By Denver Business Journal

Energy investors had a "wonderful year" in 2010, with 65 percent of oil and gas stocks delivering positive returns, IHS Inc. said Thursday in its IHS Herold 2010 Energy Peer Group Stock Market Performance Report.

"Driven by economic growth, crude prices, which hit bottom in late May 2010 at around $65 per barrel, rose steadily and consistently through the second half of the year, and took oil company shares with them," the Arapahoe County-based information provider (NYSE: IHS) said.

It said the median gain for the 503 stocks analyzed in the report was 21 percent. That gain did not match the record set in 2009 of 59 percent, but it did outperform the market indices of nearly all Organization for Economic Cooperation and Development countries, IHS said.

It said that total capitalization of the energy companies in the report rose by $300 billion in 2010, "further reducing the severe losses the sector incurred in 2008 ... but did not extinguish them."

> Click here for IHS' press release detailing its IHS Herold 2010 Energy Peer Group Stock Market Performance Report.

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