Crude Oil May Reach $150 in Four Years
Bloomberg reports that Crude oil may rise to as much as $150 a barrel over the next three to four years.
Bloomberg reports that Crude oil may rise to as much as $150 a barrel over the next three to four years.
Bloomberg reports that Oil options volatility strengthened as the underlying crude futures rose to a 26-month high.
NASDAQ reports that Commodities finished higher for the day as crude futures while gold futures rallied to a new record high as the dollar strengthened.
Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.
Cinch Energy Corp. (TSX:CNH) reported that the company has drilled and is casing a potential Wabamun gas well.
FairWest Energy Corporation (TSX VENTURE:FEC) that the company is continuing to operate under the terms of a Forbearance Agreement with its principal lender which was designed to allow the Company to comply with the terms of its credit facility with the Bank.
Sherritt International Corporation (TSX:S) reportec that the company has approved a quarterly dividend, with respect to the first quarter of 2010, of $0.036 per common share, payable April 14, 2010 to shareholders of record as of the close of business on March 31, 2010.
Delphi Energy Corp. (TSX:DEE) announced the company's crude oil and natural gas reserves information for the year ended December 31, 2009.
Xtreme Oil and Gas, Inc. (PINKSHEETS: XTOG) reported the Company has filed the Form 10 with the Securities and Exchange Commission (SEC).
Magnum Hunter Resources Corporation (NYSE Amex: MHR) (NYSE Amex: MHR-PC) reported that the Company has closed on the previously announced acquisition of privately-held Triad Energy Corporation and affiliates, an Appalachian Basin focused energy company.
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