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Synergy started with a Hold rating at Stifel

Jan. 14, 2014 3:59 PM ETSRC Energy Inc. (SRCI) StockSRCIBy: Carl Surran, SA News Editor
  • Synergy Resources (SYRG -0.2%) is initiated with a Hold rating at Stifel as a pure play on Colorado's Wattenberg field.
  • With a seasoned management team well versed in the history and nuances of the Wattenberg Field, SYRG has nimbly assembled a meaningful footprint in the region amid accelerating horizontal development of the Niobrara and Codell formations, the firm writes.
  • Despite its small size, SYRG has demonstrated its ability to execute in a highly competitive play as its first five horizontal wells appear to be strong producers and cost significantly less than competitor wells.

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