IRVINE, Calif., Dec. 1, 2009 (GLOBE NEWSWIRE) -- SectorWatch.biz announces the availability of a commentary of interest to investors in Strategic American Oil Corporation (OTCBB:SGCA) and other oil & gas-related equities making news and driving markets today. Investors can view our free commentaries at: www.SectorWatch.biz -- in association with FiSpace.net, a dynamic social networking site for investors.
Crude oil prices bounced off six-week lows last week as investors absorbed the disturbing financial news from Dubai. Traders are still digesting this news and trying to anticipate the strength of the global economic recovery and the strength of crude oil demand during the next 12 months. Some analysts expect stronger demand as a weakening U.S. dollar helps push prices higher.
This could be a boon for emerging independent oil companies like SGCA with a highly experienced, internationally recognized team of geologists, engineers, and executives. This combined with relationships it is building with well-established companies in the industry should reduce its risk and exploration costs, and increase the company's exposure to new projects, bringing a unique advantage to the company and its shareholders.
SGCA recently announced completion of a private placement netting the company $1,050,000. This adds to the previously announced placements bringing the company's funding totals for the year to over $3.5 million. Strong management, solid industry relationships and financial strength provide essential growth building blocks.
A profile on SGCA is available at this link: http://www.stockupticks.com/profiles/12-1-09.html
Strategic American Oil Corporation is an exploration and production company with operations in Texas, Louisiana and Illinois. The Company draws on an internationally recognized team of geologists, engineers and executives with extensive oil and gas exploration and production experience. The Company's objective is to find and acquire oil and gas projects of merit and develop those projects to their full potential. For further information visit: www.strategicamericanoil.com.
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