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up 1.77 %

ENCORE ENERGY PARTNERS LP (ENP) upgraded to Buy with price target $22 by UBS

Posted on: Thursday,  Sep 8, 2011  11:25 AM ET by UBS

UBS rated Buy ENCORE ENERGY PARTNERS LP (NYSE: ENP) on 09/08/2011, when the stock price was $19.70. Since
then, ENCORE ENERGY PARTNERS LP has gained 1.78% as of 11/30/2011's recent price of $20.05.
If you would have followed this UBS's recommendation on ENP, you would have gained 1.77% of your investment in 83 days.

Encore Energy Partners LP (ENP) was formed by Encore Acquisition Company (EAC) to acquire, exploit and develop oil and natural gas properties and to acquire, own and operate related assets. The Company?s properties and oil and natural gas reserves are located in three areas: the Big Horn Basin in Wyoming and Montana, primarily in the Elk Basin field (the Elk Basin Assets); the Permian Basin in West Texas, and the Williston Basin in North Dakota. As of December 31, 2008, its estimated proved reserves were 16.6 million barrels (MMBbls) of oil and 56.5 billion cubic feet (Bcf) of natural gas. During the year ended December 31, 2008, the Company drilled seven gross (5.1 net) operated productive wells and participated in drilling 30 gross (5.2 net) non-operated productive wells for a total of 37 gross (10.3 net) productive wells. In 2008, the Company did not drill or participate in drilling any dry holes.

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
9/8/2011 11:25 AM Buy
19.70 22.00
as of 12/30/2011
1 Week   
1 Month   
3 Months up  7.10 %
1 YTD up  0.22 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/14/2011 11:25 AM Hold
22.12 22.00
11/14/2007 9:25 AM Buy
10/23/2007 9:25 AM Hold

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