HONG KONG, March 8 /PRNewswire/ - Today, www.WorldStreetFundamentals.com released its industry report highlighting Samson Oil & Gas Limited (NYSEAmex: SSN)(ASX:SSN) and SandRidge Energy Inc. (NYSE: SD). As the Middle Eastern situation continues to press concerns, it brings the potential for destabilizing a geo-strategically important region. Investors from around the world are invited to view fundamental and technical analysis at www.WorldStreetFundamentals.com/Reports.php.
Libya is a key OPEC member and accounts for about 2% of global oil supplies. Oil production from Egypt remains a smaller contributor, producing a little bit less than 1% of the world's total supply. Together, the Suez-Mediterranean pipeline and the canal itself account for three million barrels a day out of a total of about 88 million barrels worldwide, representing 3.5% of world production.
Fundamentals of the U.S. economy are expected over the long-term to continue recovery. Many investors are using weakness resulting from the Libya unrest as an opportunity to own quality names that enjoy strong earnings momentum and economic leverage.
World Street Fundamentals has highlighted SandRidge Energy for its control of 185,000 net acres in the Central Basin Platform in West Texas and new lease of 780,000 net acres in the Mississippian oil play in Northern Oklahoma and Southern Kansas. The company's focus on developing shallow, permeable, carbonate reservoirs with decades of production history has kept costs low gaining an advantage over industry average cost increases. To read the report on SandRidge Energy Inc. (NYSE: SD), click here: www.WorldStreetFundamentals.com/ViewFullReport.SD.php.
World Street recognizes Samson Oil & Gas' recent 54% increase in oil production in the quarter as a result of the commencement of production from the Bakken formation in Samson's Gary well. Recent market activity, volume increase and price growth has been sparked by a report from EnerCom Incorporated. Inside the report, EnerCom estimated Samson's unrisked long term NAV per basic share (ADS) to range between $3.30 and $11.57. To read the report on Samson Oil & Gas Limited (NYSEAmex: SSN)(ASX:SSN), click here: www.WorldStreetFundamentals.com/ViewFullReport.SSN.php.
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SOURCE World Street Fundamentals