The Bedford Report Provides Analyst Research on SandRidge Energy & Samson Oil & Gas
NEW YORK, NY--(Marketwire - May 12, 2011) - After a surprising 15 percent drop last week, Oil prices are once again on the upswing as investor concern that flooding on the Mississippi River could damage refineries and disrupt fuel shipments has helped push crude higher. The flooding is the latest in a series of events that have propelled oil markets this year, including political uprisings throughout North Africa and the violent conflict in Libya. The Bedford Report examines the outlook for companies in the Oil and Gas sector and provides research reports on SandRidge Energy, Inc. (NYSE: SD) and Samson Oil & Gas Limited (NYSE Amex: SSN). Access to the full company reports can be found at:
www.bedfordreport.com/2011-05-SD
www.bedfordreport.com/2011-05-SSN
Surging oil prices have fuelled profits for companies throughout the oil and gas industry, leading some companies to look at expansion opportunities.
When Oklahoma-based SandRidge Energy reported fiscal first quarter earnings last week the company said that a total of 208 gross (187 net) operated wells were completed and brought on production during the recent quarter. Oil and natural gas revenue increased 57 percent to $266.9 million in first quarter 2011 from $169.6 million in the same period of 2010 as a result of increases in oil production and realized reported oil prices.
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In recent months, investors have focused more on small cap oil and gas companies that do not have exposure to Libya and other troubled spots, but stand to benefit from oil's recent spike in price. Riding small-cap energy's run, Samson Oil & Gas recently reported that gross profit for the first half of 2010 increased 69 percent to $1.3 million from $0.7 million for the year-ago period. Net assets at the end of the period increased to 476.6 million from $25.1 million at the beginning of the period.
The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.bedfordreport.com/disclaimer.
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