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Daily Stock Opinions and Ratings
Stockchase Opinions

Joanne A. Hruska, CFA Reliable Energy REL-X BUY Feb 25, 2011

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.
Joanne A. Hruska, CFAJoanne A. Hruska, CFA
Owned
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$0.465

Stock price when the opinion was issued

oil gas
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BUY

Reliable Energy(REL-X)

Oct 07, 2010
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.
James HodginsJames Hodgins
Owned
Unlock Rating
$0.380

Stock price when the opinion was issued

oil gas
COMMENT

Reliable Energy(REL-X)

Apr 25, 2011
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.
Dennis da SilvaDennis da Silva
Owned
Unlock Rating
$0.465

Stock price when the opinion was issued

oil gas
SELL

Reliable Energy(REL-X)

Mar 19, 2012
Take over price was $0.35. Crescent point already owns a good chunk of it. He would take the money on the takeover bid.
Michael DecterMichael Decter
Unknown
Unlock Rating
$0.340

Stock price when the opinion was issued

oil gas

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