Brean Murray Carret & Co. Starts Whiting Petroleum (WLL) at Buy; Adding to N-T Conviction of Focus List

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Brean Murray Carret & Co. initiates coverage on Whiting Petroleum (NYSE: WLL) with a Buy. PT $70.00.

Analyst, Raymond Deacon, said, "We think investors should buy the stock ahead of results for initial Bakken drilling at Missouri Breaks, Starbuck, and the Lower Three Forks formation test at Hidden Bench in the first half. Results should give the market line of sight on Whiting's next tier of Willistong development inventory...WLL now trades less than $10 above its $46/share proved-only NAV."

For an analyst ratings summary and ratings history on Whiting Petroleum click here. For more ratings news on Whiting Petroleum click here.

Shares of Whiting Petroleum closed at $50.50 yesterday, with a 52 week range of $28.87-$73.23.

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