C.K. Cooper & Co. Issues Semi-Annual Industry Report on Micro-Cap Oil & Gas Companies; Initiates Coverage of Middle Bay Oil With a Long-Term Buy Rating; Other Adjustments to Research Coverage Made.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)--Aug. 17, 1998--C.K. Cooper Cooper may refer to:
Micro cap refers to a company with a market capitalization of between $50 million to $300 million. Notes: A micro cap stock isn't the smallest classification (nano-cap is even smaller), but it is getting pretty small. review report on smaller exploration and production companies. Within this 26-page report, C.K. Cooper speaks of the impact of lower oil prices, the outlook for many smaller issues and updates issues currently followed by the firm. The following adjustments were announced: Arch Petroleum -- (Nasdaq:ARCH) -- Dropped from coverage. Equity Oil -- (Nasdaq:EQTY) -- Maintained Long-Term/Short-Term: Hold Fortune Natural Resources -- (AMEX:FPX) -- Maintained Long-Term/ Short-Term: Hold Goodrich Petroleum -- (NYSE:GDP) -- Lowered to Long-Term Buy, Short- Term: Hold Infinity Inc. -- (Nasdaq:IFNY) -- Dropped from coverage. Middle Bay Oil -- (Nasdaq:MBOC) -- Initiated Research Coverage with Long-Term: Buy, Short-Term: Hold North Coast Energy -- (Nasdaq:NCEB) -- Raised to Long-Term: Strong- Buy, Short-Term: Buy Parallel Petroleum -- (Nasdaq:PLLL) -- Lowered to Long-Term: Buy, Short-Term: Hold Pease Oil & Gas -- (Nasdaq:WPOG) -- Dropped from coverage, added to Watch List Petroleum Development Corp. -- (Nasdaq:PETD) -- Maintained Long-Term/ Short-Term: Strong-Buy Royale Energy -- (Nasdaq:ROYL) -- Not updated in this report. C.K. Cooper & Co. also made the following changes to its Watch List: Cheniere Energy -- (Nasdaq:CHEX) -- Maintained Cotton Valley Resources -- (AMEX:KTN) -- Maintained Kestrel Energy -- (Nasdaq:KEST) -- Maintained Newstar Resources -- (Nasdaq:NERIF) -- Added Pease Oil & Gas -- (Nasdaq:WPOG) -- Added Texoil Inc. -- (Nasdaq:TXLI) -- Maintained 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: agmontano@ckcooper.com C.K. Cooper & Co. 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.
CONTACT: C.K. Cooper & Co., Irvine
Amy Montano, 949/477-9300
Fax: 949/477-9211
E-mail: agmontano@ckcooper.com
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