Forest Oil (NYSE:FST) was upgraded by Barclays (NYSE:BCS) from "Equalweight" to "Overweight."
Ongoing success in production is seen as potentially driving the upside of the company.
"Continued success in the Granite Wash could drive some upside to our production estimates in '10 and '11. Success in the Nikanassin play in Canada and Eagle Ford Shale could have a greater impact to the growth profile in 2012 and beyond," said Barclay.
The price target on Forest Oil was also increased by Barclays from $38 a share to $40 a share.
Showing posts with label Oil Shale. Show all posts
Showing posts with label Oil Shale. Show all posts
Monday, September 13, 2010
Wednesday, March 10, 2010
Exxon Mobil (NYSE:XOM) Chasing Shale Fields
Exxon Mobil and Shale
Slow to get into the enormous potential represented by shale fields, Exxon Mobil has now smelled the roses and is sprinting to catch up with some of its rivals who have been quietly working to cut costs to extract oil and gas from teh shale.
This is why Exxon recently bid $31 billion to acquire XTO Energy (NYSE:XTO) to get back ahead of the curve. XTO is the leading company which extracts energy from what is called "unconventional" sources.
With most large discoveries behind oil and gas companies (possibly other than those under the ocean floor), large energy companies are looking for new sources of gas and oil, with shale being the next wave of source for the industry.
Exxon Mobil and Shale
Slow to get into the enormous potential represented by shale fields, Exxon Mobil has now smelled the roses and is sprinting to catch up with some of its rivals who have been quietly working to cut costs to extract oil and gas from teh shale.
This is why Exxon recently bid $31 billion to acquire XTO Energy (NYSE:XTO) to get back ahead of the curve. XTO is the leading company which extracts energy from what is called "unconventional" sources.
With most large discoveries behind oil and gas companies (possibly other than those under the ocean floor), large energy companies are looking for new sources of gas and oil, with shale being the next wave of source for the industry.
Exxon Mobil and Shale
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