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RESOLUTE ENERGY CORPORATON (REN) [hlAlert]

Rating:
Outperform
REN
down 94.63 %

RESOLUTE ENERGY CORPORATON (REN) rated Outperform by Wells Fargo

Posted on: Friday,  Jun 14, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform RESOLUTE ENERGY CORPORATON (NYSE: REN) on 06/14/2013, when the stock price was $8.20. Since
then, RESOLUTE ENERGY CORPORATON has lost 94.63% as of 01/06/2016's recent price of $0.44.
If you would have followed this Wells Fargo's recommendation on REN, you would have lost 94.63% of your investment in 936 days.

Resolute Energy Corporation (Resolute), formerly Hicks Acquisition Company I, Inc. (HACI), is an independent oil and gas company engaged in the acquisition, exploitation and development of oil and gas properties. The Company focuses on properties in Utah, which were properties acquired from two oil companies, in connection with an alliance with Navajo Nation Oil and Gas Company, and in Wyoming and Oklahoma, which were acquired through the acquisition of a privately held oil and gas producer. In addition, Resolute owns exploration properties in Wyoming and Alabama. On September 25, 2009, the Company announced that it has closed the business combination transaction contemplated by the Purchase and initial public offering (IPO) Reorganization Agreement, dated as of August 2, 2009, by and among the Company, HACI, Resolute Holdings Sub, LLC (Holdings Sub), Resolute Subsidiary Corporation, Resolute Aneth, LLC (Aneth) and HH-HACI, L.P., as amended (the Acquisition Agreement).

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/14/2013 8:25 AM Buy
None
8.20
as of 12/13/2013
1 Week down  -4.39 %
1 Month down  -6.65 %
3 Months down  -1.07 %
1 YTD up  0.85 %

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