NEW YORK, NY -- (Marketwire) -- 04/17/12 -- Investment opinion highlighting ConocoPhillips (NYSE: COP), Valero Energy Corporation (NYSE: VLO), Chevron Corporation (NYSE: CVX), and Aroway Energy Inc. (TSX VENTURE: ARW). A recent Seeking Alpha article (http://bit.ly/IrrFj3) written by David Gould of 'The Takeover Analyst' highlights a junior oil producer Aroway Energy (TSX VENTURE: ARW) and the undervalued price of ConocoPhillips (NYSE: COP) compared to other large industry players such as Valero (NYSE: VLO) and Chevron (NYSE: CVX). The Seeking Alpha article deems Aroway Energy as a "significantly undervalued" company.
Aroway is building itself into an "attractive takeover target" according to James West of The Energy Report (http://bit.ly/IglJKD). The company has essentially surrounded itself with billion dollar plot companies in Alberta and has plans to drill nine new wells this year in its core area of the Peace River Arch. This, along with the company being cash flow positive, are contributing factors to Aroway Energy being an under the radar, up and coming junior.
Aroway has an inventory of good 3D seismic data and recently completed a seismic shoot that covered 75% of its 101 sections of land in its core area of the Peace River Arch in Alberta. For 2012, the company's targeted exit production is 1,200 barrels per day (boe/d). This will put the company into a category of a largely derisked investment, one with long-life wells and a clear growth strategy for land that could support 100 boe/d per well, making it a much more attractive takeover target for a Major. To learn more about Aroway's 2012 drill program visit www.arowayenergy.com.
This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Information, opinions and analysis contained herein are based on sources deemed to be reliable and are subject to change without notice. A third party has hired and paid The Capital News Circuit one thousand two hundred and ninety five dollars for the publication and circulation of this news release. Accordingly, certain information included herein may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. However, no representation, expressed or implied, is made as to the accuracy, completeness or correctness. In light of the above, we accept no liability for any losses arising from an investor's reliance on or use of this report. We do not and have not had any ownership interest in said third party of any kind.
Capital News Circuit
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here