How Are Cobalt International Energy, Inc.(NYSE:CIE), Denbury Resources Inc.(NYSE:DNR), and EP Energy Corp(NYSE:EPE) Faring In The Oil And Gas Industry?
New York, NY – GDP INSIDER – 10/20/2014.
This article discusses three independent oil and gas companies: Cobalt International Energy, Inc.(NYSE:CIE), Denbury Resources Inc.(NYSE:DNR), and EP Energy Corp(NYSE:EPE)
As of Oct. 18th, 2014, Cobalt International Energy, Inc.(NYSE:CIE) had a bid price of $7.88 x 1,000 and an offer price of $11.75 x 1,400. These figures, combined with the company’s high trading volume of 9,473,232 on Friday, Oct. 17th, suggest that Cobalt Energy’s value may soon fluctuate. On Oct. 13th and Oct. 14th, CIE opened at $10.81 and $10.18 and closed at $10.09 and $9.79. However, the stock demonstrated the exact opposite trend during much of the rest of the week.
Denbury Resources Inc.(NYSE:DNR) is also in risk of seeing its value fluctuate, as determined by its Oct. 17th trading volume and Oct. 18th bid and offer prices. On Oct. 10th, the Texas-based company announced that it will be reporting its third quarter financial results before the markets open on Nov. 5th, 2014. As a result, daytraders may want to consider a strategy for purchasing shares on Nov. 4th, 2014. However, a Denbury Resources investment may be too risky due to the fact that the company will be hosting a conference call at 11AM EST. The context the company will add to its figures could negatively affect the stock’s value, resulting in a loss.
EP Energy Corp(NYSE:EPE) is a Texas-based independent exploration and production company that is involved in the acquisition and development of onshore oil and natural gas properties in the United States. The company holds interests in properties in Texas, Utah, and Louisiana. Recently, the price of oil has fall substantially, resulting in hard times for companies involved in the industry. While EP Energy has a 52 week high of $23.23, it traded for as little as $12.81 during the previous week.
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