DALLAS, Sept. 14, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Delta Petroleum Corp. (Nasdaq:DPTR). 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 Delta Petroleum Corp. (Nasdaq:DPTR) should be of particular interest to other oil and gas exploration companies: Cabot Oil & Gas Corp. (NYSE:COG), Chesapeake Energy Corp. (NYSE:CHK) and Denbury Resources Inc. (NYSE:DNR).
It is available at: http://www.beaconequity.com/i/DPTR
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Delta Petroleum Corp. (DPTR) engages in exploration, acquisitions and development and production of crude oil and natural gas in the Gulf coast and Rock Mountain areas. The Company maintains leaseholds in the Eastern Washington region, called the Columbia River Basin. The Company's business model consists of increasing reserves and production through acquisitions and drilling operations.
In the report, the analyst notes:
"Investment inflows into the oil industry are dependent upon the price crude and natural gas brought about by supply restrictions and world GDP growth rates. Global production cannot increase without energy, which is overwhelmingly dominated by oil and natural gas. Expected GDP growth in the BRIC ...countries is expected to grow, and in the case of China, is expected to grow substantially. The impact of China's economic growth on the oil market is magnified due to the county's relative energy inefficiency when compared to the United States and Europe.
"On September 9, the Company said that the Klickitat County Board of Adjustment approved the Company's plans to drill four exploratory wells in the state of Washington. The Company's stock has surged recently, presumably on the news."
To read the entire report visit: http://www.beaconequity.com/i/DPTR
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