Research In Motion Ltd(NASDAQ:BBRY) Showing Solid Recovery - ArcelorMittal, RIM, TOT, AAV

Lakeway, TX -- (SBWIRE) -- 02/07/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

ArcelorMittal (ADR)(NYSE:MT) Q4 earnings weren't anything to cheer about, but its outlook for future steel demand offers hope that economic conditions are slowly improving. "We are seeing an improvement in terms of shipments in all markets," CFO Aditya Mittal says. Also, further shutdowns of European operations are unlikely, as European steel demand should slip only 1% in 2013 vs. 2012's 8.8% drop.

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Early U.K. sales of the Research In Motion Ltd(NASDAQ:BBRY) are "solid," but have much to do with limited supply, suggests Canaccord's Mike Walkley: checks indicate most stores carrying the phone had less than 15 units in stock, thus making sellouts easy to come by. RBC's Mark Sue reports of strong demand in BlackBerry's home base of Canada, though store supplies are again said to be limited (5-10 units for walk-ins, 20-30 for pre-orders).

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Cyprus signs a deal with TOTAL S.A. (ADR)(NYSE:TOT) to search for offshore oil and gas - already its agreement with an energy major this year - hoping for an energy windfall from the largely untapped eastern Mediterranean that could negate the country's need for an austerity program. But any finds are not expected to come ashore until 2018 at the earliest for domestic consumption, and 2019 for export.

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Advantage Oil & Gas Ltd (USA)(NYSE:AAV) says it has closed four sales transactions and recently signed an agreement with a fifth party which, on a combined basis, constitute the sale of substantially all its non-core assets. AAV says net cash proceeds from the sales, totaling ~$83M, will be used to reduce debt.

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