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Geomet, Inc. (GMET) [hlAlert]

Rating:
Buy GMET
down 99.48 %

Geomet, Inc. (GMET) rated Buy with price target $1 by Wunderlich

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

Wunderlich rated Buy Geomet, Inc. (OTCBB: GMET) on 10/29/2010. Previously Wunderlich rated Buy Geomet, Inc. (OTCBB: GMET) on 02/27/2009., when
the stock price was $1.09. Since then, Geomet, Inc. has lost 99.49% as of 08/27/2015's recent price of $0.01.
If you would have followed the previous Wunderlich's recommendation on GMET, you would have lost 99.48% of your investment in 2372 days.

GeoMet, Inc. (GeoMet) is an independent energy company. The Company is primarily engaged in the exploration for and development and production of natural gas from coal seams (coalbed methane or CBM) and non-conventional shallow gas. Its principal operations and producing properties are located in the Cahaba Basin in Alabama, and the Central Appalachian Basin in West Virginia and Virginia. GeoMet also controls additional coalbed methane, and oil and gas development rights, principally in Alabama, British Columbia, Virginia, and West Virginia. During the year ended December 31, 2008, the Company controlled a total of approximately 213,000 net acres of coalbed methane and oil and gas development rights. The Company?s proved natural gas reserves totaled approximately 320 billion cubic feet (Bcf) as of December 31, 2008.

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
0.70 1.00
as of 12/31/2010
1 Week up  12.96 %
1 Month up  48.78 %
3 Months up  45.23 %
1 YTD down  -16.43 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/27/2009 9:25 AM Buy
None
1.09 8.00

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