Globe editors have posted this research report with permission of Dundee Capital Markets. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following text is excerpted from the report:
Given the upward trend in Brent pricing of late, Brent currently trading close to its 3-month high, we maintain our overall 2013, 2014 and long-term Brent estimates of $110(U.S.)/bbl, $105/bbl and $98/bbl respectively.
We take this opportunity to highlight our top picks within our international exploration and production coverage universe:
Funded, High-Impact Exploration: Africa Oil, WesternZagros;
Oil-Focused, Balanced E&P: Coastal Energy, Parex Resources;
Deep Value 'Turnaround': Bankers Petroleum
Read the full report here.