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Zacks Analyst Blog Highlights: PetroChina Company Ltd., Sinopec, Total SA, CNOOC Ltd. and Vodafone – Press Releases

Zacks Market Commentaries (September 2nd, 2009) Writes:

For Immediate Release

Chicago, IL – September 2, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: PetroChina Company Ltd. (PTR), Sinopec (SNP), Total SA (TOT), CNOOC Ltd. (CEO) and Vodafone (VOD).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s Analyst Blog:

PetroChina Sings 'O Canada'

Yesterday, PetroChina Company Ltd. (PTR), the largest integrated oil company in China, agreed to pay C$1.9 billion ($1.7 billion) to acquire a majority stake in two oil sands projects in western Canada.

As per the terms of the agreement with Athabasca Oil Sands Corp.

...

PetroChina Sings ‘O Canada’ – Analyst Blog

Zacks Market Commentaries (September 1st, 2009) Writes:
Yesterday, PetroChina Company Ltd. (PTR), the largest integrated oil company in China, agreed to pay C$1.9 billion ($1.7 billion) to acquire a majority stake in two oil sands projects in western Canada. As per the terms of the agreement with Athabasca Oil Sands Corp. (a privately held Calgary-based group), the Chinese energy giant will purchase a 60% working interest in the Canadian company’s proposed MacKay River and the Dover ventures in northern Alberta. The deal, which awaits certain regulatory approvals, is currently the largest venture by China in Canadian oil sands. According to an independent third party evaluation, the oil sands that PetroChina plans to exploit are estimated to contain as many as five billion barrels of reserves, about half of Athabasca’s total recoverable resources. Peak production from the two sites is projected to reach 300,000 – 500,000 barrels per day, with first volumes expected in ...

Strata Oil and Gas Inc. (SOIGF.OB) Begins Readying for Production of Peace River Property, Expects 56,000 bpd Peak

QualityStocks (July 1st, 2009) Writes:

Getting your ducks in a row before you make a move is the best way to start a new project. Understanding possible conditions , whether likeable or not, is the best rout toward to profit. This obvious fact is also an indicator that a company is paying attention and ready to capitalize on an opportunity. When an investor can recognize a company following this rout, they may have well found a solid profit opportunity.

Strata Oil and Gas Inc., a junior oil and gas development company, works to develop all mineral opportunities but primarily carbon-hosted Bitumen oil deposits. Its current project is located in the Peace River region of Alberta, Canada where it is 100% lease owner of approximately 122,000 acres of land.

From all indications, and extensive testing on its initial tracts, the company does appear to have found extensive deposits and be on the verge of production. In this particular

...

Oil Price Hits Six-Month High – Are We Headed Higher?

QualityStocks (May 27th, 2009) Writes:

Today, the price of oil rose to a six-month high of $63.45 and the national average price for a gallon of regular unleaded gasoline rose to $2.655. In the last month alone, the price for a barrel of light crude oil increased approximately 25%. Is this the peak of the rally or should we expect even higher prices?

According to Saudi oil minister Ali al-Naimi, prices will keep increasing since demand is “picking up, especially in Asia”. Nuaimi said, “You bet we’re seeing it (increased demand) from some of our customers for more oil and we’re providing it… There is a lot of optimism in what I am saying because I see the recovery coming.”

Just this month, two different OPEC spokesmen have stated that oil has to go to at least $75 per barrel, otherwise production will either be cut, or would not be increased when the world economy expands, which

...

Enterprise Oilfield Group, Inc. (TSX: E) Offers a Comprehensive Array of Services

QualityStocks (January 28th, 2009) Writes:

With a fleet of over 260 trucks and heavy-duty units, Enterprise Oilfield Group is capable of building pipelines, facilities and installing underground utilities anywhere in Northern and Central Alberta. The company works with both the oil & gas and utility markets, with the majority of projects in pipeline construction and the minority in underground utility installation.

Enterprise specializes in small to medium diameter pipeline construction and maintenance projects primarily on steel gathering system pipe under 12″ in diameter. With pipeline construction operations based in Slave Lake, Peace River, and Wainwright, Alberta, the company offers: Pipeline construction, Pipeline repair and maintenance, Facilities construction and maintenance, Directional drilling and large diameter tunneling, Well head tie-ins, CO2 and water injection projects, as well as road and lease construction.

Utilizing its fully integrated heavy haul trucking division, Enterprise can meet its own transportation and logistics needs for materials,

...

Enterprise Oilfield Group, Inc. (TSX: E) Third Quarter Results; Long Term Outlook

QualityStocks (January 20th, 2009) Writes:

Recently, Enterprise Oilfield Group, Inc. reported that its consolidated revenue for the three months ended September 30, 2008 totaled $8.7 million versus $8.5 million for the third quarter of the year prior. The Company had EBITDAS of $1.6 million and a net income of $0.6 million for the quarter.

The management team believes the long term outlook for the company’s business segments is positive. Although continuing credit market instability will likely be unfavorably to the energy industry during 2009, Enterprise is well positioned due to the diversity of its business and strong performance of its infrastructure services division. The company has a history of success as a result of the commitment of its field staff to provide excellent service to its customers regardless of industry conditions, and the management’s commitment to prudent financial management.

Enterprise intends to continue to actively pursue opportunities to enter new

...

Tamm Oil & Gas Corp. (TAMM.OB) Continues Oil Sand Lease Development and Testing

QualityStocks (November 4th, 2008) Writes:

Anybody listening to the markets today has likely heard “long-term horizon” more than once or twice. For the most part, long term is what most investors are planning for as they wait for a recovery to begin. With this in mind, thinking about companies that have a longer lead time to market may be a wise idea. The investment may appear less then wise at this point in time, but down the road it may become a play that turns profitable for those that got ahead of the curve.

Tamm Oil & Gas Corp., a development stage oil sand exploration and development company, works to discover and develop oil sand leases primarily in Canada. The company is currently working in the acquisition phase of its exploration process with several larger leases either signed for geological testing or in process.

Although the company is in the initial stages of its exploration program,

...

Strata Oil & Gas Inc. (SOIGF.OB) Reports Potential of Major “Heavy Oil” Deposits in Canada

QualityStocks (August 14th, 2008) Writes:

The next quarter thinkers of today’s investment world can tend to be fairly short-sighted. Profits for any given quarter are important but not necessarily an indication of where the company may be going. A “miss” in this or next quarter may seem like poor performance, unless one sees that the company was merely positioning itself for a larger score next year. Vision is not something one sees in a quarterly report but rather what could happen to profits down the road.

Strata Oil & Gas Inc., a junior development-stage oil and gas exploration company, works to identify and develop oil and gas sites primarily in Alberta Canada. The company’s primary investigative site is in the “heavy oil” (carbonate-hosted bitumen) regions of the Peace River, Alberta.

Although the company is in the initial stages of analysis for its Peace River carbonate-hosted bitumen leases, management has seen solid results (company position 124,000 acres with

...

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