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Goodrich Petroleum Corporation (GDP) [hlAlert]

Rating:
Buy GDP
down 95.24 %

Goodrich Petroleum Corporation (GDP) rated Buy with price target $22 by MKM Partners

Posted on: Wednesday,  Sep 29, 2010  9:25 AM ET by MKM Partners

MKM Partners rated Buy Goodrich Petroleum Corporation (NYSE: GDP) on 09/29/2010, when the stock price was $14.29. Since
then, Goodrich Petroleum Corporation has lost 95.24% as of 12/01/2015's recent price of $0.68.
If you would have followed this MKM Partners's recommendation on GDP, you would have lost 95.24% of your investment in 1889 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.

MKM Partners LLC is an institutional equity trading and research firm. MKM Partners has extensive experience in the agency execution of U.S. and international equity orders. We provide clients with timely and unbiased economic, technical, and fundamental research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/29/2010 9:25 AM Buy
None
14.29 22.00
as of 12/31/2010
1 Week up  10.55 %
1 Month up  46.61 %
3 Months up  32.32 %
1 YTD up  34.91 %

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