Investor Alley Inc.

Oil and Natural Gas Industry vs Consumer Good Stocks: (PINKSHEETS: POOSF), (PINKSHEETS: NSRGY)


New York, NY -- (ReleaseWire) -- 12/27/2012 --Poseidon Concepts (PINKSHEETS: POOSF), a company engaged in renting fracturing fluid handling tanks mainly used in well completion operations in the oil and natural gas industry in western Canada and the U.S., is sinking in mid-day trading today after the company announced that it formed a special committee to review and assess its business processes and controls. POOSF also suspended its future dividends and announced Board and managerial changes.

At last check, POOSF was trading 56.55% lower at $1.42 on volume of 397,016, which is well above the daily average volume of 250,311. This is the second huge sell-off in POOSF in the last two months. Back in November, the stock had tumbled after the company gave a weak outlook.

Find out where POOSF could be headed by getting the free full report here:

Nestle SA (PINKSHEETS: NSRGY), the Switzerland-based consumer goods company, continues to trade in a tight range in mid-day trading today. NSRGY has traded sideways for a month now, struggling to break through $66 resistance level. In today’s trading, NSRGY is up 0.12% to $65.59 on volume of 154,426, which is a little over a quarter of the daily average volume of 602,922.

Technical indicators for NSRGY are currently giving bearish signals. A bearish trend will be established if the stock falls below $65 support level.

Earlier this month, NSRGY had announced the completion of acquisition of Pfizer Nutrition.

Find out how this announcement could benefit NSRGY by getting the free full report here:

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