Replies to post #604 on Saratoga Resources, Inc. (fka SARA)

[10 bagger]

Saratoga Resources initiated with a Mkt Outperform at Rodman & Renshaw; tgt $9 (Stock Price: 4.55)

Rodman & Renshaw initiates SARA with a Mkt Outperform and price target of $9 saying the co is a small-cap E&P company whose asset base is concentrated on the marshes and shallow waters of the Louisiana coastline. The stock is positioned to deliver compelling near-term growth, but at current levels is trading like a value name at only ~0.5x their proved-only NAV (compared to ~1.8x for peers)...offering a free option on not just its exploration upside, but its probable reserves as well.