Wall Street Fundamentals Releases New In-Depth Stock Reports on ERF, FST, GDP and PGH

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On Friday, oil prices broke a five session slide on strong industrial output growth from China and a warning of supply shortages from Libya and Iraq from the International Energy Agency. China's National Bureau of Statistics reported a 9.7 percent year-over-year increase in industrial output for July, up from 8.9 percent in June. According to data from Chinese customs authorities, China’s imports of crude oil in July totaled 26.11 million metric tons, an increase of 20 percent when compared to a year ago. Additionally, the IEA reported demand for the Organization of the Petroleum Exporting Countries' oil is expected to be 29.8 million barrels a day this year, an increase of 200,000 barrels from its previous estimate. The IEA has stated that "continued supply outages in Iraq and Libya...may reduce the group's output in coming months."

Enerplus Corp. (NYSE:ERF - News)(TSX:ERF.TO - News) shares traded in the range of $16.52 to $17.37 Friday before settling to close at $17.03, an increase of 3.46 percent. The stock appears have some support at the $16.64, $16.29 and $$16.10 levels. Shares of Enerplus have gained approximately 30.0 percent in 2013.

More information on Enerplus and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ERF

Forest Oil Corporation (NYSE:FST - News) shares traded in the range of $5.01 to $5.14 Friday before settling to close at $5.13, an increase of 0.39 percent. The stock appears to be facing resistance at the $5.35 and $6.36 levels with some support at $5.12. Shares of Forest Oil have fallen approximately 23.0 percent in 2013.

More information on Forest Oil and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FST

Goodrich Petroleum Corporation (NYSE:GDP - News) shares traded in the range of $19.63 to $20.38 Friday before settling to close at $19.90, a decrease of 1.87 percent. The stock appears to be facing resistance at $20.82 with some support at the $15.72 and $14.19 levels. Shares of Goodrich Petroleum have gained over 110.0 percent in 2013.

More information on Goodrich Petroleum and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GDP

Pengrowth Energy Corp. (NYSE:PGH - News)(TSX:PGF.TO - News) shares traded in the range of $5.65 to $5.79 Friday before settling to close at $5.77, an increase of 1.41 percent. The stock appears to be facing resistance at the $5.84 and $6.01 levels with some support at $5.66. Shares of Pengrowth Energy have gained approximately 16.0 percent in 2013.

More information on Pengrowth Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PGH

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

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Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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