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Enter Symbol:
 
Lone Pine Resources Inc (LPRIQ) [hlAlert]

Rating:
Underperform
LPR
up 1,740.00 %

Lone Pine Resources Inc (LPR) downgraded to Underperform by Raymond James

Posted on: Tuesday,  May 14, 2013  10:25 AM ET by Raymond James

Raymond James rated Underperform Lone Pine Resources Inc (OTCBB: LPRIQ) on 05/14/2013, when the stock price was $0.92.
Since then, Lone Pine Resources Inc has lost 94.57% as of 01/10/2014's recent price of $0.05.
If you would have followed this Raymond James's recommendation on LPRIQ, you would have gained 1740% of your investment in 241 days.

Lone Pine Resources Inc. (Lone Pine) is an independent oil and gas exploration, development, and production company with operations in Canada within the provinces of Alberta, British Columbia, Quebec and the Northwest Territories. The Company focuses on the Western Canadian Sedimentary Basin, which includes its Narraway/Ojay and Wild River fields in the Deep Basin and its Evi field in the Peace River Arch. Lone Pine is a wholly owned subsidiary of Forest Oil Corporation, which is an independent oil and gas company engaged in the acquisition, exploration, development and production of oil and natural gas. As of December 31, 2009, the Company had approximately 322 billions of cubic feet equivalent of estimated proved reserves of which approximately 69% was natural gas and approximately 64% was classified as proved developed. As of September 30, 2010, it had approximately 1.1 million gross (.8 million net) acres of land (approximately 80% of which is undeveloped).

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/14/2013 10:25 AM Sell
None
0.92
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/15/2012 8:25 AM Hold
None
1.41

(*) Stock Price at the time of the recommendation.
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