Global Hunter a bull on Breitburn and Gastar

|About: Breitburn Energy Partner... (BBEPQ)|By:, SA News Editor

Starting BreitBurn Energy Partners (BBEP +0.4%) with an Accumulate rating and $23 price target, analyst Sunil Sibal notes: 1) Increasing leverage to liquids production growth thanks to acquisitions in the Permian and Oklahoma; 2) Advantaged cost of capital positions the company well for additional acquisitions; 3) Growing inventory of organic development opportunities.

Started with a Buy at Global Hunter is Gastar Exploration (GST +1.6%).