Coverage Initiated on Select Major Integrated Oil and Gas Stocks

LONDON, UK / ACCESSWIRE / July 18, 2016 / Active Wall St. announces the list of stocks for today’s coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Major Integrated Oil & Gas industry. Companies recently under review include Encana, Exxon Mobil, BP PLC, and Chevron. See our complete notes on Encana at:

http://www.activewallst.com/registration-3/?symbol=ECA

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The Integrated Oil and Gas space continues to control production costs and strengthen their operating margins amid lower oil prices. Experts believe that the industry is poised to rebound in the near future, but full recovery will take time. Let us see how this is affecting some of the big names in the industry. Register with us now for your free membership and more at: http://www.activewallst.com/register/.

Active Wall St. takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Encana Corp. (NYSE: ECA)

Last Friday at the close, shares in Calgary, Canada headquartered Encana Corp. ended 0.25% higher at $8.00. The stock recorded a trading volume of 10.61 million shares. The Company’s shares have advanced 0.50% in the last one month, 20.16% over the previous three months, and 57.91% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.73% and 23.84%, respectively. Furthermore, shares of Encana, which together with its subsidiaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the U.S., have a Relative Strength Index (RSI) of 52.84.

On June 21st, 2016, Encana Corp. announced an agreement to sell its Gordondale assets in northwestern Alberta to Birchcliff Energy Ltd. for a total cash consideration of C$625 million. The sale includes approximately 54,200 net acres of land and associated infrastructure. In addition, through the transfer of current and future obligations, Encana is reducing midstream and downstream commitments by more than C$100 million on an undiscounted basis. No drilling or completions capital has been spent or was planned for the area in 2016.

On June 23rd, 2016, research firm Macquarie downgraded the Company’s stock rating from ‘Neutral’ to ‘Underperform’.

Exxon Mobil Corp. (NYSE: XOM)

Irving, Texas headquartered Exxon Mobil Corp.’s stock finished Friday’s session 0.18% higher at $95.12 with a total volume of 10.33 million shares traded. The Company’s shares have advanced 5.50% in the last one month, 12.89% over the previous three months, and 24.17% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.97% and 15.54%, respectively. Additionally, shares of Exxon Mobil, which explores for and produces crude oil and natural gas in the U.S., Canada/South America, Europe, Africa, Asia, and Australia/Oceania, have an RSI of 65.26.

On June 30th, 2016, Exxon Mobil Corp. announced that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, confirm a world-class discovery with a recoverable resource of between 800 million and 1.4 billion oil-equivalent barrels. This follows on the success of 2015’s Liza-1. At Exxon’s recent annual meeting, CEO Rex Tillerson declared that first Liza is the world’s biggest discovery of 2015. Sign up and access your free notes on XOM at: http://www.activewallst.com/registration-3/?symbol=XOM.

BP PLC (NYSE: BP)

Shares in London, the U.K. headquartered integrated oil and gas company, BP PLC, ended the session flat at $36.56 and with a total volume of 5.99 million shares traded. The stock has surged 17.37% in the past month, 21.52% in the previous three months, and 21.67% on an YTD basis. The Company’s shares are trading above their 50-day and 200-day moving averages by 10.63% and 16.73%, respectively. Moreover, shares of BP have an RSI of 64.57.

On June 24th, 2016, BP said that its headquarters would remain in the United Kingdom, despite Britain voting to leave the European Union. “It is far too early to understand the detailed implications of this decision and uncertainty is never helpful for a business such as ours,” BP stated.

On June 30th, 2016, research firm Morgan Stanley upgraded the Company’s stock ratings from ‘Equal-Weight’ to ‘Overweight’. Register for free and access your note on BP at: http://www.activewallst.com/registration-3/?symbol=BP.

Chevron Corp. (NYSE: CVX)

San Ramon, California headquartered Chevron Corp.’s shares recorded a trading volume of 6.16 million shares and closed the day 0.31% higher at $107.03. The stock has advanced 6.36% in the past month, 11.24% over the previous three months, and 21.76% since the start of this year. The Company’s shares are trading 4.93% and 16.63% above their 50-day and 200-day moving averages, respectively. Additionally, shares of Chevron, which through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations globally, have an RSI of 63.78.

On July, 05, 2016, Kazakhstan’s Energy Ministry and its foreign partners said in a joint statement that Kazakhstan and a group of oil companies led by Chevron approved a $36.8 billion plan to boost production at the Central Asian country’s Tengiz field. Tengiz field, one of the world’s biggest, already accounts for more than a third of total crude output in Kazakhstan, which is the biggest former Soviet oil producer after Russia. CVX free note is just a click away at: http://www.activewallst.com/registration-3/?symbol=CVX.

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