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ENERGY XXI LTD (EXXI) [hlAlert]

Rating:
Buy EXXI
down 83.06 %

ENERGY XXI LTD (EXXI) rated Buy with price target $34 by UBS

Posted on: Monday,  Nov 22, 2010  11:25 AM ET by UBS

UBS rated Buy ENERGY XXI LTD (NASDAQ: EXXI) on 11/22/2010. Previously UBS rated Buy ENERGY XXI LTD (NASDAQ: EXXI) on 12/22/2009.,
when the stock price was $10.10. Since then, ENERGY XXI LTD has lost 83.07% as of 09/11/2015's recent price of $1.71.
If you would have followed the previous UBS's recommendation on EXXI, you would have lost 83.06% of your investment in 2089 days.

Energy XXI (Bermuda) Limited (Energy XXI) is an independent oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, development and operation of oil and natural gas properties onshore in Louisiana and Texas, and offshore in the Gulf of Mexico. As of June 30, 2009, its total proved reserves were 53.1 million barrels of oil equivalent (MMBOE) of which 58% were oil and 64% were classified as proved developed. The Company operated or had an interest in 274 producing wells on 148,784 net developed acres, including interests in 56 producing fields. Its wholly-owned subsidiary is Energy XXI Gulf Coast, Inc. The Company?s properties include Marlin, Castex, Pogo properties and Castex Energy. As of June 30, 2009, the Company completed three acquisitions of oil and natural gas properties.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/22/2010 11:25 AM Buy
None
26.07 34.00
as of 12/31/2010
1 Week down  -3.23 %
1 Month up  9.04 %
3 Months up  16.31 %
1 YTD up  132.72 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/22/2009 8:25 AM Buy
None
10.10 17.50

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