By: Benzinga
UPDATE: Stifel Nicolaus Upgrades Advantage Oil and Gas to Buy on Cost and Reserve Trends
Stifel Nicolaus upgraded Advantage Oil and Gas (NYSE: AAV ) from Hold to Buy and announced a $5.50 price target. Stifel Nicolaus analyst Kurt Molnar commented, "Advantage announced exceptional 2012 F&D costs of $4.41/Boe on the back of large positive revisions to historical reserves that were muted by a more
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