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Gold/Mining/Energy : Oil Sands and Related Stocks

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From: james flannigan	3/31/2008 8:51:49 AM
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Connacher Oil & Gas "buy," target price raised 02/26/08 - GMP Securities NEW YORK, February 26 (newratings.com) - Analysts at GMP Securities reiterate their "buy" rating on Connacher Oil & Gas Ltd (C8O). The target price has been raised from $5.50 to $6.25. In a research note published this morning, the analysts mention that the company has ended the year with 53 mmboe of proved and 178 mmboe of 2P reserves, reflecting y/y growth of 21% and 112%, respectively. Connacher Oil & Gas is a leading land operator due to its proven operating expertise, GMP Securities adds.

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