Oil and Gas Stocks Worth Watching as OPEC Production Cuts Fuel Positive Outlook – Petro River Oil
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Oil and Gas Stocks Worth Watching as OPEC Production Cuts Fuel Positive Outlook

PALM BEACH, Florida, February 9, 2017 /PRNewswire/ —

With the recent activity of OPEC production cuts of 1.14 million bpd (compared to eventual planned cuts of 1.2 million bpd) coupled with President Trump’s revival of pipeline projects are contributing to Oil & Gas Industry’s positive outlook in 2017. Production from American shale oil producers appears poised to increase over the next 24 months while Oil production in the Gulf of Mexico recently reached record levels, and several companies have opened new areas of production this year. Although there is a tendency among investors to consider well-known names during an upturn simply because it is the easiest route, there are plenty of emerging Oil & Gas companies worth the look today as optimism for the future builds. Oil and Gas companies with recent developments in the industry include: Petro River Oil Corp. (OTC: PTRC), PBF Energy Inc. (NYSE: PBF), Whiting Petroleum Corporation (NYSE: WLL), PetrĂ³leo Brasileiro S.A. – Petrobras (NYSE: PBR) and SeaDrill Limited (NYSE: SDRL)

 

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