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NEW YORK, March 8, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports highlighting Petroleo Brasileiro Petrobas SA (ADR) (NYSE: PBR), Ultra Petroleum Corp. (NYSE: UPL), Gulfport Energy Corporation (NASDAQ: GPOR), EXCO Resources Inc (NYSE: XCO) and Endeavour International Corporation (NYSE: END). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Petroleo Brasileiro Petrobas SA (ADR) Research Report
Shares of Brazil's state-led oil company Petroleo Brasileiro Petrobas SA surged after it announced that it will raise the wholesale price of diesel by 5 percent. After this action, analysts at Societe Generale restated their "Buy" rating on the company, noting that the company's price increase will ultimately help it cut losses from selling fuel at prices below world-market levels. The company's outlook also looks strong because of the rising demand for petroleum products in Brazil. According to Credit Suisse, the increase in diesel prices should add about "$3.6 billion to the company's bottom line" and "help ease financing pressure at Petrobras, which is in the midst of a $237 billion investment plan through 2016." By strengthening its financial position in order to push through with its investment plans, many believe that Petrobras is positioning itself for long-term growth. The Full Research Report on Petroleo Brasileiro Petrobas SA (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/3527_PBR]
Ultra Petroleum Corp. Research Report
Ultra Petroleum has outlined its plans for the coming year. The company is targeting an annual production of 228-238 Bcfe, with 70 percent of the production from Rockies and 30 percent from Appalachia. Last year, the weak natural gas fundamentals posed a challenge for Ultra Petroleum. However, natural gas prices are expected to increase in the short-term due to below average US temperatures spurring the demand for heating fuel. Over the long-term, demand for natural gas may also rise as more people from the transportation sector recognize the benefits of using the cheaper and cleaner alternative to diesel. Because of these factors, many may expect better performance from Ultra Petroleum in the coming year. The Full Research Report on Ultra Petroleum Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/d395_UPL]
Gulfport Energy Corporation Research Report
Gulfport recently beat expectations with its fourth quarter and year-end 2012 results, with oil and gas sales volumes of 2.57 million barrels of oil equivalent during 2012, up 10 percent in 2011. Recently, the company has been working to perform even better, adding a third drilling rig in Ultica Shale and improving its transportation chains. Furthermore, Gulfport Energy ended 2012 with total proved reserves of 13.88 million BOE, consisting of 8.25 barrels of oil. Seeing its potential, analysts at SunTrust raised their price target on Gulfport Energy shares from $60 to $62 and reiterated their Buy rating. In the long run, the company's continued investments in the Ultica Shale may pay off and proves encouraging. The Full Research Report on Gulfport Energy Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/87c8_GPOR]
EXCO Resources Inc Research Report
EXCO Resources recently closed its acquisition of oil and gas assets in Danville, Waskom and the Holly fields in East Texas and North Louisiana, together with its partner, the Harbringer Group, Inc. This is a welcome addition to EXCO's existing assets in the area. Going forward, the company intends to pursue more property acquisitions in its core areas as well as expand to new ones. The increasing natural gas prices also make the company optimistic about its future. With more assets at hand and a growing demand for natural gas, many may expect higher production from EXCO soon. The Full Research Report on EXCO Resources Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/e91b_XCO]
Endeavour International Corporation Research Report
Shares of Endeavour International jumped 29 percent after the company issued its fourth quarter and full year results, showing a significantly narrower loss of 15 cents per share and a higher sales volume of 11,541 barrels of oil equivalent per day. The company's Alba and Bacchus development projects in the UK proved beneficial in 2012. For the coming year, the company is working on the final drilling of the development well at Rochelle as well as the third development well at Bacchus. The company also exchanged its Haynesville assets for Pennsylvania Marcellus assets. At present, the company is reviewing strategic alternatives to enhance shareholder value, including a sale or joint venture of the company's activities in the North Sea. The company's plans to explore the full potential of its assets remain a bright spot. The Full Research Report on Endeavour International Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/a3c0_END]
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