Equity Research for the following companies: Morgan Stanley (NYSE:MS), Medtronic (NYSE:MDT), Seagate (NASDAQ:STX), Cano Petroleum (AMEX:CFW), DISH Network (NASDAQ:DISH) & H&R Block (NYSE:HRB).

Cano Petroleum, Inc. (AMEX:CFW) today announced that it has reduced its FY 2009 capital budget to $35.5 million from $97.5 million.

Cano Petroleum, Inc. (Amex:CFW) is an oil and gas company that utilizes secondary waterflood and enhanced oil recovery (EOR) methods to produce oil and gas from mature U.S. fields.

Cano Petroleum, Inc. (AMEX:CFW) today announced the results of its Fiscal Year End Reserves as prepared by Miller and Lents, Ltd., its new independent petroleum engineer.

Cano Petroleum, Inc (Amex: CFW) today announced that it has entered into a $25 million Subordinated Term Credit Facility with UnionBanCal Equities, Inc. (UBE). Cano will immediately draw $15 million which will be used to pay down funded debt under its Senior Secured Facility.