Energy XXI (EXXI +1.2%) moves higher after Canaccord starts coverage with a Buy rating and $44...

|About: Energy XXI Ltd. (EXXIQ)|By:, SA News Editor

Energy XXI (EXXI +1.2%) moves higher after Canaccord starts coverage with a Buy rating and $44 price target. The firm likes EXXI "for its oil-weighted asset base, consistent cash generation, and potential upside from its ultra-deep program, which is getting closer to becoming a contributor to reserves and production."