Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Markets & Finance

UBS Ups Quicksilver Resources to Buy from Neutral


UBS Financial upgraded Quicksilver Resources (KWK) to buy from neutral, explaining that the company's shares have grown significantly cheaper relative to peers since early October.

Analyst J. David Anderson thinks operational and management-related issues are largely reflected in the company's stock price, while he views its asset base as high-quality with impressive growth potential. He notes that Quicksilver Resources holds acreage positions in two of the more prolific North American resource plays: Canada's Horseshoe Canyon and Barnett Shale in Texas. With 1.3 to 3.3 trillion cubic feet in potential reserves, a 22-year reserve life, 20%+ production growth, and deep drilling inventory, he thinks Quicksilver appears to be a prime acquisition target.


The Aging of Abercrombie & Fitch
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus