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Venoco, Inc. (VQ) [hlAlert]

Rating:
Buy VQ
down 28.71 %

Venoco, Inc. (VQ) rated Buy with price target $27.50 by Wunderlich

Posted on: Wednesday,  Sep 22, 2010  8:25 AM ET by Wunderlich

Wunderlich rated Buy Venoco, Inc. (NYSE: VQ) on 09/22/2010. Previously Wunderlich rated Buy Venoco, Inc. (NYSE: VQ) on 06/28/2010., when
the stock price was $17.52. Since then, Venoco, Inc. has lost 28.71% as of 10/03/2012's recent price of $12.49.
If you would have followed the previous Wunderlich's recommendation on VQ, you would have lost 28.71% of your investment in 828 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.

Advising private clients is a long-term and relationship-guided process. The Financial Advisors at Wunderlich Securities recognize that serving individuals and families requires an understanding of their individual goals and needs. Our approach involves a cycle of service. Wunderlich's Financial Advisors work with each client to design, implement and monitor a plan that serves the client's needs. We utilize a variety of high-quality investments including stocks, bonds, mutual funds, options and annuities to build diversified and balanced portfolios.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/22/2010 8:25 AM Buy
None
19.92 27.50
as of 12/31/2010
1 Week up  6.85 %
1 Month up  14.58 %
3 Months up  1.63 %
1 YTD up  0.15 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/28/2010 8:25 AM Buy
None
17.52 25.00

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