C.K. Cooper Updates Parallel Petroleum, Maintains Long-Term: Strong-Buy, Short-Term: Buy; Exploration Programs in Full Swing.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)--Oct. 13, 1997--C.K. Cooper & Co. Monday released an eight page research update on Parallel Petroleum. While 1997 earnings estimates have been lowered to $.014 per share ($0.02 and $0.03 in earnings for the 3rd and 4th quarter respectively) and cash flow per share to $0.42, C.K. Cooper continues to recommend Parallel as a 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, 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. With an aggressive exploration program underway along the Gulf Coast of Texas, C.K. Cooper & Co. has placed a goal price of $7 and a 12 month goal price of $10 plus. "Parallel continues to show steady and methodical me·thod·i·cal also me·thod·ic adj. 1. Arranged or proceeding in regular, systematic order. 2. Characterized by ordered and systematic habits or behavior. See Synonyms at orderly. process on its exploration program along the Yegua/Frio trend. We believe that given the scope of these projects, that Parallel could more than triple in value over the next 5 years," commented Alex Montano. Full releases on each issues are available at our http://www.ckcoop.com . For more information contact: C.K. Cooper & Co., Alexander G. Montano, 18500 Von Karman Ave AVE Avenue AVE Average AVE Alta Velocidad Espanola (train between Madrid and Seville) AVE Alta Velocidad Española (Spanish: High Speed Train) AVE Audio Video Entertainment AVE Advertising Value Equivalent ., Suite 560, Irvine, Calif. 92612. Tel: 714/477-9300, Fax: 714/477-9211, e-mail: amontano@ckcoop.com, Web site: http://www.ckcoop.com . -0- 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 Alexander G. Montano, 714/477-9300 |
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