Before the Bell Scans of Kodiak Oil & Gas, Nabors Industries, Noble, Pengrowth
Energy, and Vantage Drilling
LONDON, April 3, 2013
LONDON, April 3, 2013 /PRNewswire/ --
The shale oil and gas revolution in the U.S. has emerged as the biggest trend
in the oil and gas drilling & exploration sector. The U.S. is expected to
overtake Saudi Arabia as the world's largest producer of oil in the next few
years, thanks to the shale boom. The shale boom has prompted several oil and
gas companies to focus their drilling and exploration operations in the U.S.
For companies such as Kodiak Oil & Gas Corp. (NYSE: KOG), Nabors Industries
Ltd. (NYSE: NBR), Noble Corporation (NYSE: NE), Pengrowth Energy Corp. (NYSE:
PGH) and Vantage Drilling Company (AMEX: VTG), the shale revolution offers
significant opportunities. Oil and gas stocks ended mostly lower on Tuesday
despite the rally in the broad market. StockCall has taken an interest in
these companies and you can now sign up to download the free technical
research on KOG, NBR, NE, PGH, and VTG at
Kodiak Oil & Gas Corp. shares struggled in trading on Tuesday. The stock fell
1.80% to finish the day at $8.73, which was also its intra-day low. The
company's shares have now fallen more than 5% in the last three trading
sessions. Shares of KOG have slipped below their 50-day and 200-day moving
averages as a result of the recent sell-off. The stock's MACD has also slipped
below the zero-line. Kodiak Oil & Gas shares currently have support at $8.60.
Sign up today to read the free research report on KOG at
Nabors Industries Ltd. shares also fell in yesterday's trading session. The
stock ended the day 0.96% lower at $15.47 after touching an intra-day low of
$15.39. Nabors shares have now fallen nearly 3.80% in the last three sessions.
Despite recent losses, the stock is still up more than 7.30% for the year.
Nabors Industries shares are currently trading below their 50-day moving
average, which is a bearish signal. The negative trend is further confirmed by
the stock's MACD chart. Register to download the free technical analysis on
Noble Corporation's shares were among the major losers in the oil and gas
sector on Tuesday. The stock fell to an intra-day low of $36.53 before
finishing the day 3.20% lower at $36.65. Noble's shares have slipped below
their 50-day moving average as a result of the sharp decline yesterday. This
is a bearish signal. Year-to-date, the stock is still up more than 5.60%. Free
report on NE can be accessed by registering at
Pengrowth Energy Corp.'s shares fluctuated between gains and losses before
ending the flat at $5.07 on Tuesday. The stock touched an intra-day low of
$5.07 and an intra-day high of $5.19. Pengrowth's shares have bottomed out at
around $5 after falling sharply from $5.50 resistance level. The stock's MACD
chart, however, is still giving bearish signals. The company's shares have
gained more than 4.50% so far in 2013, underperforming the broad market.
Register with StockCall and download the research on PGH for free at
Shares of Vantage Drilling Company also finished flat in Tuesday's trading
session. The stock closed at $1.72 after trading between $1.71 and $1.74. The
company's shares are down more than 3.30% in the last three sessions. The
stock recently slipped below its 50-day moving average, which is a bearish
signal. The negative trend is further confirmed by the MACD chart.
Year-to-date, the stock has fallen more than 6%. Read the full free research
on VTG by signing up to StockCall at
StockCall.com is a financial website where investors can have easy, precise
and comprehensive research and opinions on stocks making the headlines. Sign
up today to talk to our financial analyst at
Contact: Contact Person: William T. Knight, Email: email@example.com, Contact
Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST).
Press spacebar to pause and continue. Press esc to stop.