Equal Energy Greater than the Sum of Its Parts

TIM MURRAY, Jennings Capital (03/31/2011)
"Cheap would be an understatement. . .Equal was active during 2010 targeting the Viking at Halkirk and Cardium at Lochend, and has very good results to date. . .Our BUY recommendation remains intact, but our target price has been increased to $11.50 (was $9.00) as a result of the growing light oil inventory and our estimated base 2P NAV/share of $11.56, which we feel is lightly booked."

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