StockCall Scrutinizes WPX Energy, Denbury Resources, Cobalt Intl. Energy, and Continental Resources

StockCall Scrutinizes WPX Energy, Denbury Resources, Cobalt Intl. Energy, and
                            Continental Resources

PR Newswire

LONDON, April 2, 2013

LONDON, April 2, 2013 /PRNewswire/ --

The oil and gas industry is seeing a major shift due to the shale oil
revolution in the U.S. The shale oil boom is expected to make U.S. the world's
largest producer of oil in the next few years. The shale boom offers
independent oil & gas companies such as WPX Energy Inc. (NYSE: WPX), Denbury
Resources Inc. (NYSE: DNR), Cobalt International Energy Inc. (NYSE: CIE), and
Continental Resources Inc. (NYSE: CLR) significant opportunities. Oil & gas
companies are also looking to benefit from a rebound in U.S. and Chinese
economy. On Monday, though, oil & gas stocks struggled, as the broad market
slipped on the back of weaker-than-expected U.S. manufacturing data. StockCall
reviewed the Independent Oil & Gas industry and chose WPX, DNR, CIE, and CLR
for its technical coverage. These free reports can be seen for free at

http://www.stockcall.com/signup

WPX Energy Inc.'s shares fell sharply in trading yesterday, extending its
losses from previous trading sessions. The stock closed 1.25% lower at $15.82,
taking its losses in the last three trading sessions to nearly 3.50%. The
company's shares have seen a sharp pullback after the stock failed to break
through $17 resistance level. The stock's MACD has crossed below the signal
line, which is a bearish signal. The bearish trend is further confirmed by
recent volume activity. Download the free research on WPX by signing up now at

http://www.StockCall.com/WPX040213.pdf

Denbury Resources Inc.'s shares fell sharply in trading on Monday. The stock
touched an intra-day low of $18.12 yesterday before finishing the day 2.41%
lower at $18.20. Denbury Resources Inc.'s shares have now fallen more than
4.50%. The stock has seen a sharp pullback after the stock failed to break
through $19 resistance level. Despite the recent losses, the stock has gained
more than 12.30% so far in 2013, compared to a gain of more than 9.50% for the
S&P 500. Shares of DNR, however, have slipped below their 50-day moving
average, which is a bearish signal. The stock's MACD has also crossed below
the signal line, which further confirms a bearish trend. Register for today's
free analysis on DNR at

http://www.StockCall.com/DNR040213.pdf

Cobalt International Energy Inc. was another major loser in the oil & gas
sector yesterday. The stock fell to an intra-day low of $27.62 before
finishing the day 1.70% lower at $27.72. The company's shares had an excellent
run in March, gaining more than 14.30%. The pullback on Monday, therefore, was
likely due to some profit booking. Cobalt International Energy's shares are
still trading well above their 50-day and 200-day moving averages. The stock
currently has support at around $27. Free report on CIE can be accessed by
registering at

http://www.StockCall.com/CIE040213.pdf

Shares of Continental Resources Inc. edged higher on Monday; however, the
gains were limited. The stock ended the day 0.12% higher at $87.03 after
touching an intra-day high of $87.25. Its shares have fallen more than 1.10%
in the last three trading sessions. Despite the recent pullback, the stock is
still up more than 18% for the year, outperforming the S&P 500, which has
gained more than 9.50% in the same period. Continental Resources' shares are
currently trading above their 50-day and 200-day moving averages. Register
with StockCall and download the research on CLR for free at

http://www.StockCall.com/CLR040213.pdf

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