BUYINS.NET: Market Maker Surveillance Report. Top 6 Abnormal Price Friction Stocks For November 20, 2008

Nov 21, 2008 (M2 PRESSWIRE via COMTEX) -- UPL | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for November 20, 2008. Since late October market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This "fair market making" requirement is designed to prevent market makers from manipulating stock prices. On Thursday there were 2,572 companies with "abnormal" market making, 890 companies with positive Friction Factors and 6,122 companies with negative Friction Factors. Here is a list of the top 6 companies with the Abnormal Price Friction (unfair market) in their stock prices. This means that there was more buying than selling in the stocks and their stock prices dropped. Devon Energy (NYSE: DVN), Potash Corp. (NYSE: POT), Intercontinental Exchange (NYSE: ICE), Ultra Petroleum (NYSE: UPL), Range Resources (NYSE: RRC | Quote | Chart | News | PowerRating) and Noble Energy (NYSE: NBL). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net.

Market Maker Friction Factor is shown in the chart below:

Symbol Change % BuyVol Buy% SellVol Sell% NetVol Friction

DVN -$9.17 -13.37% 4,594,172 44.09% 4,298,049 41.25% 296,123 abnormal

POT -$8.56 -13.37% 10,007,316 44.31% 9,855,024 43.64% 152,292 abnormal

ICE -$7.59 -13.02% 1,900,609 42.04% 1,882,941 41.65% 17,668 abnormal

UPL -$7.28 -17.42% 1,910,261 42.86% 1,849,255 41.49% 61,006 abnormal

RRC -$7.19 -18.66% 2,381,768 44.13% 2,027,331 37.56% 354,437 abnormal

NBL -$7.10 -15.40% 1,437,862 41.70% 1,239,758 35.96% 198,104 abnormal

Click here to view chart: http://www.buyins.com/ff/ffabnl11-20-08.jpg

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Thursday and their stock prices dropped. The Friction Factor displays how many more shares of buying than selling are required to move a stock higher by one cent or how many more shares of selling than buying moves a stock lower by 1 cent.

For example, the chart above shows Devon Energy with 296,123 greater shares of buying than selling (NetVol) and the stock price was down -$9.17. This means the Market Makers we trading the stock in a way inconsistent with normal supply and demand (Economics 101); more buying than selling should cause prices to rise.

Devon Energy Corporation (NYSE: DVN | Quote | Chart | News | PowerRating) and its subsidiaries primarily engage in oil and gas exploration, development, and production; the transportation of oil, gas, and natural gas liquids; and the processing of natural gas. The company owns oil and gas properties principally in the Permian Basin within Texas and New Mexico; the Mid-Continent area of the central and southern United States; the Rocky Mountains area of the United States; the offshore areas of the Gulf of Mexico; and the onshore areas of the Gulf Coast, principally in south Texas and south Louisiana. It also owns oil and gas properties in the provinces of Alberta, British Columbia, and Saskatchewan, Canada. In addition, the company owns properties located in Azerbaijan, Brazil, and China. Further, Devon Energy's marketing and midstream operations include the marketing of oil, gas, and natural gas liquids, as well as the construction and operation of pipelines, storage and treating facilities, and gas processing plants in North America. As of December 31, 2007, the company had proved reserves of 677 million barrels of oil; 8,994 billion cubic feet of gas; and 321 million barrels of natural gas liquids. It also had interests in 5,586 net oil producing wells and 14,960 net gas producing wells. Devon Energy sells its gas production to various customers, including pipelines, utilities, gas marketing firms, industrial users, and local distribution companies; and crude oil production to refiners, remarketers, and other companies. The company was founded in 1971 and is based in Oklahoma City, Oklahoma.

Potash Corporation of Saskatchewan, Inc. (NYSE: POT | Quote | Chart | News | PowerRating) engages in the production and sale of fertilizers, and related industrial and feed products in North America. The company manufactures and sells solid and liquid phosphate fertilizers; animal feed supplements; and industrial acid, which is used in food products and industrial processes. It also produces nitrogen fertilizers, as well as nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate, and nitric acid. PotashCorps primary customers for fertilizer products include retailers, dealers, cooperatives, distributors, and other fertilizer producers. It sells purified phosphoric acid directly to consumers of the product. The company was founded in 1953 and is based in Saskatoon, Canada.

IntercontinentalExchange, Inc. (NYSE: ICE), through its subsidiaries, owns and operates an Internet-based global electronic marketplace for trading in futures and over-the-counter (OTC) commodities, and derivative financial products in the United States and internationally. Its products include contracts based on crude and refined oil products, natural gas and power, and emissions, as well as sugar, cotton, coffee, cocoa, and orange juice along with foreign exchange and index products. The company operates in three segments: Futures, OTC, and Market Data. The Futures segment offers trading in standardized derivative contracts on its regulated exchanges. The OTC segment provides trading in over-the-counter or off-exchange, energy-related products, and derivative contracts, including contracts that provide for the physical delivery of an underlying commodity or for financial settlement based on the price of an underlying commodity. The Market Data segment offers various market data services and products for futures and OTC market participants and observers, including publication of daily indices, access to historical pricing data, view only access to the platform, end of day settlements, and pricing data sets, as well as a service that involves the validation of participants own mark valuations. The company is headquartered in Atlanta, Georgia with additional offices in Calgary, Chicago, Houston, London, New York, Singapore, and Winnipeg.

Ultra Petroleum Corp. (NYSE: UPL | Quote | Chart | News | PowerRating) engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties. It focuses on developing and expanding a tight gas sand trend located in the Green River Basin in southwest Wyoming. As of December 31, 2007, the company owned interests in approximately 62,756 net acres in Wyoming; and 140,100 net acres in Pennsylvania. Ultra Petroleum Corp. was founded in 1979 and is based in Houston, Texas.

Range Resources Corporation (NYSE: RRC), an independent oil and gas company, engages in the exploration, development, and acquisition of oil and gas properties primarily in the southwestern, Appalachian, and Gulf Coast regions of the United States. The companys southwestern operations include the Barnett Shale of north central Texas, the Permian Basin of west Texas and eastern New Mexico, the East Texas Basin, the Texas Panhandle, and the Anadarko Basin of western Oklahoma. Its Appalachian operations include tight-gas, shale, coal bed methane, and conventional oil and gas production in Pennsylvania, Virginia, Ohio, New York, and West Virginia. The companys Gulf Coast operations include onshore Texas, Louisiana, and Mississippi. It sells gas to utilities, marketing companies, and industrial users. The company owns and operates 5,100 miles of gas gathering pipelines in Appalachia, which transport gas to transmission lines, and directly to end-users and interstate pipelines. It also has interests in the Nora field. As of December 31, 2007, the company owned 3,385,000 gross acres of leasehold, including 407,800 acres of royalty interest. The company was founded in 1975. It was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation is headquartered in Fort Worth, Texas.

Noble Energy, Inc. (NYSE: NBL), through its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas in the United States and internationally. It has operations in Colorados Wattenberg field and Piceance basin, the Mid-continent area of western Oklahoma and the Texas Panhandle, the San Juan basin in New Mexico, the Gulf Coast, and the deepwater Gulf of Mexico. The company also operates in China, Ecuador, the Mediterranean Sea, the North Sea, West Africa (Equatorial Guinea and Cameroon), and in other areas. As of December 31, 2007, the company had estimated proved reserves of 3.3 Tcf of natural gas and 329 MMBbls of crude oil. The company was founded in 1932 and is based in Houston, Texas.

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