HONG KONG, March 1 /PRNewswire/ - Today, www.WorldStreetFundamentals.com released its industry report highlighting Delta Petroleum Corp. (NASDAQ: DPTR) and Royale Energy, Inc. (NASDAQ: ROYL). 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.
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. A closure of the Suez-Canal would not represent disaster for major producers or index prices. World Street Fundamentals has highlighted Delta Petroleum Corp. for its recent extension to NASDAQ minimum listing requirements. Delta Petroleum is required to meet and maintain a minimum $1.00 bid price within180 days of February 1st, 2011. To read the report on Parker Drilling Company (NYSE: PKD), visit www.WorldStreetFundamentals.com.
Royale Energy retains strong U.S. exposure through its ownership of wells and leases located in the Sacramento Basin and San Joaquin Basin in California, as well as in Utah, Texas and Louisiana.
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.
To view fundamental and technical analysis on these two industry members we encourage investors to visit: www.WorldStreetFundamentals.com.
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FOR INFORMATIONAL PURPOSES ONLY, NO RECOMMENDATION TO BUY OR SELL SECURITIES SHOULD BE CONSTRUED FROM THIS RELEASE. WORLD STREET HAS NO RELATIONSHIP WITH THE ABOVE MENTIONED COMPANIES AND HAS NOT BEEN COMPENSATED BY ANY THIRD-PARTY.
SOURCE World Street Fundamentals