SOURCE: The Bedford Report

The Bedford Report

May 04, 2011 08:16 ET

Petrohawk and Dejour Energy Poised for Growth as Natural Gas Market Improves

The Bedford Report Provides Analyst Research on Petrohawk & Dejour Energy

NEW YORK, NY--(Marketwire - May 4, 2011) - As surging oil prices begin to dampen the strength of the global economic recovery, investors are hopeful that the natural gas sector will get a boost from a stronger push for alternative sources of energy. With clean energy still a top priority, Americans have begun heralding shale gas as a cheap and clean transitional fuel to renewable energy. The Bedford Report examines investing opportunities in natural gas and provides research reports on Petrohawk Energy Corporation (NYSE: HK) and Dejour Energy, Inc. (NYSE Amex: DEJ). Access to the full company reports can be found at:

Natural Gas prices have been on the upswing in recent weeks supported by increased gas use from the power sector following outages at nuclear plants. A vast amount of nuclear power stations were shut down for maintenance last month, boosting the need for gas-fired electricity. Martin King, an analyst with FirstEnergy Capital, noted that the amount of natural gas added to US storage in April was likely to be the lowest in five years.

The Bedford Report releases regular market updates on the natural gas sector 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 and get exclusive access to our numerous analyst reports and industry newsletters.

Although higher prices are welcome news for producers, natural gas is expensive to drill and energy companies are required to sign leases that typically require that they keep producing. This has led to shrinking bottom lines for some natural gas producers.

Dejour Energy, however, recently posted improved quarterly results, which the company attributed to no impairment of oil and gas properties. The company said that revenues expanded in the most recent quarter mainly due to the increased oil and gas production from the two new wells in the Woodrush Field area that commenced production last spring.

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