C. K. Cooper Announces Investment Opinion on Micro-Cap Oil & Gas Companies.IRVINE, Calif.--(BUSINESS WIRE)--Aug. 25, 1999-- C. K. Cooper & Co. Issues Semi-Annual Industry Report On Micro-Cap Oil & Gas Companies; Initiates Coverage of Berry Petroleum, Publishes Focus List and Makes Other Adjustments to Research Coverage C. K. Cooper & Co. Wednesday released its semi-annual Micro-Cap review report on smaller exploration and production companies. Within this 30 page report, C. K. Cooper speaks of the impact of increases in oil prices, the outlook for many smaller issues and updated the issues currently followed by the firm. Within this report, C. K. Cooper has updated 10 issues that it follows in separate two page reports. These reports are as follows: Berry Petroleum -- (NYSE NYSE See: New York Stock Exchange :BRY) -- Research Initiation -- Ratings Long-Term: Strong-Buy, Short-Term: Buy Blue Dolphin Blue Dolphin may refer to:
Cheniere Energy Inc. -- (Nasdaq:CHEX CHEX Confined Helium Experiment CHEX Channel Expanded ) -- Research Update -- Ratings Long-Term: Speculative Buy, Short-Term: Hold Equity Oil -- (Nasdaq:EQTY) -- Research Update -- Ratings Long-Term: Buy, Short-Term: Hold Goodrich Petroleum -- (NYSE:GDP GDP (guanosine diphosphate): see guanine. ) -- Research Update -- Ratings Long-Term: Hold, Short-Term: Sell Middle Bay Oil -- (Nasdaq:MBOC) -- Research Update -- Ratings Long-Term/Short-Term: Hold Parallel Petroleum -- (Nasdaq:PLLL) -- Research Update -- Ratings Long-Term: Buy, Short-Term: Hold Petroleum Development Corp. -- (Nasdaq:PETD PETD Pulse Electro Thermal De-Icing PETD Post-Irradiation Examination Technology Development ) -- Research Update -- Rating Long-Term: Strong-Buy, Short-Term: Buy Royale Energy -- (Nasdaq:ROYL) -- Research Update -- Ratings Long-Term: Strong-Buy, Short-Term: Buy Texoil Inc. -- (Nasdaq:TXLI) -- Research Update -- Ratings Short-Term/Long-Term: Hold C. K. Cooper also stated that it had dropped North Coast Energy (Nasdaq:NCEB NCEB NATO Communications-Electronics Board ) and Fortune Natural Resources (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:FPXA) from research coverage. C. K. Cooper also made the following changes to its Watch List: Columbus Energy (AMEX AMEX See: American Stock Exchange :EGY EGY Egypt (ISO Country code) EGY Energy XXI (Bermuda) Ltd ) -- Added Esenjay Exploration -- (Nasdaq:ESNJ) -- Maintained Greka Energy Corp. (Nasdaq:GRKA) -- Added Questa Oil & Gas (Nasdaq:QUES) -- Added Vista Energy Resources (AMEX:VEI VEI Volcanic Explosivity Index VEI Vehicle Electronics Interface VEI Vector Engineering Incorporated (Olympia, Washington) VEI Valrik Enterprises Inc. (Ontario, Canada) ) -- Added Finally, C. K. Cooper announced its Focus List of three top energy issues with Berry Petroleum (NYSE:BRY) placed at No. 1, Petroleum Development Corp. (Nasdaq:PETD) placed at No. 2 and Royale Energy (Nasdaq:ROYL) placed at No. 3. C. K. Cooper is an investment banking boutique 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, 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 "Investment Risks." C. K. Cooper from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, non-public information 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 has not independently verified 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, 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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