2012-11-29 14:42:32 -
LONDON -- (Marketwire) -- 11/29/12 -- The major integrated oil & gas industry has been receiving some positive news of late, as demand for natural gas and oil has increased in some areas. This could lead to increased prices for both oil and gas moving forward, which bodes well for companies such as Chevron and Encana.
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In the U.S a recent decline in natural gas supplies is a positive sign, as companies have been dealing with a supply glut for some time. Cold weather was cited as a reason for the drop, and with winter getting ready to settle in, companies like Encana could benefit. Encana has been doing a good job of increasing production of late, as its average oil and natural gas liquids production in the 3rd quarter increased by almost 6,000 bbls/d when compared year-over-year. See what our analysts have to say on Encana. Follow the Link below
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Positive economic data from the U.S. is also a plus for the industry, though soft demand levels in Europe continue to be a concern. Companies with international operations, such as Chevron, have also had to contend with negative foreign currency movements, though the outlook for the end of 2012 and 2013 is encouraging. Analyst opinion on Chevron accessible for free at
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