Stock Watchout on Oil, Gas and Consumable Fuels Industry -- Research on Petroleo Brasileiro, Cenovus Energy, Samson Oil and Gas, and Magnum Hunter Resources

Thu Jun 19, 2014 7:10am EDT

* Reuters is not responsible for the content in this press release.

Stock Watchout on Oil, Gas and Consumable Fuels Industry -- Research on Petroleo Brasileiro, Cenovus Energy, Samson Oil and Gas, and Magnum Hunter Resources

Editor Note: For more information about this release, please scroll to bottom.

PR Newswire

LONDON, June 19, 2014 /PRNewswire/ --

On Wednesday, June 18, 2014, the NASDAQ Composite ended at 4,362.84, up 0.59%, the Dow Jones Industrial Average advanced 0.58%, to finish the day at 16,906.62, and the S&P 500 closed at 1,956.98, up 0.77%. The gains were broad based as all the sectors ended the session in positive. The S&P 500 Energy Sector Index ended the day at 722.75, up 0.75%, and the index has surged 13.30% in the last three months. Investor-Edge has initiated coverage on the following equities: Petroleo Brasileiro S.A. (NYSE: PBR-A), Cenovus Energy Inc. (NYSE: CVE), Samson Oil & Gas Ltd (NYSE MKT: SSN) and Magnum Hunter Resources Corp. (NYSE: MHR). Free technical research on PBR-A, CVE, SSN and MHR can be downloaded upon signing up at:

http://www.investor-edge.com/3963-register

On Wednesday, shares in Petroleo Brasileiro S.A. fluctuated between $16.20 and $17.02 before ending the session 3.35% higher at $16.99. Petroleo Brasileiro S.A.'s stock reported a trading volume of 9.60 million shares, below its three months average volume of 10.76 million shares. Petroleo Brasileiro S.A.'s shares have surged 4.11% in the last one month, 54.31% in the previous three months and 15.66% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $15.42 and $14.86, respectively. Moreover, shares of the company have a Relative Strength Index (RSI) of 57.29. Sign up today to read free research on PBR-A at:

http://www.investor-edge.com/3963-PBR-A-19Jun2014.pdf

Cenovus Energy Inc.'s stock edged 0.03% higher, to close the day at $31.30. The stock recorded a trading volume of 0.96 million shares, close to its three months average volume of 0.94 million shares. The stock oscillated between $31.11 and $31.41 during the session. Over the last one month and over the past three months, Cenovus Energy Inc.'s shares have gained 8.19% and 17.01%, respectively. Additionally, the stock has advanced 9.25% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $29.44 is greater than its 200-day moving average of $28.53. Additionally, the stock has an RSI of 69.69. Sign up today to read free research on CVE at:

http://www.investor-edge.com/3963-CVE-19Jun2014.pdf

On Wednesday, shares in Samson Oil & Gas Ltd recorded a trading volume of 0.98 million shares, lower than its three months average volume of 1.05 million shares. The stock ended the day at $0.43, which was 4.98% below its previous day's closing of $0.45, and registered an intraday range of $0.43 and $0.46. Samson Oil & Gas Ltd's shares have gained 3.04% in the previous three trading sessions and 34.97% in the last one month. Additionally, the company's stock has gained 3.04% since the beginning of this year. The stock is trading above its 50-day moving average of $0.37, while the 50-day moving average is below Samson Oil & Gas Ltd's 200-day moving average of $0.45. Furthermore, shares of the company have an RSI of 74.93. Sign up today to read free research on SSN at:

http://www.investor-edge.com/3963-SSN-19Jun2014.pdf

Magnum Hunter Resources Corp.'s stock finished the Wednesday's session 0.48% lower at $8.21. A total of 3.39 million shares were traded, which was below its three months average volume of 4.14 million shares. The stock moved between $8.17 and $8.30 during the session. Over the last one month and the previous three months, Magnum Hunter Resources Corp.'s shares have surged 13.40% and 6.49%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 12.31%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $8.09 is greater than its 200-day moving average of $7.48. Magnum Hunter Resources Corp.'s stock has an RSI of 53.63. Sign up today to read free research on MHR at:

http://www.investor-edge.com/3963-MHR-19Jun2014.pdf


===============
EDITOR'S NOTES:
===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


SOURCE Investor-Edge