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Beacon Equity Research has Rancher Energy Corp Rated 'Speculative Buy,' Target Price $7.39.

Publication: M2 Presswire
Publication Date: 31-JAN-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 January 2007-WallStreetAnalystReport.com: Beacon Equity Research has Rancher Energy Corp Rated 'Speculative Buy,' Target Price $7.39(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:31012007

Stocks to Watch: Rancher Energy Corp. (OTCBB: RNCH), AEROFOAM METALS INC. (OTCBB: Inc....

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...AFML), Allos Therapeutics (Nasdaq: ALTH), Martin Nutraceuticals Inc. (PinkSheets: MNCL), Liberty Diversified Holdings (OTCBB: LDHI)

Featured Stock: Rancher Energy Corp.

(OTCBB: RNCH) Current Price (2.58) www.wallstreetanalystreport.com

Rancher Energy Corp Rated 'Speculative Buy,' Target Price $7.39 by Beacon Equity Research Tuesday January 30, 6:30 am ET DALLAS----Rancher Energy Corp (OTCBB: RNCH - News) has been rated "Speculative Buy" with a target price of $7.39 by Beacon Equity Senior Research Analyst, Kris Goldcross, CFA.

The full report is available at http://www.BeaconEquityResearch.com Anyone interested in receiving alerts regarding Rancher Energy Corp research should email members@beaconequityresearch.com with "RNCH" in the subject line.

In the report Mr. Goldcross writes, "The Company is currently focused on five projects in the Rocky Mountain region spread across the Powder River Basin in central Wyoming and the Crazy Mountain Basin in central Montana. The Company recently acquired three fields that together represent approximately 115 million barrels of recoverable oil reserves and is actively pursuing selective leasehold acquisitions. Rancher Energy seeks to identify developmental drilling opportunities and then use CO2 injection EOR technology to profitably develop oil and gas reserves." Occidental Petroleum Corporation (NYSE:OXY - News), BP (NYSE:BP - News)...

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