Energy-Stock Speculators Seek Profit Opportunities in Oil Stocks as Analyst are Calling for Eventual Rebound in Energy Sector - Company Closes Major Acquisition

CORAL SPRINGS, Florida, February 5, 2015 /PRNewswire/ --

Oil futures fell just over 8.5% on Wednesday recording their first loss in five trading sessions leading to speculation that a sharp decline in U.S. drilling activity will result in supply declines.  Leading Oil and Gas/Energy Companies in Focus Today are:  Hawker Energy, Inc. (OTCBB: HWKR), Petrobas (NYSE: PBR), FirstEnergy Corp. (NYSE: FE), Rex Energy Corporation (NASDAQ: REXX) and Cabot Oil & Gas (NYSE: COG).

Hawker Energy, Inc. (OTCQB:HWKR) announces it closed its previously-announced acquisition of 100% of the shares of TEG Oil & Gas U.S.A., Inc. ("TEG") from Sefton Resources, Inc. (LON:SER) ("Sefton").  TEG owns the Tapia Canyon and Eureka oil fields in California, as further described below. 

Read the full HWKR Acquisition News at: http://www.financialnewsmedia.com/profiles/hwkr.html

Hawker purchased all of the shares of TEG by issuing 3 million shares of Hawker's common stock and a five-year warrant to purchase up to an additional 5 million shares of Hawker's common stock for $0.25 per share.  In addition, Hawker and its subsidiary have made a number of advances totaling approximately $1.65 million to TEG beginning April 2014 through the present, pursuant to a secured subordinated note.  This amount constitutes additional consideration for the acquisition, as this loan receivable will not be settled prior to the closing of the acquisition of TEG. 

Darren Katic, Chief Executive Officer of Hawker, stated, "This is a transformative event for the Company and its shareholders. We have acquired a low-risk development asset capable of producing over 500 barrels per day and in the process filled key spots in our management team.  The Company is well positioned to develop these newly acquired assets, to better exploit our legacy portfolio and to capitalize on current market conditions as an opportunistic buyer of reserves in California."

In other Gas & Oil Energy Happenings around the sector: Petrobras (NYSE: PBR) Execs Stepped Down Before Scandal Case Revealed More - Six senior managers of Brazilian oil giant Petrobras, including the CEO Maria Graças Foster, asked to resign on Tuesday before becoming implicated in Brazil's largest financial crime. The move surprised president Dilma Rousseff, who has tried to shield her friend Foster from an ongoing investigation into money laundering at Petrobras, a state controlled company.  Foster said that the company overstated its assets by around R$88 billion, or roughly $41 billion.  Until recently, Petrobras was Brazil's largest company. But the scandal has wiped out roughly $30 billion from the company's market cap. The company has yet to release third quarter earnings because its auditor, Pricewaterhouse Coopers, has refused to sign off of them until the investigation is complete...  Read the full story at http://www.forbes.com/sites/kenrapoza/2015/02/04/petrobras-execs-stepped-down-before-scandal-case-revealed-more/?utm_source=yahoo.com&utm_medium=partner&utm_campaign=yahootix&partner=yahootix

FirstEnergy Corp.'s (NYSE: FE) subsidiaries Pennsylvania Power Company (Penn Power), West Penn Power Company (West Penn Power), Metropolitan Edison Company (Met-Ed) and Pennsylvania Electric Company (Penelec) recently filed settlement agreements with the Pennsylvania Public Utility Commission (PPUC) for their comprehensive distribution rate plans.  The new rates would still, on average, be lower than the rates charged today by other Pennsylvania utilities.  For Penn Power, this would be the first base distribution rate increase in 26 years; for West Penn Power, the first in 20 years; for Met-Ed, the first in 23 years; and for Penelec, the first in 29 years. Read more here: http://finance.yahoo.com/news/settlements-achieved-firstenergys-pennsylvania-utilities-170000338.html

Rex Energy Corporation (NASDAQ: REXX) recently announced its total estimated proved oil, NGL and natural gas reserves as of December 31, 2014. Rex Energy reported proved oil and natural gas reserves as of December 31, 2014 of 1,337 Bcfe, an increase of approximately 487.0 Bcfe, or 57% from total proved reserves reported at year-end 2013. Proved developed reserves were 586.7 Bcfe at year-end 2014, as compared to 356.5 Bcfe at year-end 2013, a 65% increase. In addition, the company's PV-10 (a non-GAAP measure of estimated future cash flows, excluding income taxes, discounted at 10%) increased approximately $536.6 million, or 80% to $1.2 billion, from year-end 2013 PV-10 of $668.7 million. Of the approximately 1.3 Tcfe of total proved reserves, 37% was attributable to oil, condensate and natural gas liquids, with 63% attributable to natural gas. The proved reserves estimates as of December 31, 2014 were prepared by the company's independent reservoir engineers, Netherland, Sewell & Associates, Inc. (NSAI). Rex Energy successfully replaced 972% of its estimated production of 56,352 MMcfe for the twelve months ended December 31, 2014 with a proved reserves-to-production ratio of 23.7 years. For more information on proved reserves and related information, see "Note on Hydrocarbon Volumes and Estimates" below. Read more here: http://finance.yahoo.com/news/rex-energy-announces-2014-proved-210100658.html

Cabot Oil & Gas (NYSE: COG), an independent oil and gas company, is engaged in the development, exploitation, exploration, production, and marketing of natural gas, crude oil, and natural gas liquids in the United States. The company primarily focuses on the Marcellus Shale in northeast Pennsylvania with approximately 200,000 net acres in the dry gas window of the play; and the Eagle Ford Shale in south Texas with approximately 60,000 net acres in the oil window of the play. It also transports, stores, gathers, and produces natural gas for resale. The company sells its natural gas to industrial customers, local distribution companies, and gas marketers through on and off its pipeline and gathering system, as well as to intrastate pipelines, natural gas processors, and marketing companies. On Wednesday, COG closed down 3.2% at $26.63 on over 10 million shares traded by the market close.

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