C.K. Cooper & Co. Announces Investment Opinion on Micro-Cap Oil & Gas Companies.IRVINE, Calif.--(BUSINESS WIRE)--Feb. 26, 1999-- C.K. Cooper & Company Issues Semi-Annual Industry Report On Micro-Cap Oil & Gas Companies; Initiates Coverage of Blue Dolphin Energy (Nasdaq:BDCO), Cheniere Energy (Nasdaq:CHEX CHEX Confined Helium Experiment CHEX Channel Expanded ) and Texoil Inc. (Nasdaq:TXLI); Other Adjustments to Research Coverage Made C.K. Cooper & Co. Friday released its semi-annual Micro-Cap review report on smaller exploration and production companies. Within this 33-page report, C.K. Cooper speaks of the impact of lower oil prices, the outlook for many smaller issues, and updated the issues currently followed by the firm. Within this report, C.K. Cooper & Co. has updated 11 issues that it follows in separate two-page reports. These reports are as follows: -- Blue Dolphin Energy -- (Nasdaq:BDCO) -- Research Initiation -- Unique to our Group: Ratings Long-Term/Short-Term: Buy -- Cheniere Energy Inc. -- (Nasdaq:CHEX) -- Research Initiation -- A Pure Exploration Play: Ratings Long-Term: Speculative Buy, Short-Term: Hold -- Equity Oil -- (Nasdaq:EQTY) -- Research Update -- Maintain Ratings Long-Term/Short-Term: Hold -- Fortune Natural Resources -- (AMEX AMEX See: American Stock Exchange :FPX FPX FlashPix (image format, file extension) FPX Field-Programmable Port Extender FPX Financial Post Index FPX Fixed Price Exercise FPX Flash Pix FPX Fixed Programmable Port Extender ) -- Research Update -- Positioned Better than Most to Grow. Ratings: Short-Term Hold, Long-Term: Buy -- Goodrich Petroleum -- (NYSE NYSE See: New York Stock Exchange :GDP GDP (guanosine diphosphate): see guanine. ) -- Research Update -- Lowered to Short-Term. Long-Term: Sell -- Middle Bay Oil -- (Nasdaq:MBOC) -- Research Update -- Still Able to take Action. Ratings: Maintained with Long-Term/Short-Term: Hold. -- North Coast Energy -- (Nasdaq:NCEB NCEB NATO Communications-Electronics Board ) -- Research Update -- Question of Focus & Direction. Ratings: Maintained Long-Term/Short-Term: Hold -- Parallel Petroleum -- (Nasdaq:PLLL) -- Research Update -- A Bunker Mentality. Ratings: Maintained Long-Term/Short-Term: Hold -- Petroleum Development Corp. -- (Nasdaq:PETD PETD Pulse Electro Thermal De-Icing PETD Post-Irradiation Examination Technology Development ) -- Research Update -- Value Remains. Ratings: Upgrade to Long-Term/Short-Term: Buy -- Royale Energy -- (Nasdaq:ROYL) -- Research Update -- 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. & Growing. Ratings: Maintained Highest Rating(s) Long-Term/ Short-Term: Strong-Buy -- Texoil Inc. -- (Nasdaq:TXLI) -- Research Initiation -- Business Combinations Creates Foundations. Ratings: Initiate with Short-Term/Long-Term Hold Rating(s) C.K. Cooper & Co. also made the following changes to its Watch List: -- Berry Petroleum -- (Nasdaq:BRY) -- Added -- Cotton Valley Resources -- (AMEX:KTN Ktn Kaernten (German: Carinthia; Austria Europe) KTN Knowledge Transfer Network KTN Kenya Television Network KTN Kawish Television Network (Pakistan) ) -- Dropped from Watch List -- Esenjay Exploration -- (Nasdaq:ESNJ) -- Added -- Kestrel Energy -- (Nasdaq:KEST) -- Dropped from Watch List -- Newstar Resources -- (Nasdaq:NERIF) -- Dropped from Watch List -- Pease Oil & Gas -- (Nasdaq:WPOG) -- Dropped from Watch List For more information contact: C.K. Cooper & Co., 18500 Von Karman Ave., Suite 560, Irvine, Calif. 92612. Telephone: 949/477-9300 Facsimile: 949/477-9211, e-mail: administration@ckcooper.com. C.K. Cooper & Co. is an investment banking boutique that specializes in the energy sector with an emphasis on exploration and production companies. |
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