Heartland Oil & Gas Corp. Receives Updated 'Speculative Buy' From Beacon Equity Research
Posted on: Tuesday, 24 June 2008, 09:03 CDT
Heartland Oil & Gas Corp. (OTCBB: HTOG) receives reiterated 'Speculative Buy' from Beacon Equity Research Analyst Victor Sula, Ph.D.
The full report is available at http://www.BeaconEquity.com/m.
Anyone interested in receiving alerts regarding Heartland Oil & Gas Corp. research should e-mail members@beaconequity.com with "HTOG" in the subject line.
In the report, the analyst writes, "With the completion of drilling operations over a two-year period, HTOG could boost production and gas sales to $36 million annually. Assuming a 30 percent EBIT margin, and a 10-year time horizon, this project could generate a Net Present Value in a $15 million range ... we continue to think HTOG has attractive energy assets and significant growth potential. Accordingly, we are reiterating our Speculative Buy rating for Heartland Oil and Gas Corp. ..."
Other companies in the oil and natural gas industry include Abraxas Petroleum Corp. (AMEX: ABP), Petrosearch Energy Corp. (OTCBB: PTSG), Carrizo Oil & Gas Inc. (Nasdaq: CRZO) and Brigham Exploration Co. (Nasdaq: BEXP).
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of HTOG. 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 and its affiliates have been compensated a total of ten thousand two hundred and fifty dollars from OTCStockZone for enrollment of HTOG in its research program and other services.
Source: Business Wire
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