SeeThruEquity Initiates Research Coverage on Dejour Energy Inc.
SeeThruEquity, a leading New York City based independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has initiated coverage on Dejour Energy Inc. (NYSE MKT:DEJ / TSX:DEJ), an independent oil and natural gas exploration and production company operating projects covering over 80,000 net acres in NW Colorado’s Piceance Basin and 7,000 net acres in NE BC’s Peace River Arch region.
“Dejour’s flagship project is their 2,200 acre Kokopelli Field development in the Piceance Basin of Colorado,” remarked Ajay Tandon, Chief Executive Officer of SeeThruEquity, “and Dejour has access to the very attractive Niobrara shale formation that has the potential to significantly increase the company’s natural gas reserves. Recent wells in the area completed by rival firms such as WPX Energy (NYSE:WPX) have shown very promising results, with initial production rates in the 7-16 MMCF/d range. Dejour is the only smaller player with assets in this prolific formation and makes for a very attractive partner. After our analysis of the company, we have established an initial price target of $0.53 per share.”
The report is available to SeeThruEquity Select Members on SeeThruEquity's website at http://www.seethruequity.com and can be directly accessed here: DEJ Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, CapitalIQ, FactSet, and Zack’s. The update is also available on these platforms.
The investment opinions expressed in its report are solely those of SeeThruEquity. SeeThruEquity has not been compensated for the preparation of its initiation or quarterly update reports by any third party or by DEJ. SeeThruEquity has been compensated for the preparation and dissemination of this press release.
About SeeThruEquity
SeeThruEquity is an investment research and corporate access firm focused on smallcap and microcap public companies. The research is unbiased and not paid for research. The company does not do any investment banking or trading and does not own any of the stocks it covers. SeeThruEquity is an approved equity research contributor on Thomson First Call, CapitalIQ, FactSet, and Zack’s. The firm also distributes its research to an audience of opt-in investors and has over 50 companies under coverage. SeeThruEquity also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street. For more information visit www.seethruequity.com.
About Dejour Energy Inc.
Dejour Energy Inc. is an independent oil and natural gas exploration and production company operating projects covering over 80,000 net acres in NW Colorado’s Piceance Basin and 7,000 net acres in NE BC’s Peace River Arch region. The Dejour team has consistently been among early identifiers of premium energy assets, repeatedly timing investments and transactions to realize their value to shareholders' best advantage. Dejour maintains offices in Denver, USA, Calgary and Vancouver, Canada. The company is publicly traded on the New York Stock Exchange MKT (NYSE MKT:DEJ) and Toronto Stock Exchange (DEJ.TO).
Contact
SeeThruEquity
Ajay Tandon, 646-495-0939
