DALLAS, July 31, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring energy producer Cobra Oil & Gas Company (OTCBB:CGCA). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Cobra Oil & Gas Company (OTCBB:CGCA) should be of particular interest to other energy producing companies: Anadarko Petroleum Corp. (NYSE:APC), Cabot Oil & Gas Corp. (NYSE:COG), Chesapeake Energy Corp. (NYSE:CHK) and ConocoPhillips (NYSE:COP).
It is available at: http://www.beaconequity.com/i/CGCA
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Cobra Oil & Gas Company is a natural gas and oil explorer and developer operating in the Mike Prospect located in North Central Adams County, Colorado. Founded in 2005, the Company is based in Houston, Texas.
In the report, the analyst notes:
"The Company's profitability and investor attention may track the spot price of oil and natural gas, reaching $147 per barrel of oil and $13.5 per Mcf (million cubic feet) of natural gas in late June of 2008, then dropping to $35 per barrel and $3.50 per Mcf in December. Since December, oil recovered to $65 per barrel, while natural gas is now expected to reach $5 to $7 per Mcf by the end of 2009.
"Despite the global economic slowdown, natural gas prices are believed to be cheap by many analysts, saying a rebound in production expected from Asia, especially in China, will easily absorb inventory supplies. China's real GDP growth is expected to reach 8%, officially, while private estimates anticipating real growth at a lesser rate, but strong overall growth nonetheless."
To read the entire report visit: http://www.beaconequity.com/i/CGCA
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