2012-12-28
| Signal | Price | Bias | Subject | Owned |
|---|---|---|---|---|
| BUY | $1.990 | BULLISH on RESOURCES | RESOURCE | Unknown |
6000 barrel per day producer out of the UK North Sea. Brent prices are significantly higher than both WTI and Canadian. They will generate excellent cash flows. Put themselves up for sale earlier this year. With no buyers, the stock dropped to about $1.50 and is now inching its way back up. A good hold in the intermediate oil/gas space.
Michael Giordano
VP Investments & Portfolio Manager,