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Article Excerpt
M2 PRESSWIRE-10 January 2007-www.streetinvesting.com: Global Market Perspective Review on Berens Energy Ltd.(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:10012006
Please visit www.Streetinvesting.com for the full report.
Berens Energy Ltd. (TSX:BEN) was up 3.92% Tuesday. This success was accompanied by a notable trading volume of 106,661.
Despite having exhibited a decline in shareholder value throughout the past 52 weeks, Streetinvesting.com's research team has become interested in what Berens Energy Ltd. may be able to accomplish in 2007 after taking note of the Canadian energy company's success as of late.
Berens is involved in the exploration, development and production of natural gas, natural gas liquids and crude oil in western Canada. The Company holds a concentrated production and land base in eastern Alberta, approximately 300 kilometres east of the city of Calgary, and with land and production bases in the Pembina and Deep Basin regions of west central Alberta.
As we have mentioned in previous articles, Alberta is one of the world's leading producers of oil and gas. In fact, second only to the Saudi Arabia reserves, Alberta's oil sands deposits were described by Time Magazine as, "Canada's greatest buried energy treasure," and "could satisfy the world's demand for petroleum for the next century".
In the recent months, as many of you well know, the price of crude oil has dropped substantially. This being said,...
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