EQU: Poised to Grow in 2011

KEVIN SHAW, Wellington West Capital Markets (03/25/2011)
"EQU now controls 67 net sections of undeveloped acreage and operates all wells; each horizontal well at Hutton has potential to add 500+ Mb. in 2P reserves. . .$55M capex budget in 2011 is poised to deliver CFPS growth of 20%–30%. . .Reiterate Strong Buy on attractive valuation; raising target to $11.00/sh."

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