Positive Outlook for Oil Industry in 2013 as EIA and OPEC Raise Forecasts for Global Oil Demand

Five Star Equities Provides Stock Research on Linn Energy and Cobalt International Energy

Marketwired

NEW YORK, NY--(Marketwire - Feb 22, 2013) - The Oil & Gas Industry has experienced an admirable start to 2013 as improvements in the global economy has seen both the U.S. Energy Information Administration (EIA) and OPEC raise their forecasts for global oil demand in 2013. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has gained nearly 6 percent year-to-date. Five Star Equities examines the outlook for companies in the Oil & Gas Industry and provides equity research on Linn Energy LLC (NASDAQ: LINE) and Cobalt International Energy, Inc. (NYSE: CIE).

Access to the full company reports can be found at:

www.FiveStarEquities.com/LINE

www.FiveStarEquities.com/CIE

The EIA has raised its 2013 growth forecasts by 110,000 barrels per day (bpd) to 1.05 million bpd in 2013. Global oil demand is now expected to total 90.2 million bpd this year. The increase follows a report from OPEC earlier in the week projecting oil demand to increase by 840,000 bpd, 80,000 bpd higher than its previous estimate. Prices for Brent Crude have gained approximately 10 percent year-to-date hitting a 10-month high of over $118 a barrel.

"Market fundamentals and expectations strengthened in January 2013 because of earlier than-expected cutbacks in Saudi Arabian oil production and greater optimism about economic growth, particularly in China," the EIA said in its report.

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.

LINN Energy has approximately 15,000 gross productive oil and natural gas wells and achieved record annual organic production growth of 30 percent in 2011. The company recently announced it has acquired Berry Petroleum for $2.5 billion. The acquisition will increase LINN's liquids exposure to54 percent from 46 percent as Berry's reserves are approximately 75 percent oil.

Cobalt International Energy is an independent, oil-focused exploration and production company with a salt prospect inventory in the deep water of the United States Gulf of Mexico and offshore Angola and Gabon in West Africa. The company is scheduled to release fourth quarter and full year 2012 results before market open on Tuesday, February 26th.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:

www.FiveStarEquities.com/disclaimer

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