Emerald Oil (EOX +6.8%) is upgraded to Buy at Global Hunter in response to a "positive"...

|About: Emerald Oil, Inc. (EOX)|By:, SA News Editor

Emerald Oil (EOX +6.8%) is upgraded to Buy at Global Hunter in response to a "positive" conversion from a non-operating E&P company to an operator of oil-focused Bakken wells. Also, the $50M capital infusion improves EOX's access to capital and reduces capital risk in the event of declining crude prices or subpar initial well results, unlikely given adjacent well results.