Abundant Supplies and Slowing Global Economy Pressure Oil Prices to Three-Month Low

Five Star Equities Provides Stock Research on Cabot Oil & Gas and Marathon Oil

Marketwired

NEW YORK, NY--(Marketwire - Oct 30, 2012) - Abundant supplies and concerns regarding the health of the global economy have sent oil prices on a steady decline since around mid-September. Last week oil hit a three-month low as missed earnings from major industrial companies pressured prices lower. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has fallen 5.5 percent over the last month. Five Star Equities examines the outlook for companies in the Oil & Gas Industry and provides equity research on Cabot Oil & Gas Corporation (NYSE: COG) and Marathon Oil Corporation (NYSE: MRO).

Access to the full company reports can be found at:

www.FiveStarEquities.com/COG

www.FiveStarEquities.com/MRO

Oil futures, which haven't closed below $86 since mid-July, fell to a low of $85.69 Tuesday. Oil prices have fallen approximately 13 percent this year. Weak outlooks recently provided major companies such as Caterpillar, DuPont, and 3M have raised concerns that the global economy is weakening, which could further reduce demand for oil. The Energy Information Administration earlier this month reported that oil production in the U.S. was at a 15 year high, despite lower demand.

"There is a correlation between the equity markets and the oil price," said CMC Markets analyst, Michael Hewson. "We've had various companies missing price forecasts and these concerns about the future outlook for earnings are keeping a lid on oil prices."

Five Star Equities releases regular market updates on the Oil & Gas Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent natural gas producer, with its entire resource base located in the continental United States. Shares of the company surged 10 percent last week after reporting third quarter earnings that topped analysts' estimates. Cabot reported a third quarter net income of $36.6 million, or $0.17 per share, compared to $28.5 million, or $0.14 per share, for the third quarter of 2011.

Marathon's operations are located in the United States, Angola, Canada, Equatorial Guinea, the Kurdistan Region of Iraq, Libya, Norway, Poland and the United Kingdom. The company recently reported that the Paloma acquisition, which closed in August, will add 40 net drilling locations to Marathon Oil's inventory. The company is scheduled to release third quarter 2012 results on November 6, 2012.

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