SOURCE: Paragon Financial Limited

Paragon Financial Limited

October 04, 2011 08:16 ET

Shares of HyperDynamics and Hercules Offshore Face Pressure as Oil Market Slows

The Paragon Report Provides Equity Research on HyperDynamics & Hercules Offshore

NEW YORK, NY--(Marketwire - Oct 4, 2011) - For roughly two months benchmark oil prices have been pulled in opposite directions as analysts and traders try to gauge future petroleum demand. The volatile swings in oil prices have wreaked havoc on shares of oil drillers and explorers -- many of which boosted production over the last year. The Paragon Report examines investing opportunities in the Oil & Gas Sector and provides equity research on HyperDynamics Corporation (NYSE: HDY) and Hercules Offshore, Inc. (NASDAQ: HERO). Access to the full company reports can be found at:

Abdalla Salem El-Badri, Secretary-General of the Organization of the Petroleum-Exporting Countries (OPEC), argues that the recent fall in the price of oil has been partly caused by speculation in the oil market. Oil prices took a hit after OPEC sharply revised down its forecast for world oil demand for this year and expected consumption would remain weak in 2012, citing waning economic growth in key industrialized nations and a weak US driving season.

In North America and Europe, demand is way down. Western countries already were expected to see declining demand as their economies struggle to grow. Those concerns grew last Wednesday when the US reported unexpectedly large crude supplies and weak gasoline demand.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Oil and Gas industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters

Hercules Offshore is a worldwide provider of offshore contract drilling, liftboat and inland barge services. The company operates a fleet of 49 jackup rigs, 17 barge rigs, 65 liftboats, two submersible rigs and one platform rig.

Hyperdynamics is an emerging independent oil and gas exploration and production company that is exploring for oil and gas offshore the Republic of Guinea in West Africa. Last month the company announced that its "Jasper Explorer" drill ship has left its home port in Singapore and is now being mobilized to Hyperdynamics' first exploration drilling site offshore the Republic of Guinea in Northwest Africa.

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