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Ngas Resources, Inc. (NGAS) [hlAlert]

Rating:
Buy NGAS
down 60.47 %

Ngas Resources, Inc. (NGAS) rated Buy with price target $1 by Wunderlich

Posted on: Friday,  Oct 29, 2010  8:25 AM ET by Wunderlich

Wunderlich rated Buy Ngas Resources, Inc. (NASDAQ: NGAS) on 10/29/2010. Previously Wunderlich rated Buy Ngas Resources, Inc. (NASDAQ: NGAS) on 03/17/2010.,
when the stock price was $1.67. Since then, Ngas Resources, Inc. has lost 60.48% as of 04/13/2011's recent price of $0.66.
If you would have followed the previous Wunderlich's recommendation on NGAS, you would have lost 60.47% of your investment in 392 days.

NGAS Resources, Inc. is an exploration and production company focused on natural gas plays in the eastern United States, principally in the southern portion of the Appalachian Basin. The Company specializes in generating its own geological prospects in this region. The Company also controls the gas gathering and transmission facilities for its core Appalachian properties, providing deliverability directly from the wellhead to interstate pipelines serving east coast natural gas markets. During the year ended December 31, 2008, the Company had interests in a total of 1,375 wells, concentrated on Appalachian properties that the Company operates and controls through its gas gathering infrastructure. In August 2009, the Company closed the sale of its remaining 50% interest in 485 miles of Appalachian gas gathering facilities to Seminole Energy Services.

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
10/29/2010 8:25 AM Buy
None
0.60 1.00
as of 12/31/2010
1 Week up  48.71 %
1 Month up  9.43 %
3 Months down  -31.86 %
1 YTD down  -3.33 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/17/2010 8:25 AM Buy
None
1.67 3.00
10/14/2009 8:25 AM Hold
None
2.30 2.50

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