Margin Between U.S. and Europe Oil Benchmarks Narrowest in Over Three Months
The Paragon Report Provides Stock Research on Bill Barrett and Newfield Exploration

NEW YORK, NY -- (Marketwire) -- 01/11/13 -- U.S. oil stocks will look to benefit from plans to re-open the Seaway Pipeline. By the end of this week, Operators Enterprise Products Partners LP and Enbridge Inc. have announced 400,000 barrels of oil will flow through their pipeline. The Paragon Report examines investing opportunities in the Oil & Gas Industry and provides equity research on Bill Barrett Corporation (NYSE: BBG) and Newfield Exploration Co. (NYSE: NFX).

Access to the full company reports can be found at:
www.ParagonReport.com/BBG
www.ParagonReport.com/NFX

The gap between West Texas Intermediate crude oil and Europe's Brent crude since the start of the year has shrunk 6.4 percent to its narrowest margin since September. The U.S. benchmark has fallen in value as increased domestic production and lack of access to pipelines to transport crude to refineries have created a supply glut. The Department of Energy recently reported that oil inventories at the Cushing oil-transport hub was at an all-time high of 49.8 million-barrels. The Seaway Pipeline transport oil from the Cushing hub to refineries along the Gulf Coast.

Paragon Report 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.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

Bill Barrett's assets are located solely in the resource-rich Rocky Mountain region with active exploration and development properties located throughout the area. Their largest development programs are located in Colorado, Utah and Wyoming. For 2013, the company expects a production range of 83 to 87 billion cubic feet equivalent, which is expected to be nearly 30 percent oil.

Newfield's principal domestic areas of operation include the Mid-Continent, the Rocky Mountains and onshore Texas. Internationally, the Company focuses on offshore oil developments in Malaysia and China. The company expects 2012 total production to be approximately 298 Bcfe. Shares of the company have gained nearly 10 percent in the past week.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
http://www.paragonreport.com/disclaimer

Add to Digg Bookmark with del.icio.us Add to Newsvine

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here