Montreal, Quebec, February 10, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports : Brent crude stayed above $100 today, supported by the ongoing tension in Egypt and tighter North Sea supplies, in contrast to higher crude stockpile in the United States, causing the spread between the benchmark prices to stay wide.
ICE Brent fell 13 cents to $101.69 a barrel at 0740 GMT, while US crude for March slipped 4 cents to $86.67 a barrel.
The spread between the two benchmark were at $15.01 a barrel, narrowing from a record high of $15.41 a barrel.
But as pro-democracy protesters consolidated a new encampment around Cairo's parliament building, the White House again said that Egyptian ministers must do more to meet the demands of demonstrators, who want an immediate end to Mr Mubarak's 30 years of one-man rule and sweeping legislative changes.
Four people were killed and several suffered gunshot wounds in clashes between security forces and some 3,000 protesters in a desert province far from Cairo on Tuesday and yesterday.
It appeared to be the most serious such clash with official forces since January 28th, when police all but disappeared from Egyptian streets after they had beaten, tear gassed and fired on protesters.
The spread between the two crude oil benchmarks will likely stay wide apart for some time as the tension in Egypt and tighter European supplies will drive Brent prices up at a much faster pace versus WTI.
Output from the four benchmark North Sea crude oil streams is due to fall in March to around 1.13 million barrels per day (bpd) from around 1.22 million bpd in February.
Brent, Forties, Oseberg and Ekofisk make up the North Sea BFOE crude oil benchmark, which is used to value around 20 million bpd of crude in the Atlantic basin, a figure equal to almost a quarter of daily world supply.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
· Go Public strategy,
· Debt and or equity financing
· Identify prospective investors
· Hire investor relations firm
· Cross listing decisions
· Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Jean François Amyot
1400 rue Begin
Montreal, QC H4R 1X1
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.