Linn Energy (LINE -0.8%) is downgraded to Reduce from Neutral with a $34 price target (from $38) at Global Hunter after disappointing Q1 results. The firm is cautious given the reduced guidance, high decline rates, move away from the Hogshooter and general inability to drive growth in DCFPU despite massive development spending and acquisitions. [View news story]
Love these downgrades on these excellent companies. That just provides a buying opportunity to add more shares at say a ~10% discount. Love these analysts. Maybe they do provide us a meaningful function.
Frontline (FRO +5.2%) is upgraded to Neutral from Sell at Goldman, which says valuation no longer supports a Sell rating while staying cautious on the crude tanker outlook for the next two years given supply/demand imbalance. The firm also bumps Seadrill (SDRL -0.3%) to Neutral, reflecting its positive view on day rates and deep water drilling fundamentals. [View news story]
Ditto. So glad I have been in this position the past couple years and also got in initially in the mid 20's and added more later in the low 30's.
In its latest operational update, Triangle Petroleum (TPLM -5.1%) reports Q1 revenues +908% Y/Y to $5.2M and production +824% Y/Y to 62,700 boe. Well results: four gross operated wells in McKenzie County, all completed in May, with two wells currently producing and two undergoing flowback testing. [View news story]
And the price of the stock got creamed today. Who can ever figure the ever-so fickle stock market?
Linn Energy (LINE -0.8%) is downgraded to Reduce from Neutral with a $34 price target (from $38) at Global Hunter after disappointing Q1 results. The firm is cautious given the reduced guidance, high decline rates, move away from the Hogshooter and general inability to drive growth in DCFPU despite massive development spending and acquisitions. [View news story]
Frontline (FRO +5.2%) is upgraded to Neutral from Sell at Goldman, which says valuation no longer supports a Sell rating while staying cautious on the crude tanker outlook for the next two years given supply/demand imbalance. The firm also bumps Seadrill (SDRL -0.3%) to Neutral, reflecting its positive view on day rates and deep water drilling fundamentals. [View news story]
In its latest operational update, Triangle Petroleum (TPLM -5.1%) reports Q1 revenues +908% Y/Y to $5.2M and production +824% Y/Y to 62,700 boe. Well results: four gross operated wells in McKenzie County, all completed in May, with two wells currently producing and two undergoing flowback testing. [View news story]