Value Microcaps Junior Energy

[cartonet]

CEN going wild... looks like finally discovered by the herd

Globe says Coastal Energy rated "sector outperformer"


Coastal Energy Company (2) (C:CEN)
Shares Issued 112,702,155
Last Close 10/18/2011 $11.44
Wednesday October 19 2011 - In the News

The Globe and Mail reports in its Wednesday, Oct. 19, edition that CIBC World Markets analyst Ian Macqueen has commenced new coverage of Coastal Energy ($11.44) with a "sector outperformer" rating. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. MacQueen says he is impressed with Coastal Energy's oil holdings. The CIBC World Markets stockpicker says the company discovered two oil fields in the Gulf of Thailand this year that are estimated to contain 95 million barrels of recoverable oil and should enable the company to triple production to 22,000 barrels per day by year end. Mr. Macqueen sees Coastal Energy trading at $19.50 within 12 months to 18 months. Coastal Energy stock has a 52-week range of $4.01 to $11.65