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EV Energy (EVEP +4.9%) jumps on production results for its Utica Shale wells. The Cairns 5H...

  • Tuesday, August 21, 2012, 11:16 AM ET
    EV Energy (EVEP +4.9%) jumps on production results for its Utica Shale wells. The Cairns 5H well flow tested at a 24-hour rate of 1,690 boe/day, while the Frank 2H well produced into sales at an unassisted 24-hour rate of 870 boe/day.
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  •  
    this unexpectedly high flow rate should lift the price target from $70-$74 back up closer to $90/share.
    21 Aug 2012, 03:57 PM Reply Like
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