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Spotlight On: Canadian Heavy Crude and Refining

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the EQUITY SPOTLIGHT.

NEW YORK, NY -- (Marketwire) -- 12/11/12 -- The following is an investment opinion on Ivanhoe Energy (NASDAQ: IVAN), Petrosonic Energy (OTCQB: PSON), Nexen, Inc. (NYSE: NXY) and Cnooc Ltd (NYSE: CEO). On Friday, the Government of Canada approved two major energy takeovers including the $15.1 billion acquisition of Nexen (NYSE: NXY) by the Chinese state oil company Cnooc Limited (NYSE: CEO) and the $5.2 billion proposal by Malaysia's Petronas for Progress Energy.

As Canadian Sands Heavy Crude production picks up, a greater need for refining will be needed. Companies like Ivanhoe Energy (NASDAQ: IVAN) who uses innovative methods to significantly improve the development of heavy oil will become keys to developing these assets and making them more usable. In an article by Seeking Alpha, "Global production of oil is gradually moving towards heavier, sourer crudes because the easily available deposits of light, sweet crude are being tapped out, has forced refineries to evolve and switch towards refining the heavy crude oils."

Recently, Petrosonic Energy (OTCQB: PSON) whose primary focus is to provide technologies that upgrade heavy oil economically and in an environmental friendly manner and owner of the patented Sonopress™, which uses clean tech sonic energy to de-asphalt heavy oil at a smaller scale and lower capital cost without the use of water or heavy emissions, awarded a contract for the engineering and assembly of the tanks and equipment for their heavy oil processing plant.

To read more on Petrosonic, please visit www.petrosonic.net

This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Information, opinions and analysis contained herein are based on sources deemed to be reliable and are subject to change without notice. A third party has hired and paid Equity Spotlight one thousand two hundred and ninety five dollars for the publication and circulation of this news release. Accordingly, certain information included herein may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. However, no representation, expressed or implied, is made as to the accuracy, completeness or correctness. In light of the above, we accept no liability for any losses arising from an investor's reliance on or use of this report. We do not and have not had any ownership interest in said third party of any kind.

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