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  • Dejour Energy (DEJ) Solid Performance, Barrick Gold (ABX) Well-Rated 0 comments
    Aug 8, 2014 9:22 AM | about stocks: DEJ, ABX

    http://static.cdn-seekingalpha.com/uploads/2014/6/20/saupload_dej.jpg Dejour Energy Inc. (NYSEMKT:DEJ)

    Keep a close eye on DEJ. The company reported solid performance on its financial results, highlighted by a significative increase in daily production.

    For the second quarter 2014, DEJ posted net income of $730,000, compared with a loss of $1.1 million in the same period the prior year, and increased production by 33% to an average of 561 boe/d, from 422 boe/d the second quarter 2013

    DEJ has repaid $3.5 million in secured debt, representing a reduction of 56%.

    DEJ is an independent oil and natural gas exploration and production company operating projects in North America's Piceance Basin (45,425 net acres) and Peace River Arch regions (17,000 net acres).

    More about Dejour Energy Inc. (DEJ) at www.dejour.com

    **

    http://static.cdn-seekingalpha.com/uploads/2014/7/14/saupload_abx.jpg Barrick Gold Corporation (NYSE:ABX)

    Brokerage firm Goldman Sachs has upgraded ABX from Buy to Conviction Buy and raised its price target on the company from $21.00 to $22.00 per share.

    ABX operates mines and advanced exploration and development projects on five continents, and holds large land positions on some of the most prolific and prospective mineral trends.

    More about Barrick Gold Corporation (ABX) at www.barrick.com

    **

    Read Full Disclaimer at www.finance.crwe-pr.com/disclaimer

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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