|By PR Newswire||
|June 20, 2013 11:27 AM EDT||
LONDON, June 20, 2013 /PRNewswire/ --
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The International Energy Agency (IEA) noted in a report last month that the supply shock from North American oil is rippling through global markets. The surge in North American oil production is being driven by the shale boom in the U.S. According to the IEA, the supply shock will lead to a transformation of the oil market over the next five years, which will not only result in oil companies overhauling their global investment strategies, but also reshaping the way oil is transported, stored and refined. On Wednesday, June 19, 2013, shares in oil and gas equipment and services companies ended mostly lower, tracking losses in the broader market which tumbled following the release of Federal Reserve's latest monetary policy statement. The major movers in the sector included Halliburton Company (NYSE: HAL), Cal Dive International Inc. (NYSE: DVR), Energy XXI (Bermuda) Limited (NASDAQ: EXXI), and Helix Energy Solutions Group Inc. (NYSE: HLX). AAAResearchReports.com has released full comprehensive research on HAL, DVR, EXXI, and HLX. These free technical analyses can be downloaded by signing up at
Shares in Halliburton Company saw a sharp decline on Wednesday, reversing most of their gains for the week. The company's shares traded between $43.05 and $44.35 before finishing the day 2.31% lower at $43.05. Further, the stock registered a total trading volume of 9.39 million which is slightly above the stock's daily average volume of 9.21 million. Halliburton's shares are now up 0.28% for this week. Notably, despite the sharp pullback yesterday, the stock is currently trading near its 52-week high of $45.75. Download free report on HAL upon registration at:
Cal Dive International Inc.'s stock ended slightly lower yesterday, paring some of its gains for the week. The company's shares traded between $2.02 and $2.10 before finishing the day 0.48% lower at $2.07 on a trading volume of 363,584 shares, which is well below its daily average volume of 1.29 million. The company's shares are still up by over 4.50% for this week. In the last three months, the stock has risen by nearly 17%, thus outperforming the S&P 500. DVR technical report can be accessed for free by signing up at:
Shares in Energy XXI (Bermuda) Limited moved 1.75% lower on Wednesday, tracking losses in the broader market. The company's shares ended the day at $25.82 after trading between $25.81 and $26.59. The shares recorded trading volume of 1.06 million during the session, which is below the daily average volume of 1.10 million. However, despite the sharp drop yesterday, Energy XXI's shares are still up by nearly 5% for this week. The free report on EXXI can be downloaded by signing up now at:
Helix Energy Solutions Group Inc. fell sharply yesterday, reversing some of its gains for the week. The company's shares ended the day 2.17% lower at $23.88 after trading between $23.82 and $24.55. A total of 729,652 shares were exchanged which is above the daily average volume of 677,204. Shares of Helix Energy are still up 3.2% for this week. The stock is currently trading near its 52-week high of $25.99. In the last three months, shares of this oil and gas equipment and services company have gained nearly 5%. A free report on HLX can be accessed by registering at:
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SOURCE AAA Research Reports