Synergy (NYSEMKT:SYRG) reported a very good quarter beating on the top and bottom lines. Q3 earnings were 7 cents versus Capital iQ of 6 cents/share. Revenues were up 64% YoY to $12.3 versus $12.6 million estimated. This was a pleasant surprise as I was hoping it would meet estimates. Currently I'm recommending a purchase of shares this quarter as we have some exciting news ahead for the remainder of the year. Players in the Wattenberg Field are currently under valued. I believe Bonanza Creek (NYSE:BCEI) and PDC Energy (NASDAQ:PDCE) are also favored through 2013.
Synergy has 17,046 net acres in Wattenberg Field and 20040 net acres in the Northern D-J Basin. Both are in...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|