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Whiting Petroleum (WLL +1%) is upgraded to Buy from Neutral at Sterne Agee, which says WLL's...

Whiting Petroleum (WLL +1%) is upgraded to Buy from Neutral at Sterne Agee, which says WLL's valuation disparity should narrow as it advances potential asset monetizations. The firm thinks two potential transactions could raise close to $1.2B to accelerate exploratory drilling programs, pay down debt and/or initiate a dividend.
Comments (1)
  • MexCom
    , contributor
    Comments (3043) | Send Message
     
    Their trend has been to acquire more properties and to explore them. Oil in the ground is better than money in the bank.
    " potential asset monetizations" I don't believe is a priority - I want them to acquire more acreage.
    16 Jan 2013, 01:21 PM Reply Like
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