Samson Oil Showing Promising Growth While HyperDynamics Frightens Investors
The Bedford Report Provides Equity Research on Samson Oil & HyperDynamics Corporation
New York, NY (Marketwire) - Oil and gas explorers have turned to more profitable business segments in recent quarters. With natural gas prices stagnating this year, explorers have focused on the more lucrative oil and liquids markets to keep profits strong. Natural gas prices could be due for a turnaround in the near future, however, as demand is expected to surge. The Bedford Report examines the outlook for companies in the Oil and Gas sector and provides equity research on Samson Oil & Gas Limited (NYSE Amex: SSN) (ASX: SSN) and HyperDynamics Corporation (NYSE: HDY). Access to the full company reports can be found at:
www.bedfordreport.com/SSN
www.bedfordreport.com/HDY
The US Energy Information Administration (EIA) has observed markedly higher levels of volatility in the pricing of WTI crude since early August. This coincides with similar volatility in global stock markets in the wake of the US and European debt crises, and highlights the extent of the correlation that has developed between financial and oil markets. The price of oil ended last week lower than it began, despite a surge of trading that temporarily pushed crude above $100 at midweek for the first time since July.
Gas prices, meanwhile, have remained low for most of 2011. As a result, several high profile oil and gas explorers are increasing production of more lucrative oil and liquids as oil trades at its highest level relative to gas. US oil production will reach 5.92 million barrels a day in 2012, up 4 percent from 2011 and the highest amount since 1998, according to the US Energy Department. Meanwhile Gas output is forecast to grow a mere two percent to 66.87 billion cubic feet a day in 2012, slower than the 6.1 percent increase this year.
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While in the doldrums at the moment, gas demand is expected to surge higher in the long term. The retirement of coal-fired plants due to toughening environmental standards in the US would increase the share of total electric power generation fueled by natural gas by 6 percentage points, according to Fitch Ratings.
Samson Oil & Gas Limited is an Australian based oil & gas company holding extensive development and exploration acreage in the USA. For the period ended September 30, 2011, Samson's oil production increased by 18% over the prior quarter, while the company's gas production increased by 4%, following the commencement of sales of gas late in the quarter from the company's North Stockyard field.
Hyperdynamics Corporation has been looking for offshore oil deposits near the Republic of Guinea and Northwest Africa. The company reported a third quarter net loss of $4.38 million, or 3 cents per share, compared with $2.88 million, or 3 cents per share, in the same part of 2010. The company frightened investors with its warning that it has yet to generate any revenue, "and there is no assurance when we will, if ever."
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SOURCE: The Bedford Report