Jennings Capital Initiates Coverage on Crocotta Energy (TSX:CTA) with a Buy Recommendation - Video Research Alert on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, November 29, 2013 -. Investment firm Jennings
Capital has initiated coverage on Crocotta Energy (TSX:CTA). Analyst Mark Heim
gives the company a buy recommendation and a 12-month target price of $4.25, a
premium of 52% to the $2.80 price the day the report was issued.
InvestmentPitch.com has produced a "video research alert" about Crocotta based
on this report. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "Crocotta" in the search box.
Crocotta Energy, an emerging junior oil and gas company engaged in the
acquisition, exploration, development and production of oil and natural gas
reserves in Western Canada, is led by President and CEO, Robert Zakresky, and a
team that has successfully built and monetized several junior oil and gas
companies.
The company is focused principally in two main areas of Edson, Alberta, and also
in Dawson in Northeast British Columbia. Total current corporate production is
approximately 9,500 barrels of oil equivalent per day, with about 30% crude oil
and liquids, and on track to exit the year at 10,500 Boe/d.
Crocotta's shares currently trade at $2.80, below the $4.25 target price, and
with 96.1 million shares outstanding, the company is capitalized at $269
million.
For more information please visit the company's website www.crocotta.ca contact
Robert Zakresky President and CEO at 403-538-3736, or email info(at)crocotta.ca.
For more information about Jennings Capital or to obtain a copy of their
research report, contact your nearest Jennings Capital office. Their branches
are listed on their website at www.jenningscapital.com.
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Datum: 29.11.2013 - 18:01 Uhr
Sprache: Deutsch
News-ID 321349
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