S. crude stockpiles have risen to their highest levels in 21 years. The Energy Information Administration (EIA), in its weekly report Wednesday, stated that crude supplies grew by 2.1 million barrels to climb to 381.6 million barrels. Fears of the euro zone crisis and U.S. sanctions on oil imports from Iran have propelled OPEC producers, primarily Saudi Arabia, to boost oil productions. Weakening global demand has given importing countries the opportunity to stockpile inventories.

Five Star Equities releases regular market updates on the Oil & 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.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Rex Energy is headquartered in State College, Pennsylvania and is an independent oil and gas exploration and production company operating in the Appalachian and Illinois Basins within the United States. The company recently reported operating revenue from continuing operations was $33.8 million for the first quarter of 2012, which is a 46% increase over the same period of 2011.

Abraxas Petroleum Corporation is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Mid-Continent, Permian Basin and onshore Gulf Coast regions of the United States and in the province of Alberta, Canada. The company reported net income for the quarter ended March 31, 2012 was $817,000, compared to a net loss of $10.0 million for the quarter ended March 31, 2011.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.FiveStarEquities.com/disclaimer

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