Seeking Alpha

QEP Resources (QEP +3.4%) may be about to benefit more than investors have realized from its...

QEP Resources (QEP +3.4%) may be about to benefit more than investors have realized from its shift away from natural gas and toward oil, BMO Capital says in initiating coverage with an Outperform rating. After its North Dakota purchase of 10,500 boe/day with reserves of 125M barrels at 81% oil, QEP is still gas-heavy but "that's beginning to change, perhaps quicker than the market anticipates."
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