Collins Stewart Starts Double Eagle Petroleum (DBLE) at Buy
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- Double Eagle Petroleum Co. Reports Record Gross Production From the Catalina Unit for the Third Consecutive Month Representing a 237% Increase Over Prior Year
Collins Stewart initiates coverage on Double Eagle Petroleum Co. (Nasdaq: DBLE) with a Buy rating and $24.50 price target.
The firm said, "The company’s recent shift in strategy away from a relatively aggressive exploration projects to a focus on development projects should help drive production and reserve growth and ultimately shareholder value."
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