C. K. Cooper & Company Issues Semi-Annual Industry Report on
Micro-Cap Oil & Gas Companies, and Makes Other Adjustments to Research Coverage
Including the Initiation of Coverage on NGAS Resources
IRVINE, Calif., April 28 /PRNewswire/ -- C. K. Cooper & Company today released
its Semi-Annual Industry report on smaller exploration and production
companies. In this report, C. K. Cooper discusses current industry trends, the
outlook for oil and natural gas prices, and key indicators for growth into
2005.
Philip J. McPherson, Director of Research commented, "Batter Up is the theme of
this report. Parlaying off our Middle Innings Theme at our February Conference,
we have placed our peer group of 12 Small Cap E&P Companies into 5 distinct
groups. The goal is to provide our investors with a potential investment
lineup. Given the current sell off in the energy sector we believe this could
be one of the best buying opportunities for investors, that are under exposed
to E&P companies. Especially when considering the current commodity price
environment." Brian J. Samuels, Associate Director of the Oil & Gas Group commented, "NGAS
Resources represents a unique story within the E&P sector with operations
currently focused on low-risk natural gas development drilling in the southern
portion of the Appalachian Basin in Kentucky. NGAS has a highly experienced and
well-known management team, an extensive multi-year drilling inventory, and the
expertise to exploit those assets." Within this report, C. K. Cooper & Company has updated twelve issues that it
follows in separate two page reports. These reports are as follows: SHORT-TERM LONG-TERM
ISSUES RATING RATING Arena Resources Inc. (AMEX:ARD) BUY BUY
ATP Oil & Gas (NASDAQ:ATPG) BUY BUY
Berry Petroleum (NYSE:BRY) BUY BUY
Canadian Superior Energy (AMEX:SNG) BUY BUY
Edge Petroleum Corp. (NASDAQ:EPEX) BUY BUY
Goodrich Petroleum (NYSE:GDP) BUY BUY
Harvest Natural Resources (NYSE:HNR) BUY BUY
Infinity Inc. (NASDAQ:IFNY) HOLD BUY
Meridian Resources Corp. (NYSE:TMR) BUY BUY
NGAS Resources Inc. (NASDAQ:NGAS) BUY BUY
Petroleum Development Corp. (NASDAQ:PETD) BUY BUY
The Exploration Company (NASDAQ:TXCO) HOLD BUY C. K. Cooper & Company's clients may view this report by visiting:
http://www.ckcooper.com/.
For More information, please contact: C. K. Cooper & Company 18300 Von Karman Avenue, Suite 700 Irvine, California
92612 Telephone: (949) 477-9300 Facsimile: (949) 477-9211 E-Mail: C.K. Cooper & Company 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 &
Company, 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, 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 & Company from time to time perform corporate
finance or other services for some companies described herein and may
occasionally possess material, nonpublic 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 &
Company 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 & Company, 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. DATASOURCE: C. K. Cooper & Company CONTACT: C. K. Cooper & Company, +1-949-477-9300, fax, +1-949-477-9211, Web site: http://www.ckcooper.com/
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