Reliable Energy (REL.V) Buy, Sell or Hold

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Reliable Energy (REL.V)

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4 watching

SELL

Take over price was $0.35. Crescent point already owns a good chunk of it. He would take the money on the takeover bid.

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COMMENT

Oil exploration/production in south east Saskatchewan. Crescent Point (CPG-T) owns about 20% and is a strategic partner as they pursue the Bakken oil play. Still early days. Still needs to see another year of drilling. 2011 is a critical period for it.

BUY

Small cap higher risk story. Had potential to extend their Saskatchewan Bakken play east and had some early success there. Will also be coming out with some more information on the Alberta Bakken play, which is a hot play moving into Montana. Good catalysts.

BUY

Bakken is a growing resource and Crescent Point (CPG-T) has been a serial acquirer of juniors in this area and holds a large amount of Reliable shares. Very attractive land packages and will grow production significantly over the next 6-12 months so could be an acquisition target.

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Reliable Energy (REL.V) Frequently Asked Questions

What is Reliable Energy stock symbol?

Reliable Energy is a OTC stock, trading under the symbol REL.V (previously REL-X on Stockchase) on the undefined (undefined). It is usually referred to as or REL.V

Is Reliable Energy a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on REL.V (previously REL-X on Stockchase) on Stockchase. Read the latest expert commentary for Reliable Energy.

Is Reliable Energy a good investment or a top pick?

Reliable Energy was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Reliable Energy.

Why is Reliable Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Reliable Energy.

Is Reliable Energy worth watching?

Reliable Energy is covered by Stockchase experts and is worth watching.

Most Recent Experts

Jim Cramer - Mad Money

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Richard Orrell

RN Croft Financial Group

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5i Research

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Stan Wong

Private Wealth Management, ScotiaMcleod

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Reliable Energy (REL.V)