Before the Bell Scans of Kodiak Oil & Gas, Nabors Industries, Noble, Pengrowth Energy, and Vantage Drilling
LONDON, April 3, 2013 /PRNewswire/ --
The shale oil and gas revolution in the U.S. has emerged as the biggest trend in the oil and gas drilling & exploration sector. The U.S. is expected to overtake Saudi Arabia as the world's largest producer of oil in the next few years, thanks to the shale boom. The shale boom has prompted several oil and gas companies to focus their drilling and exploration operations in the U.S. For companies such as Kodiak Oil & Gas Corp. (NYSE: KOG), Nabors Industries Ltd. (NYSE: NBR), Noble Corporation (NYSE: NE), Pengrowth Energy Corp. (NYSE: PGH) and Vantage Drilling Company (AMEX: VTG), the shale revolution offers significant opportunities. Oil and gas stocks ended mostly lower on Tuesday despite the rally in the broad market. StockCall has taken an interest in these companies and you can now sign up to download the free technical research on KOG, NBR, NE, PGH, and VTG at
Kodiak Oil & Gas Corp. shares struggled in trading on Tuesday. The stock fell 1.80% to finish the day at $8.73, which was also its intra-day low. The company's shares have now fallen more than 5% in the last three trading sessions. Shares of KOG have slipped below their 50-day and 200-day moving averages as a result of the recent sell-off. The stock's MACD has also slipped below the zero-line. Kodiak Oil & Gas shares currently have support at $8.60. Sign up today to read the free research report on KOG at
Nabors Industries Ltd. shares also fell in yesterday's trading session. The stock ended the day 0.96% lower at $15.47 after touching an intra-day low of $15.39. Nabors shares have now fallen nearly 3.80% in the last three sessions. Despite recent losses, the stock is still up more than 7.30% for the year. Nabors Industries shares are currently trading below their 50-day moving average, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. Register to download the free technical analysis on NBR at
Noble Corporation's shares were among the major losers in the oil and gas sector on Tuesday. The stock fell to an intra-day low of $36.53 before finishing the day 3.20% lower at $36.65. Noble's shares have slipped below their 50-day moving average as a result of the sharp decline yesterday. This is a bearish signal. Year-to-date, the stock is still up more than 5.60%. Free report on NE can be accessed by registering at
Pengrowth Energy Corp.'s shares fluctuated between gains and losses before ending the flat at $5.07 on Tuesday. The stock touched an intra-day low of $5.07 and an intra-day high of $5.19. Pengrowth's shares have bottomed out at around $5 after falling sharply from $5.50 resistance level. The stock's MACD chart, however, is still giving bearish signals. The company's shares have gained more than 4.50% so far in 2013, underperforming the broad market. Register with StockCall and download the research on PGH for free at
Shares of Vantage Drilling Company also finished flat in Tuesday's trading session. The stock closed at $1.72 after trading between $1.71 and $1.74. The company's shares are down more than 3.30% in the last three sessions. The stock recently slipped below its 50-day moving average, which is a bearish signal. The negative trend is further confirmed by the MACD chart. Year-to-date, the stock has fallen more than 6%. Read the full free research on VTG by signing up to StockCall at
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