Iran’s Southern Regions Producing 3 million Barrels of Oil Per Day
WTI crude oil suffered an unprecedented fall last week when it was dropped like it was hot from a high of $114.81 per barrel to a low of $94.65 in a matter of days. Since then oil prices have rebounded again. However, it appears that oil could bound for another dip in the near term.
Last April 1, I mentioned that WTI Crude Oil, as for my technical analysis, could be forming an ascending triangle pattern (kindly check here) and upon break out, it could reach an upside target of 115.00 USD. Shortly after I posted it, the triangle’s resistance was cleared out as the buying pressure strengthened.
Trans-Asia Oil and Energy Development Corporation (TA) Awakes?
Trans-Asia Oil and Energy Development Corporation or TA in the Philippine Stock Exchange is a company that is involved in power generation, and oil and mineral exploration business. Like one of its partners in the drilling of several oil wells, Petroenergy Resources Corporation (PERC), TA looks to be on the verge of an upswing in the days to come as well at least from a technical point of view.
Petroenergy Resources Corporation or PERC as listed in the Philippine Stock Exchange provides specialized technical services to oil-exploring companies in the Philippines. Technical wise, the PERC stocks broke out from its 4-year downtrend last December 8 as seen in the image above.
Source CRWESelect : PEB, CRWE.OB, PWE, BIP, - Pebblebrook Hotel Trust, Crown Equity Holdings Inc., Penn West Energy Trust
Pebblebrook Hotel Trust (NYSE:PEB) reported it has completed audits of all worldwide sites and has exceeded all compliance requirements for the stringent ISO/TS 16949 quality management systems specification. The audits, conducted by UL DQS Inc. Management Systems Solutions, did not find one single nonconformity in Spansion's quality management systems.
(PETD, ESLT, AVOT, NEOG) Stock Update From PennyOmega.com
American Video Teleconferencing Corp. (PINK: AVOT) is pleased to announce that it has hired a French speaking geologist to search the archives of the Quebec Department of Mines for Rare Earths showings not on a current computer file. The company believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings.