StockPreacher.com Issues Cautious Trading Outlook for Gasco Energy Inc.
DALLAS, Sept. 14, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring oil and gas explorer Gasco Energy Inc. (AMEX:GSX). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Gasco Energy Inc. (Amex:GSX) should be of particular interest to other hydrocarbon energy companies: Anadarko Petroleum Corp. (NYSE:APC), Warren Resources Inc. (Nasdaq:WRES), Bill Barrett Corp. (NYSE:BBG) and American Oil & Gas Inc. (Amex:AEZ).
It is available at: GSX" target="_top">http://www.stockpreacher.com/n/GSX
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Gasco Energy Inc. (GSX) is in the business of development and exploration of natural gas and crude petroleum primarily in the Rocky Mountain area of the United States, which represents the largest untapped, drillable potential for natural gas supply in North America.
In the report, the analyst notes:
"GSX currently operates in a challenging environment where a slowdown in global economy is affecting credit markets and commodity prices. In July, Baker Hughes reported that rig counts, which reflect the oil and gas industry's health, reportedly dropped by more than 50% over the year ended mid-July 2009, from 1,928 to 920. Prior to the start of the first quarter of 2009, a report at First Research already forecast the output of U.S. natural gas extraction and crude petroleum production to decline at an annual compounded rate of 4% between 2008 and 2013.
"GSX mentioned in its most recent 10-Q that it has entered into commodity derivative instruments for 2009 through the first quarter of 2011 to mitigate the impact of lower commodity prices on its cash flows. The Company stated that in the event that commodity prices stay depressed or decline further, its cash flows from operations would be reduced even taking into account its commodity derivative instruments for 2009, 2010 and 2011, and may not be sufficient when coupled with available capacity under its Credit Agreement to meet its working capital needs, causing the Company to alter its business plans, including further reduction in its exploration and development plans."
To read the entire report visit: GSX" target="_top">http://www.stockpreacher.com/n/GSX
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StockPreacher.com is a small-cap research and investment commentary provider. StockPreacher.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on StockPreacher, please visit: http://www.stockpreacher.com
StockPreacher.com Disclosure
StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly-owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.
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