IRVINE, Calif., June 20, 2006 (PRIMEZONE) -- C. K. Cooper & Company released its Semi-Annual Industry Report, "Energy: The Once and Future Bull Market," discussing smaller exploration and production companies and the current trends and outlook for oil and natural gas prices.
Philip J. McPherson, Director of Research, commented, "The past 6 weeks have been tough for E&P investors; none the less, we continue to believe that the Energy Bull Market is still in full force. We believe investors need to begin accumulating those stocks that are trading at a discount to their reserve values. Based upon this assumption, we have identified our Focus List for 2006. Each of these issues predominantly produce oil and currently trade at a discount to their PV-10 values."
Within this report, C. K. Cooper & Company has updated four issues that it follows in separate three page reports. These reports are as follows:
Issues Rating Arena Resources Inc. (AMEX:ARD) BUY ATP Oil & Gas Corp. (Nasdaq:ATPG) BUY Berry Petroleum (NYSE:BRY) BUY Whittier Energy Corp. (AMEX:WHIT) BUY
C. K. Cooper & Company's clients may view this report by visiting: http://www.ckcooper.com.
C. K. Cooper & Company is an investment-banking boutique that specializes in the energy sector with an emphasis on exploration and production companies.
Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from source we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Because of individual client objectives, this report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
This report is not to be construed as an offer or the solicitation of an offer to buy or sell the securities herein mentioned. From time to time, this firm, its affiliated entities and/or their respective directors, officers, employees or members of their immediate families may have long or short positions in the securities mentioned in this report. These securities may be sold to or purchased from customers or otherwise by this firm, its affiliated entities, and/or its directors, officers, employees or members of their immediate families, as principle or agent.
C. K. Cooper & Company is a member of the National Association of Securities Dealer, CRD number 106578.