RBC sees Elk upside

BRAD Lingo's affable charm and vision for Australian-based enhanced oil recovery pioneer Elk Petroleum has convinced RBC Capital Markets to pay attention and initiate coverage on his company.

RBC sees Elk upside RBC sees Elk upside RBC sees Elk upside RBC sees Elk upside RBC sees Elk upside

Elk's Lost Cabin gas plant.

RBC has given Elk a share price target of nine cents, saying the niche company is leveraged play on long-life, low-decline US oil and gas assets and inorganic blue sky, but RBC analyst Ben Wilson says