September 15, 2009 - Watch shares of Rex Energy Corporation (REXX) because they could catch a bid due to an initiation from Thomas Weisel.
Price Target - $10
Rex Energy Corporation (REXX) initiated with an Overweight at Thomas Weisel.
This is a key overweight call because Nautral Gas prices have been surging lately and a bottom could be in place. REXX has some nice acreage in the Marcellus Shale in Pennsylvania. The Marcellus Shale could one day be the largest gas field in the USA given its size.
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