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Goodrich Petroleum Corporation (GDP) [hlAlert]

Rating:
Strong Buy
GDP
down 98.47 %

Goodrich Petroleum Corporation (GDP) rated Strong Buy by CapitalOne southcoast

Posted on: Monday,  Jun 2, 2008  10:25 AM ET by CapitalOne southcoast

CapitalOne southcoast rated Strong Buy Goodrich Petroleum Corporation (NYSE: GDP) on 06/02/2008, when the stock price was $44.66.
Since then, Goodrich Petroleum Corporation has lost 98.48% as of 12/01/2015's recent price of $0.68.
If you would have followed this CapitalOne southcoast's recommendation on GDP, you would have lost 98.47% of your investment in 2738 days.

Goodrich Petroleum Corporation is an independent oil and gas company engaged in the exploration, exploitation, development and production of oil and natural gas properties primarily in the Cotton Valley trend of East Texas and Northwest Louisiana. As of December 31, 2008, the Company owned working interests in 414 active oil and gas wells located in thirty fields in six states. At December 31, 2008, Goodrich had estimated proved reserves of approximately 390.4 billion cubic feet (Bcf) of natural gas and 1.9 million barrels (MMBbls) of oil and condensate, or an aggregate of 402.3 billion cubic feet equivalent (Bcfe). In 2008, the Company drilled and completed 126 gross wells. In June 2008, Goodrich and Chesapeake Energy Corporation announced that they have entered into a joint venture to develop Goodrich?s Haynesville Shale acreage in the Bethany-Longstreet and Longwood fields of Caddo and DeSoto Parishes, Louisiana.

Capital One Southcoast, Inc's research analysts provide comprehensive, ongoing research support. Our research analysts generate investment ideas for institutional clients across a broad range of industry sectors. Capital One Southcoast, Inc is a wholly-owned non-bank subsidiary of Capital One Financial Corporation. The securities sold, offered, or recommended by Capital One Southcoast, Inc are not insured by the FDIC, not bank guaranteed, and may lose value.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/2/2008 10:25 AM Buy
None
44.66
as of 12/24/2008
1 Week down  -14.93 %
1 Month up  0.77 %
3 Months down  -24.53 %
1 YTD down  -53.58 %

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