Back to top

Analyst Blog

Zacks initiates coverage of Native American Energy Group Inc. with an Outperform rating

 ZacksTrade Now

Zacks initiates coverage of Native American Energy Group Inc. with an Outperform rating

Ian Gilson, CFA

Native American Energy Group Inc. is a development stage energy resource management company with interests in tertiary oil recovery in Montana, coal-bed methane recovery in Alaska and vertical axis wind turbines.

The company currently has five oil wells on four leased holdings that have been flow tested for commercial production and we expect significant oil sales in 2013.

Initial production from two wells should generate revenue in the fourth quarter on 2012. Native American Energy has a contract to sell all the crude oil to Shell US Trading at a price based on the NYMEX average price.

Our recommendation is Outperform with a price target of $1.50.
 

Please visit scr.zacks.com to access a free copy of the full initiation report.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 3.80 +7.04%
BANCO DO BR… BDORY 14.74 +5.66%
AIR INDUSTR… AIRI 9.99 +4.15%
EQT MIDSTRE… EQM 98.14 +3.38%
WEATHERFORD… WFT 23.64 +3.10%