ST. LOUIS, Jan. 27, 2010 (GLOBE NEWSWIRE) -- Murphy Analytics (MA) has initiated coverage on oil and gas exploration and production company American Eagle Energy, Inc. (OTCBB:AMZG). The 16-page Initiation Report contains a detailed discussion of AMZG’s recent achievements, short-term and long-term market dynamics, macroeconomic data and indicators, and risks. The Initiation Report is available at no charge at http://www.murphyanalytics.com/uploads/AMZG_Initiation.
Analyst Patrick J. Murphy, CFA notes in the report: “In the brief period of time during which Mr. Findley has been the President of AMZG, the Company has acquired an interest in oil and gas assets, demonstrated an ability to raise capital and engaged a consulting firm to identify additional acquisition targets… As illustrated later in this report, global demand for energy is expected to increase significantly over the coming decades, pushing oil and gas prices higher. Increasing demand over the shorter term also seems likely to put upward pressure on prices as economies recover globally… Although oil and gas development and production has many risks, the outlook for revenue potential for successful producers is bullish and AMZG is led by an accomplished industry veteran with a history of successful exploration and production.”
About Murphy Analytics
Murphy Analytics is an independent investment research firm providing coverage of microcap and smallcap stocks. Utilizing institutional caliber, fundamental, bottom-up analysis, Murphy Analytics helps investors make informed investment decisions about equities without extensive analyst coverage, with a focus on small-cap and micro-cap public stocks. Murphy Analytics LLC is owned by Patrick J. Murphy, who has over 15 years of capital markets experience, providing institutional investment and transaction analysis across a range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, CMBS and mortgage REIT's.
Disclosure: Murphy Analytics was paid $9,000 by Lake Group Media®, Inc. in advance of the publication of this report. Neither Murphy Analytics (MA) nor the analyst owns or trades the shares of covered companies. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. MA provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. This report is neither a solicitation to buy nor an offer to sell securities and is to be used for informational purposes only and should not be used as basis for investment decisions. MA is not an investment advisor or broker/dealer and this report does not provide investment advice.