SOURCE: Paragon Financial Limited

Paragon Financial Limited

November 09, 2011 08:16 ET

Stable Oil and Gas Market Benefits Delta Petroleum and Tri-Valley Corporation

The Paragon Report Provides Equity Research on Delta Petroleum & Tri-Valley Corporation

NEW YORK, NY--(Marketwire - Nov 9, 2011) - Oil and natural gas prices have been on the rise recently which bodes well for oil & gas explorers. Forecasts of cold weather approaching the Eastern Seaboard have helped drive natural gas prices up, as consumption looks poised to increase as temperatures drop. The Paragon Report examines investing opportunities in the Oil & Gas Sector and provides equity research on Delta Petroleum Corporation (NASDAQ: DPTR) and Tri-Valley Corporation (NYSE Amex: TIV). Access to the full company reports can be found at:

A recent Reuters poll found that analysts have trimmed their US natural gas price estimates for 2011 and 2012 due to rising shale gas supplies, though increasing demand and a slowdown in drilling could lend support further out. Some expect production growth to slow in 2012 as producers finally slow drilling, but most analysts agreed projected gains in demand are not likely to be enough to soak up the excess supply.

New drilling techniques have resulted in an oversupply of Natural Gas, which has kept prices down since the recession.

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 & Gas Sector register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Global average demand for crude oil reached 86.6 million barrels a day in 2010, the highest level since 2007 and is set to increase by almost two million barrels a day each year over the next two years, according to the latest Deloitte periodical publication, Middle East Point of View. Kuwait's Oil Minister Mohammad al-Baseeri said that based on OPEC estimates, world market demand is forecast to grow by between 1.0 and 1.5 million barrels per day "for the rest of this year and the beginning of next year."

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