C.K. Cooper Maintains Toreador Resources Hold

C.K. Cooper & Co. maintained its Toreador Resources TRGL Hold rating in a research report published today. In the report, C.K. Cooper states, "TRGL announced an agreement to merge with privately-held Za Za Energy, LLC. The merger seems like a good deal for TRGL shareholders, enhancing the firm's oil and gas development prospects in the Eagle Ford and Eaglebine plays in south Texas. While our growth outlook of the company has become more positive, we maintain a HOLD rating on TRGL shares, as some of the details of the merger are still unclear." Shares of Toreador Resources were trading at $3.13 at the time of posting, down 7.94% from Wednesday's market close.