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American Eagle Energy Inc (AMZG) [hlAlert]

Rating:
Buy AMZG
3 Months Gains
down 97.34 %

American Eagle Energy Corp (AMZG) rated Buy with price target $10 by Canaccord Genuity

Posted on: Monday,  Mar 31, 2014  12:00 AM ET by Canaccord Genuity

American Eagle Energy Corp (AMEX:
AMZG) rated Buy with price target $10 by Canaccord Genuity.

Eternal Energy Corp. is engaged in the acquisition, exploration and development of natural resource properties. The Company is engaged in the exploration for petroleum and natural gas in the State of Nevada, the North Sea and the Pebble Beach Project through the acquisition of contractual rights for oil and gas property leases and the participation in the drilling of exploratory wells. At December 31, 2008, the Company entered into participation agreements related to oil and gas exploration projects in the Big Sand Spring Valley Prospect and the Cherry Creek Project, both located in Nye County, Nevada, and the Pebble Beach Prospect, located in North Dakota. The Company also owns a 75% working interest in the South West extension of the West Ranch Field, located in Jackson County, Texas. In June 2008, the Company sold its 50% working interest in certain properties located in Utah.

Canaccord Genuity’s global team of over 100 research professionals are inquisitive, experienced and committed to generating actionable investment ideas. We analyze over 725 companies in a broad range of market sectors, identifying value and defining risk for our clients.
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(*) Stock Price at the time of the recommendation.
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