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Venoco, Inc. (VQ) [hlAlert]

Rating:
Outperform
VQ
down 0.47 %

Venoco, Inc. (VQ) rated Outperform with price target $38 by BMO Capital Markets

Posted on: Tuesday,  Apr 15, 2008  9:25 AM ET by BMO Capital Markets

BMO Capital Markets rated Outperform Venoco, Inc. (NYSE: VQ) on 04/15/2008, when the stock price was $12.55. Since
then, Venoco, Inc. has lost 0.48% as of 10/03/2012's recent price of $12.49.
If you would have followed this BMO Capital Markets's recommendation on VQ, you would have lost 0.47% of your investment in 1632 days.

Venoco, Inc. is an independent energy company primarily engaged in the acquisition, exploration, exploitation and development of oil and natural gas properties with a focus on properties offshore and onshore California and the Gulf Coast of Texas. The Company?s principal properties are located both onshore and offshore Southern California, onshore in California's Sacramento Basin and onshore along the Gulf Coast of Texas. The Coastal California property consists of South Ellwood, Santa Clara Federal Unit, West Montalvo and Dos Cuadras. The Sacramento Basin property includes Greater Grimes and Willows. The Texas property comprises Manvel Constitution and South liberty. At December 31, 2007, Venoco had proved reserves of approximately 97.5 million barrels of oil equivalent (MMBOE), of which 60% were oil and 54% were proved developed. Its average net production was 22,674 BOE/day. In February 2009, the Company completed the sale of its Hastings Complex to Denbury Resources Inc.

The U.S. Equity Research team comprises over 25 analysts located in New York, Atlanta, Boston, Denver, Houston and Los Angeles. We cover more than 375 stocks and also provide equity strategy, quantitative analysis and portfolio management services to our clients. Our goal is to identify the best sectors to invest in, and the best stocks within those sectors, in order to help our clients maximize their portfolio returns. Our award-winning analysts provide research that is informative, perceptive and actionable.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/15/2008 9:25 AM Buy
None
12.55 38.00
as of 12/24/2008
1 Week down  -5.85 %
1 Month up  2.95 %
3 Months up  67.87 %
1 YTD down  -66.69 %

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