C. K. Cooper &Company Announces Investment Opinion on Texoil Inc.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by C. K. Cooper &Co. IRVINE Irvine, town, Scotland Irvine (ûr`vĭn), town (1991 pop. 32,507), North Ayrshire, SW Scotland, on the Irvine River estuary. Industries include iron and brass foundries. Other products are chemicals, electric goods, and clothing. , Calif.--(BUSINESS WIRE)--Jan. 27, 2000 C. K. Cooper &Company Raises Texoil Inc. (Nasdaq:TXLI) to Short-Term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. : Buy, Maintain Long-Term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. : Strong-Buy; 8 Page Report Released C. K. Cooper &Company today released an 8 page research report on Texoil Inc. (Nasdaq:TXLI). In this report, C. K. Cooper raised its Short-Term rating to Buy and raised its Long-Term rating at Strong-Buy. The firm stated that it currently projects Texoil Inc. to earn $0.31 for the year ending December December: see month. 31, 1999 increasing to $0.88 in 2000, placing goal price of $12.50 per share during that period. &uot;Throughout 1999, we continued to cast a wary eye towards Texoil, in anticipation of what may occur as a result of depressed commodity prices in 1998. Yet, rather than moving backwards, during this period, Texoil took small steps that when combined together have positioned the Company for a period of necessary sustained and rapid growth. Furthermore, based upon our standard measurements of value, Texoil appears to be very undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. at this time,&uot; commented Alex Montano. For more information, contact: Rachel N. Lechmann Associate Director C. K. Cooper &Company Telephone: 949/477-9300, ext. 16 18300 Von Karman Avenue, Suite 440 Fax: 949/477-9211 Irvine, California Irvine is an incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28 1971, the 69.7 square mile (180.5 km²) city has a population of 202,079 (as of 2007). 92612 E-Mail: rlechmann@ckcooper.com C. K. Cooper &Company is an investment banking boutique Boutique A small investment firm specializing in offering specific, but limited services to a select number of individuals. Notes: These investment firms are the alternatives to large financial supermarkets. They provide a highly personalized environment for investing. that specializes in the energy sector with an emphasis on exploration and production companies. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of C. K. Cooper &Company, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference includes, but is not limited to, those discussed in &uot;Investment Risks.&uot; C. K. Cooper &Company from time to time perform corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information Nonpublic information Information about a company that is not known by the general public, which will have a definite impact on the stock price when released. See: Insider trading. regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, C. K. Cooper &Company has not independently verified ver·i·fy tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies 1. To prove the truth of by presentation of evidence or testimony; substantiate. 2. the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. C. K. Cooper &Company, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. |
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