C.K. Cooper & Co. Upgrades Petroleum Development Corp. To Short-Term Strong-Buy, Placed $8 Goal Price.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)--May 28, 1998--C.K. Cooper & Co. Thursday released a two page research report on Petroleum Development Corp. (Nasdaq: PETD PETD Pulse Electro Thermal De-Icing PETD Post-Irradiation Examination Technology Development ). In this report, C.K. Cooper raised its 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. rating to Strong-Buy from Buy and maintained its 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. Rating of Buy. C.K. Cooper & Co. further stated that based upon 1997 earnings, and its 1998 projection of $9.2 million that it placed a target price of $8 per share. The full text of the report is available at C.K. Cooper's Web site at http://www.ckcooper.com. For more information, contact: C.K. Cooper & Company 18500 Von Karman Avenue, Suite 560 Irvine, Calif., 92612 Telephone: 949/477-9300 Facsimile: 949/477-9211 E-mail: amontano@ckcoop.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.
Alexander Montano, 949/477-9300
Fax: 949/477-9211
E-mail: amontano@ckcoop.com
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