C. K. Cooper & Company Issues Semi-Annual Industry Report on Micro-Cap Oil & Gas
Companies, Publishes Focus List, and Makes Other Adjustments to Research
Coverage
IRVINE, Calif., Oct. 29 /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 through 2003.
Philip J. McPherson, Associate Director commented, "Higher commodity prices has
accelerated the level of merger and acquisition activity within the energy
sector, specifically in the smaller cap companies that we follow. The long-term
trend for Natural Gas remains quite positive, although the price environment
remains extremely volatile. As natural gas prices drop, we are seeing extreme
profit taking within our peer group. It is our opinion that those moments
provide investors with an ideal entry point to accumulate positions." Within this report, C. K. Cooper & Company has updated eight issues it currently
follows and dropped two issues from its coverage. These reports are as
follows: Issue Short-Term Long-Term
Rating Rating ATP Oil & Gas (NASDAQ:ATPG) Sell Hold
Berry Petroleum (NYSE:BRY) Hold Hold
Canadian Superior Energy (AMEX:SNG) Buy Buy
Equity Oil (NASDAQ:EQTY) NCC NCC
Goodrich Petroleum (NYSE:GDP) Hold Buy
North Coast Energy (NASDAQ:NCEB) NCC NCC
Parallel Petroleum (NASDAQ:PLLL) Buy Buy
Petroleum Development Corp. (NASDAQ:PETD) Hold Buy
The Exploration Company (NASDAQ:TXCO) Buy Buy
Wiser Oil Company (NYSE:WZR) Buy Buy To read the report, visit http://www.ckcooper.com/ .
For more information, please contact: Hue Lapham
Research Assistant
C. K. Cooper & Company Telephone: (949) 477-9300
18300 Von Karman Avenue, Suite 440 Facsimile: (949) 477-9211
Irvine, California 92612 E-Mail:
C. K. Cooper & Company is an investment banking/brokerage boutique that
specializes in the energy sector with an emphasis on exploration and production
companies.
Additional information on the securities mentioned in this report is available
upon request. This report is based on data obtained from sources we believe to
be reliable, but is not guaranteed as to accuracy and does not purport to be
complete. Because of individual client objectives, this report should not be
construed as advice designed to meet the particular investment needs of any
investor. Any opinions expressed herein are subject to change.
This report is not to be construed as an offer or the solicitation of an offer
to buy or sell the securities herein mentioned. From time to time, this firm,
its affiliated entities and/or their respective directors, officers, employees
or members of their immediate families may have long or short positions in the
securities mentioned in this report. These securities may be sold to or
purchased from customers or otherwise by this firm, its affiliated entities,
and/or its directors, officers, employees or members of their immediate
families, as principle or agent.
C.K. Cooper & Company is a member of the National Association of Securities
Dealers, CRD number 106578. DATASOURCE: C. K. Cooper & Company CONTACT: Hue Lapham, Research Assistant of C. K. Cooper & Company, +1-949-477-9300, facsimile, +1-949-477-9211, Web site: http://www.ckcooper.com/
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