Canaccord Genuity Still Sees Good Long-Term Value In Emerald Oil

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In a report published Thursday, Canaccord Genuity analyst Stephen Berman reiterated a Buy rating and $2.00 price target on
Emerald Oil Inc.EOX
. In the report, Canacord Genuity noted, "EOX has ~122K net acres (80% operated) in the Williston Basin (WB), a very meaningful position for a company of its size. The company has dialed back its 2015 capex plans to focus on preserving liquidity, which we believe is the prudent thing to do in the prevailing oil price environment. We continue to see good long-term value in EOX shares." Emerald Oil closed on Wednesday at $0.91.
Posted In: Analyst ColorReiterationAnalyst RatingsCanaccord GenuityStephen Berman
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