June 25, 2012 at 08:20 AM EDT
Enerplus and Pengrowth Energy Continue to Battle Falling Oil Prices
Five Star Equities Provides Stock Research on Enerplus and Pengrowth Energy

NEW YORK, NY -- (Marketwire) -- 06/25/12 -- Disappointing news from China, the U.S. and Europe have seen commodity prices slide as concerns of the global economy continues to grow. "Fears about the economy are making people very leery," said Michael Lynch, the president of Strategic Energy & Economic Research. "The jobless claims, the manufacturing data and all the economic data are coming together to push almost everything down." Five Star Equities examines the outlook for companies in the Oil & Gas Industry and provides equity research on Enerplus Corp. (NYSE: ERF) (TSX: ERF.TO) and Pengrowth Energy Corp. (NYSE: PGH) (TSX: PGF.TO).

Access to the full company reports can be found at:

www.FiveStarEquities.com/ERF

www.FiveStarEquities.com/PGH

The Energy Information Administration on last Wednesday reported that oil supplies grew by 2.9 million barrels for the week ending June 15. Oil supplies were predicted to drop by 1.3 million barrels according to the median of 11 analyst estimates in the Bloomberg survey. The recent boom in North American oil production has seen supplies rise to their highest levels in 22 years. The department's report showed that U.S. crude production surged 117,000 barrels to 6.35 million, the highest since 1999.

"The U.S. is flush with oil right now," independent analyst and trader Stephen Schork said. "And if you factor in the economic mess in Europe, slower economic growth in China, and probably overproduction from the Saudis in preparation for the Iranian oil embargo, the world has a comfortable supply."

Five Star Equities releases regular market updates on the Oil & Gas Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Enerplus' oil portfolio includes high growth opportunities in the Bakken/Three Forks resource play in North Dakota, as well as stable, low decline crude oil production from a variety of crude oil water flood properties across Western Canada. Their natural gas assets include a large land position in the Marcellus shale gas region in the northeast U.S., one of the most economic natural gas plays in North America.

Pengrowth's operations contain a geographically diverse collection of land across the Western Canadian Sedimentary Basin and offshore Atlantic Canada. The company's assets include Swan Hills light oil, Cardium light oil and liquids-rich gas and the Lindbergh Steam Assisted Gravity Drainage project. In 2012, Pengrowth expects a capital expenditure program of $625 million concentrated in the oil and liquids-rich Swan Hills area.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:

www.FiveStarEquities.com/disclaimer

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