Mammoth Energy Group Rated 'Speculative Buy' Target Price $.30 by Beacon Equity Research
7:00a ET December 19, 2007 (Business Wire)
Mammoth Energy Group (OTC: MMTE) has been rated Speculative Buy with a price target of $.30 by Beacon Equity Research Analyst, Victor Sula, Ph.D.
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In the report, the analyst writes, "Mammoth Energy Group, Inc. (MMTE) is a US-based energy company involved in exploring, developing and extracting shallow gas resources and oil resources. The Company focuses on identifying and evaluating oil and gas prospects and then furnishes expertise and capital for developing projects that offer strong potential for commercially viable quantities of oil and gas. MMTE contracts with third parties for prospect drilling operations, negotiates production sales contracts, and delivers oil and gas production to the marketplace."
Other companies in the energy sector include Noble Energy Inc. (NYSE: NBL), Chesapeake Energy Corp. (NYSE: CHK), Cimarex Energy Co. (NYSE: XEC), and Delta Oil and Gas (OTCBB: DOIG).
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Mammoth Energy Group (MMTE) Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research and its affiliates have been compensated one million shares from Star Consulting for enrollment in this research program and to coordinate a marketing program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the 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.