BridgeIR Group Upgrades EnDevCo Equity Rating
EnDevCo, Inc. (OTC BB:ENDE.OB) The Energy Development Company, says that BridgeIR Group, Inc. has upgraded their equity rating on ENDE. Mr. Michael Grobler, CFA announces the upgrade at a time when EnDevCo has been consistently showing a steady increase in total oil production. This upgrade is also due to the steadily increasing demand for oil and gas worldwide.
BridgeIR is noted for their work with account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media.
Mr. Chris A. Dittmar, CEO of EnDevCo, states, "We are honored to have a quality independent research firm review our progress and potential and provide the resulting upgrade in our stock. This offers further confirmation to our shareholders that the Company is headed in the right direction." Mr. Dittmar further stated, "EnDevCo is now positioned to be a profitable producer for many years to come with our current Oklahoma and Gulf of Mexico asset base and the steady demand for oil and gas in the United States. And, with the increasing consolidation occurring in our industry we are attracting the attention of many investors."
EnDevCo, Inc. is a growing energy company, rapidly establishing an identity as "The Energy Development Company" through science-based business development activities. EnDevCo believes the sensible application of "state-of-the-art" geo-science technologies provides profound risk reduction while significantly improving the profit upside for oil and gas exploration and production investments. EnDevCo's business plan includes strategies to participate in several sectors of the natural resources industry: 1) Oil and gas exploration and production; 2) Development of new technologies for the enhancement of oil and gas production and 3) Merchant power and integrated industrial site development. The Company's investment philosophy is governed by its consistent application of the principle "... science before the drill bit." The Company maintains offices in Houston and Dallas, Texas.
- EnDevCo Completes Second Horizontal Well at Short Junction (Aug 18)
- EnDevCo Partners in Peru Exploration (Mar 06)
- EnDevCo Appoints New Chief Financial Officer (Feb 25)