FX Energy, Bill Barrett started at In-Line by Imperial Capital

Imperial Capital initiates coverage of both FX Energy (FXEN) and Bill Barrett (BBG) with In-Line ratings.

While the firm sees FXEN as undervalued on a risked net asset value basis, it thinks investors may sit on the sidelines until further delineation of the Tuchola discovery or positive results come from other near-term drilling; FXEN's results in Poland have been plagued by delays that are essentially out of its control - its Polish state oil company partner and the country's slow pace of permitting.

BBG continues its transition towards a more balanced oil and gas portfolio, the firm writes; with acreage in the core of the Wattenberg, investors await the continued de-risking of BBG's acreage position, particularly as its drilling program moves to the southern portion of its Northeast Wattenberg acreage.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs