Mar. 7, 2011 (PR Newswire) --
HONG KONG, March 7 /PRNewswire/ - Today, www.WorldStreetFundamentals.com released its industry report highlighting ConocoPhillips (NYSE:COP) and
Apache Corporation (NYSE:APA). As the Middle Eastern situation
continues to press concerns, it brings the potential for destabilizing
a geo-strategically important region. Investors from around the world
are invited to view fundamental and technical analysis at www.WorldStreetFundamentals.com/Reports.php.
Libya is a key OPEC member and accounts for about 2% of global oil
supplies. Oil production from Egypt remains a smaller contributor,
producing a little bit less than 1% of the world's total supply.
Together, the Suez-Mediterranean pipeline and the canal itself account
for three million barrels a day out of a total of about 88 million
barrels worldwide, representing 3.5% of world production.
Fundamentals of the U.S. economy are expected over the long-term to
continue recovery. Many investors are using weakness resulting from the
Libya unrest as an opportunity to own quality names that enjoy strong
earnings momentum and economic leverage.
World Street Fundamentals has highlighted ConocoPhillips for its strong
earnings report, beating analysts' expectations with fourth-quarter
profit increases of 54% to $2.04 billion, or $1.39 a share. The company
is diversified within six segments including Exploration and Production
(E&P), Midstream, Refining and Marketing (R&M), LUKOIL Investment,
Chemicals, and Emerging Businesses. To read the report on
ConocoPhillips (NYSE:COP), click here: www.WorldStreetFundamentals.com/ViewFullReport.COP.php.
World Street has begun to track Apache closely due to its
company-specific exposure to Egypt, with more than 20% of total
production and roughly 30% of revenue from the area. Beyond this
exposure; Apache maintains exploration and production interests in the
Gulf of Mexico, the Gulf Coast, East Texas, the Permian Basin, the
Anadarko Basin and the Western Sedimentary Basin of Canada. To read the
report on Apache Corporation (NYSE:APA), click here: www.WorldStreetFundamentals.com/ViewFullReport.APA.php.
About World Street
World Street Fundamentals is an online portal for professionals,
investors and new-comers to the markets to find in depth comprehensive
research and research tools to help guide you through the ever changing
financial markets around the world. Covering the top performers in the
hottest sectors and providing clarity to investors around the world.
SOURCE World Street Fundamentals
