Followers | 123 |
Posts | 7286 |
Boards Moderated | 0 |
Alias Born | 07/06/2012 |
Saturday, August 31, 2013 5:43:58 AM
The company is picking up some positive catalysts recently. Statoil reported it struck oil offshore of NewFoundland the other day in a field that is believed to contain 100mm to 200mm barrels of recoverable oil.
In addition, BofA/Merrill Lynch upgraded the shares to "Buy" from "Neutral" today and raised its price target to $25 a share from $23. The upgrade noted the shares carried "relatively low execution and political risk."
The company has raised earnings at just over an 8% CAGR over the past five years. In addition, the shares sell near the bottom of its five-year valuation range based on P/E, P/S, P/CF and P/B.
Purely my own opinion. Do your Due Diligence.
Oil and Gas Stocks | Micro Cap | Small Cap | Mid Cap
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM