Seeking Alpha

Synergy Resources started at Buy at Canaccord as "Kodiak 2.0"

  • Synergy Resources (SYRG +1.2%) receives a Buy rating from Canaccord Genuity, which initiates coverage of the oil and gas company with a $17 price target, 33% above the stock's Friday closing price.
  • The firm describes SYRG as "Kodiak 2.0" - Kodiak Oil & Gas (KOG -1.1%) has jumped 33% YTD, 53% from a year ago, and 11-fold over the past five years.
  • Separately, SYRG enters into a joint development agreement with KOG to drill wells and develop acreage in Nebraska.
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Comments (1)
  • Michael Bryant
    , contributor
    Comments (5582) | Send Message
    (NYSEMKT:SYRG) chart looks good.;c=
    18 Aug, 11:13 PM Reply Like
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