Uncertainty in Libya Keeps Pressure on Oil Prices - Industry Report Featuring Chesapeake Energy and Petrohawk Energy

Mar 04, 2011, 09:01 ET from World Street Fundamentals

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HONG KONG, March 4 /PRNewswire/ - Today, www.WorldStreetFundamentals.com released its industry report highlighting Chesapeake Energy Corporation (NYSE: CHK) and Petrohawk Energy Corporation (NYSE: HK). 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 Chesapeake Energy for its 98% drilling success rate and status as the industry's most active drilling program, drilling 1,445 gross operated wells (938 net wells with an average working interest of 65%) and participating in another 1,586 gross wells operated by other companies (211 net wells with an average working interest of 13%). To read the report on Chesapeake Energy Corporation (NYSE: CHK), click here: www.WorldStreetFundamentals.com/ViewFullReport.CHK.php.

World Street recognized Petrohawk Energy due to its strong guidance for 2011, excellent track-record in hedging revenues streams, and recent breakthroughs with its HiWAY fracturing technique. The new technique combines fit-for-purpose fracture modeling, fracturing fluids and high-frequency proppant pulsations resulting in 32-37% Expected Ultimate Recovery (EUR) increases to well production. To read the report on Petrohawk Energy Corporation (NYSE: HK), click here: www.WorldStreetFundamentals.com/ViewFullReport. HK.php.

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SOURCE World Street Fundamentals