SOURCE: World Street Fundamentals

August 08, 2011 09:00 ET

World Events Shape Oil & Gas Demand - Equity Research on EOG Resources, Inc. and Devon Energy Corporation

HONG KONG--(Marketwire - Aug 8, 2011) - Today, released its industry report highlighting EOG Resources, Inc. (NYSE: EOG) and Devon Energy Corporation (NYSE: DVN). Full fundamental and technical analysis is available at

With recent world events directly affecting the crude oil exports, the trend for this industry remains upward. Equity values of U.S.-based supermajor oil & gas companies are estimated to rise alongside forecasts for improved global economic growth and crude oil prices. S&P believes global GDP expanded 4.1% in 2010 and will grow 3.5% in 2011 and 4.0% in 2012. It is believed that with the continued merger and acquisition activity, notably in North America and other frontier regions, the continuation of drilling in several Countries is likely to increase. An example of this being the growing volumes of Canadian oil imports, as well as greater takeaway capacity from the Rockies.

As a result of recent credit adjustments, opportunity is being marked for investors to take advantage of equities with high-margin and specialty products. Market-wise investors are carefully watching for value within equities boasting established pipelines and excellent growth prospects. As part of this process, the following companies have been introduced with initial research reports available online.

World Street Fundamentals has highlighted EOG Resources, Inc. as a company which explores, develops, produces and markets natural gas and crude oil primarily in producing basins in the United States, Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, and The People's Republic of China. The entire report on EOG Resources, Inc. (NYSE: EOG) is available here:

World Street has featured Devon Energy Corporation as an independent energy company engaged in exploration, development and production of natural gas and oil. The entire report on Devon Energy Corporation (NYSE: DVN) is available here:

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