NORTH AMERICA

Elk rising fast

EDISON Investments believes a 30% share price hike from 9c to 12c is imminent for Elk Petroleum after its latest pruchse and further upwards moves if the oiler can push cost saving measures on its transformational Rocky Mountain Aneth acquisition.

Elk rising fast

Earlier RBC Capital Markets upgraded Elk to Outperform after the oiler paid Resolute Energy US$160 million ($200 million) for a  63.7% share of the Utah field, which is one of the largest C02 EOR projects...

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