Press Release Summary = OilandGasStockNews.com (OGSN), an investor and industry news portal within the InvestorIdeas.com content umbrella for the oil and gas sector, revisits the oil and gas trends predicted in the 'Insiders Corner' January 11, by Michael Brush.
Press Release Body = POINT ROBERTS, Wash., DELTA, B.C. February 7, 2007 - www.OilandGasStockNews.com (OGSN), an investor and industry news portal within the InvestorIdeas.com content umbrella for the oil and gas sector, revisits the oil and gas trends predicted in the 'Insiders Corner' January 11, by Michael Brush. Brush had investors considering "Is there any end in sight?" It may be just around the corner, as oil prices were bearish and in the $50 a barrel range. Predicting the cold weather trends that have set in, the Insiders Corner also reminded investors of other factors, besides the weather, that support higher energy prices including "Tensions in the Middle East".
Michael Brush, author of "Lessons From the Front Line", is an award winning financial writer that writes a weekly market column for MSN Money as well as the 'Insiders Corner' for InvestorIdeas.com Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
As far as where oil is currently trading, Eden Energy Corporation (OTCBB: EDNE) President and CEO Don Sharpe comments, "We expect oil prices to strengthen throughout the remainder of the year as geopolitical risks reemerge due to actions in Nigeria, Iran and other volatile parts of the oil producing world. We believe oil demand will continue to increase and supply will feel pressure due to smaller discoveries world wide. Heavy oil and oil sands are available to make up the difference, but these sources require a stable, higher oil price."
Michael Brush, 'Insiders Corner' http://www.investorideas.com/insiderscorner/ "Our energy bets are bruised and battered, and it's easy to see why. Investors had big bets on energy stocks, but now that crude oil has fallen 9% this year and 30% since last summer, hedge funds are heading for the exits. Is there any end in sight?
It may be just around the corner. The eerily warm weather in much of the U.S. is about to \"turn on a dime,\" predicts AccuWeather.com forecaster Joe Bastardi. " To read the full January 11th oil and gas column click here: http://www.investorideas.com/insiderscorner/Articles/011107.asp Featured Oil and Gas Stocks Sponsor: Eden Energy Corporation (OTCBB: EDNE) is an exploration and developer focused on large-scale oil and gas projects with significant resource potential. The Company's Noah project in eastern Nevada contains exceptionally rich source rocks, large thrusted rollover structures, and an excellent potential reservoir rock. The area is similar to thrust belts and basins throughout the world, which contain approximately one quarter of the world\'s proven reserves of oil and gas. The Chinchaga prospect in Northern Alberta also targets dolomitized Devonian reservoirs and its large resource potential fits well with the Company\'s goals. These high potential projects are balanced by the low risk development project at White River Dome in Colorado. For More Info: http://www.oilandgasstocknews.com/CO/EDNE/Default.asp
OGSN is compensated by Eden Energy as disclosed in disclaimer. OilandGasStockNews.com is a global investor and industry research portal for the oil and gas sector. The website does not make stock recommendations but features industry and stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks in the sector. For investors researching the sector, the site lists companies participating in the oil and gas industry click here: http://www.oilandgasstocknews.com/OGSN/Stock_List.asp Additionally, the portals offer a service for oil and gas news and press release submission at: http://investorideas.com/NewsUploader/ as well as research and article submission at: http://investorideas.com/NewsUploader/Submit_Article/.
Investorideas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. These sites are currently compensated by featured companies, news submissions and online advertising. Eden Energy Corporation (OTCBB: EDNE): Three thousand five hundred dollars per month. Investorideas.com was not compensated by Panhandle Royalty.
For more information contact: Dawn Van Zant 800.665.0411 Ann-Marie Fleming 866.725.2554 Email: dvanzant@investorideas.com, or afleming@investorideas.com Web Site: www.InvestorIdeas.com
Source: OilandGasStockNews.com, Eden Energy Corp
Web Site = http://www.oilandgasstocknews.com
Contact Details = Dawn Van Zant 800.665.0411 Ann-Marie Fleming 866.725.2554 Email: dvanzant@investorideas.com, or afleming@investorideas.com Web Site: www.InvestorIdeas.com
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