Australian E&Ps With US Focus Top The Charts

Australian investors with an appetite for U.S. oil and gas plays have enjoyed a veritable financial feast on the Australian Securities Exchange (ASX) from two standout stocks starring at the top of the annual and quarterly performance charts. The industry may just be beginning to raise its head above the parapet, but green shoots have given rise to a fully-fledged recovery in the Australian oil and gas sector with four straight quarters of growth culminating in 17% market cap growth in the year to Jan. 31. The return of sunnier dispositions, as revealed by Australian Oil & Gas Research, was characteristically led by the $6 billion cap top-tier companies, which grew 16% during this period, but the real stock stars were the next tier First Division players (market cap greater than $100 million) which expanded by a fist-pumping 63%.
Source: Daily Dose of ShaleDirectories.com News

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