Bonanza Oil and Gas Inc, a Nevada Corporation and an independent oil and gas company, is pleased to announce the merger between Bonanza Oil and Gas, Inc. and Black Pearl Energy, Inc. As a result of the merger, Black Pearl Energy, Inc. merged into a wholly owned subsidiary of Bonanza Oil & Gas, Inc. with [...]

Bonanza Oil and Gas, Inc and Black Pearl Energy, Inc are two oil mining and exploration published their merger. As a result of the merger, Black Pearl Energy, Inc. merged into a wholly owned subsidiary of Bonanza Oil & Gas, Inc. with the wholly owned subsidiary being the surviving entity. Black Pearl’s assets consist of [...]

UBS Investment Research raised its price forecast for West Texas crude and Brent “a lot.” UBS now expects West Texas crude to average $115 a barrel this year, $120 in 2009 and $116 in 2010 — increases of 32 percent, 54 percent and 53 percent above its previous outlook.
UBS sees Brent crude at $113.50 a [...]

Goldman Sachs commodities analysts raised their forecast for the average price of West Texas crude in the second half of 2008 by $34 to $141 a barrel.
“The current oil market is experiencing a structural repricing much like it did in 2004-2005. After remaining stable for more than two years, the longdated oil price (five-year forward) [...]