By Staff Writer | Wednesday 11 December 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
AIM listed North American oil producer Magnolia Petroleum (MAGP) has today issued what appears to be a strong update on its drilling programme in Dakota. House broker reckons that there is no need to alter forecasts but has reiterated its stance of buy at 3.5p with a 4.6p target in a note out today.
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