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Dunedin Enterprise Investment Trust Plc (DNE) [hlAlert]

down 91.76 %

Dune Energy, Inc. (DNE) rated Buy with price target $2.60 by Jefferies & Co

Posted on: Tuesday,  Mar 11, 2008  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Buy Dune Energy, Inc. (OTCBB: DUNR) on 03/11/2008, when the stock price was $1.70.
Since then, Dune Energy, Inc. has lost 91.76% as of 02/02/2015's recent price of $0.14.
If you would have followed this Jefferies & Co's recommendation on DUNR, you would have lost 91.76% of your investment in 2519 days.

Dune Energy, Inc. (Dune) is an independent energy company based in Houston, Texas. The Company is engaged in the exploration, development, acquisition and exploitation of natural gas and crude oil properties, with interests along the Louisiana/Texas Gulf Coast. Its properties cover over 100,000 gross acres across 23 producing oil and natural gas fields. During the year ended December 31, 2008, Dune?s total proved reserves were 132.9 billions of cubic feet equivalent (Bcfe), consisting of 83.8 Bcf of natural gas and 8.2 million barrels (MMbbls) of oil.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
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(*) Stock Price at the time of the recommendation.
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