DALLAS--(BUSINESS WIRE)--Platina Energy Group (OTCBB: PLTG - News) has been rated "Speculative Buy" with a target price of $1.50 by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at http://www.BeaconEquityResearch.com.
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In the report, the analyst writes, "Platina Energy Group is an independent exploration and production company with multiple oil and gas lease properties in North America and a proprietary enhanced recovery technology. The Company, headquartered in Cheyenne, Wyoming, owns proved reserves valued in excess of $60 million and is currently producing oil from wells on its Young County prospect in Texas. The Company's strategy is to minimize risk by holding a diversified portfolio of energy and related investments. The Company currently owns oil and gas leases in the Palo Duro Basin in Texas, the Appalachian Basin in eastern Tennessee and in Young County, Texas."
Other companies in the natural resource development market include Marathon Oil (NYSE: MRO - News), International Oil&Gas (OTCBB: IOGH - News), Suncor Energy Inc (NYSE: SU - News), and Abraxas Petroleum Corp (AMEX: ABP - News).
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Platina Energy Group (PLTG). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research has been compensated two hundred fifty thousand free trading shares from a non-controlling third party (European American) for enrollment in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
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