Rancher Energy Corp Rated Speculative Buy, Target Price $7.39 by Beacon Equity Research
Rancher Energy Corp has been rated “Speculative Buy” with a target price of $7.39 by Beacon Equity Senior Research Analyst, Kris Goldcross, CFA.
The full report is available at http://www.BeaconEquityResearch.com
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In the report Mr. Goldcross writes, “The Company is currently focused on five projects in the Rocky Mountain region spread across the Powder River Basin in central Wyoming and the Crazy Mountain Basin in central Montana. The Company recently acquired three fields that together represent approximately 115 million barrels of recoverable oil reserves and is actively pursuing selective leasehold acquisitions. Rancher Energy seeks to identify developmental drilling opportunities and then use CO2 injection EOR technology to profitably develop oil and gas reserves.”
Occidental Petroleum Corporation , BP and CONSOL Energy Inc. are other companies which are currently exploring options that involve CO2 injection technology.
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Rancher Energy Corp (RNCH). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts’ personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts’ compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon has directly been compensated seven thousand five hundred dollars by Equity Alliance International for enrollment in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Contact:
Beacon Equity Research Jeff Bishop, 469-361-6239 editor@beaconequityresearch.com www.BeaconEquityResearch.com or For Rancher Energy Corp John Works Investor Relations Contact: Great Northwest Investor Relations Inc.
1-866-375-RNCH (7624)
Source: Rancher Energy Corp
