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Despite the Recent Pull Back in Oil Prices, is Global Stabilization Possible?


News provided by

FinancialBuzz.com

Aug 30, 2016, 09:00 ET

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NEW YORK, August 30, 2016 /PRNewswire/ --

Despite the recent fall in oil prices there are positive news that suggest a stabilized market is in the near future. Recently in the news, Iran has promised to work with OPEC members to help in the stabilization process of the global oil market, as long as others respect Iran's right to become an efficient part of the market. Iran's oil minister, Bijan Namdar Zanganeh, confirmed that Iran will participate in a meeting of OPEC members next month in Algiers, which is expected to be the first meeting in hopes of normalize relations. International Western Petroleum, Inc. (OTCQB: INWP), Approach Resources Inc. (NASDAQ: AREX), Marathon Oil Corporation (NYSE: MRO), Hess Corp. (NYSE: HES), Pioneer Natural Resources (NYSE: PXD)

"Iran will cooperate with OPEC to help the oil market recover, but expects others to respect its rights to regain its lost share of the market," Bijan Namdar Zanganeh said. As for American oil producers, fracking has been an important component, keeping the local companies relatively resilient to global market instability. It is through fracking American companies learned how to extract more for less.

American companies are consistently looking to increase fracking production levels. Smaller companies like International Western Petroleum, Inc. (OTCQB: INWP), which focuses on the acquisition, development and exploration of crude oil and natural gas properties in Texas. The company recently announced that it has completed its application to up-list to NASDAQ Capital Markets, to increase the company's recognition and value.

Chairman of International Western Petroleum, Inc.,  Dr. Benjamin Tran stated, "… management believes that we are ready to take on the new challenge and responsibility of moving up to a very reputable national exchange where we will fully utilize NASDAQ's visibility assets and global network to transform intelligence into action through NASDAQ Corporate Solutions. We look forward to becoming a trading member of the NASDAQ exchange in the near future after having achieved additional corporate milestones. A move to NASDAQ will increase our company's investor recognition, visibility, and value."

Small cap companies like Approach Resources Inc. (NASDAQ: AREX) for example has risen from their 52 week lows on February 26th this year at $.60, all the way to this year's high of $3.55 on August 29th, rebounding a whopping 433% in a short period of time.

Small-cap companies are the first to take a hit and usually the first that rally back up, larger companies have seen volatile moves as well but on a smaller percentage scale. Shares of companies like Marathon Oil Corporation (NYSE: MRO) continuing a strong rally of about 23% since the beginning of August, and Hess Corp. (NYSE: HES) increased in value 10% in a month.

Some of the larger companies were excited recently about their fracking capabilities at low costs. For example, CEO of Pioneer Natural Resources (NYSE: PXD), Scott Sheffield recently said that improved methods of hydraulic fracturing have reduced production costs in certain areas of Taxes.

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About FinancialBuzz.com      

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. Financialbuzz.com has signed a three month financial news pr services agreement directly from international western petroleum inc. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting the high quality and sophisticated content on this site along with other financial news pr media services. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com agreed to a three month financial news pr services agreement for twenty five thousand restricted common shares directly from international western petroleum inc. We do not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security.  FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print.  Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

Media Contact:

Danny A.

[email protected]

+1-877-601-1879

SOURCE FinancialBuzz.com

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