Nation's Supply Glut of Natural Gas Could Worsen With Introduction of New Pipelines Later This Year

Five Star Equities Provides Stock Research on EnCana and Devon Energy

Marketwired

NEW YORK, NY--(Marketwire - Oct 1, 2012) - In 2011, the U.S. met 81 percent of its energy demand, the highest since 1992, according to data compiled by Bloomberg. The surge in hydraulic fracturing in shale formations played a major role, and has also resulted in a vast oversupply of natural gas. According to the Energy Department's Short-Term Energy Outlook by the end of October natural gas inventories could reach a record of 3.95 trillion cubic feet. Five Star Equities examines the outlook for companies in the Natural Gas Industry and provides equity research on EnCana Corporation (NYSE: ECA)(TSX: ECA) and Devon Energy Corporation (NYSE: DVN).

Access to the full company reports can be found at:
www.FiveStarEquities.com/ECA
www.FiveStarEquities.com/DVN

New natural gas pipelines being introduced later this year will look to add to the nation's current supply
glut. New pipelines could boost deliveries from the Marcellus shale deposit in the Northeast by as much as 30 percent. According to numbers from the Energy Department there are approximately 1,000 Marcellus shale wells that are uncompleted due to a lack of pipeline access.

"There are new pipelines coming up and more Marcellus gas is going to flood storage going into winter," Price Futures Group senior market analyst, Phil Flynn, said in a recent phone interview. "Unless you get a really cold winter, prices are going to be in the $2 range."

Five Star Equities releases regular market updates on the Natural 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.

Encana last month was under investigations over allegations of collusion in recent land deals in Michigan. The company completed an independent investigation and found no evidence of wrong doing. "We hope that the results of this thorough and independent investigation will help to assure our shareholders, staff and the public that they can continue to place their confidence in Encana," company chair David O'Brien said in a statement.

Devon Energy recently announced the closing of its $1.4 billion joint venture with Sumitomo Corporation. "With the close of the Sumitomo transaction, we have now successfully entered two exploration joint ventures during 2012, approaching $4 billion in value to our company," said John Richels, Devon's president and CEO.

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