Wednesday, January 29, 2014

37 Largest US Oil & Gas Drilling & Exploration Companies Average Stock Prices Down 69% Due to Financial Meltdown Spillover Effects, Then Up 430% Under Obama and the US Fed

I found 37 US Oil & Gas Drilling & Exploration Companies classified in the Services Sector at Yahoo's superb Finance website with current Total Market Capitalizations of at least $100 mil each and which also had their common stocks trading on each of the following three dates: on December 31, 2007 during President Bush's second term, on March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and also on January 29, 2014.
   
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 37 US Oil & Gas Drilling & Exploration Companies had their average stock prices drop by a massive 69% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But since March 6, 2009, the average stock prices of these same 37 US Oil & Gas Drilling & Exploration Companies have increased by a very robust 430% through January 29, 2014, led by massive stock price appreciation of 46 times by Kodiak Oil & Gas, of 34 times by Magnum Hunter Resources and of 15 times by Rex Energy.
 
Clearly, the investors in and employees of a clear majority of these 37 US Oil & Gas Drilling & Exploration Companies must be pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state caused by the 2008 US financial meltdown.

Below here are the market prices of each of these 37 US Oil & Gas Drilling & Exploration Companies on January 29, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 29, 2014:







Market Market






Price Price






% %






Change Change



 Market   Market   Market  3-6-09 12-31-07



 Price   Price   Price  to to
Oil & Gas Drilling & Exploration Companies  1-29-14   3-6-09   12-31-07  1-29-14 3-6-09








Kodiak Oil & Gas

       10.44        0.22        2.20 4645% -90%
Magnum Hunter Resources

         8.11        0.23        1.98 3426% -88%
Rex Energy

       18.55        1.12      11.93 1556% -91%
MarkWest Energy Partners LP

       69.60        9.16      33.78 660% -73%
Northern Oil and Gas

       14.90        2.22        6.95 571% -68%
Whiting Petroleum

       57.55      10.07      28.83 472% -65%
Concho Resources

       95.78      19.82      20.61 383% -4%
Hercules Offshore

         5.00        1.16      23.78 331% -95%
Helmerich & Payne

       85.12      20.30      40.07 319% -49%
Approach Resources

       20.23        4.94      12.86 310% -62%
Vanguard Natural Resources

       30.29        8.60      16.00 252% -46%
Atwood Oceanics

       46.44      13.57      50.12 242% -73%
Legacy Reserves LP

       26.93        7.95      20.70 239% -62%
Breitburn Energy Partners LP

       20.29        6.11      28.90 232% -79%
Patterson-UTI Energy

       25.26        7.80      19.52 224% -60%
Key Energy Services

         7.16        2.39      14.39 200% -83%
Halcon Resources

         3.48        1.20      15.06 190% -92%
EV Energy Partners LP

       36.23      12.51      32.50 190% -62%
W&T Offshore

       14.71        5.26      29.96 180% -82%
Unit Corp

       50.17      18.34      46.25 174% -60%
Rowan Companies plc

       31.57      11.57      39.46 173% -71%
MV Oil Trust

       23.44        9.10      24.64 158% -63%
Hyperdynamics Corp

         5.93        2.40      12.80 147% -81%
CococoPhillips

       65.82      26.96      67.31 144% -60%
Pioneer Energy Services

         8.47        3.82      11.88 122% -68%
Cross Timbers Royalty Trust

       30.70      14.36      41.25 114% -65%
Vantage Drilling

         1.69        0.80        7.60 111% -89%
Nabor Industries Ltd

       16.99        8.58      27.39 98% -69%
Bill Barrett Corp

       27.93      17.74      41.87 57% -58%
FX Energy

         3.56        2.44        5.68 46% -57%
Noble Corp

       31.66      22.59      56.51 40% -60%
SandRidge Energy

         6.39        5.41      35.86 18% -85%
Hugoton Royalty Trust

         8.60        8.18      22.43 5% -64%
Diamond Offshore Drilling

       49.16      55.48     142.00 -11% -61%
Transocean Ltd

       43.85      51.11     143.15 -14% -64%
BPZ Resources

         2.03        2.41      11.18 -16% -78%
ZaZa Energy

         1.05        2.75        6.99 -62% -61%








Average % Change all 37




430% -69%