SmallCapNewsRelease:(OTCQX: XBOR) Given ‘Strong Buy’ Rating and $4.40 Price Target
JERICHO, NY—(SmallCapNewsRelease) — Cross Border Resources, Inc. (OTCQX: XBOR) an oil and gas exploration company, headquartered in San Antonio, Texas, focusing on non-operated opportunities with proven operators within the Permian Basin, has been given a ‘Strong Buy’ rating and a $4.40 price target by RedChip Research. http://www.redchip.com/files/redchipreports/XBOR_20110906_Initial Report.pdf
A major reason for the price target given to The Company is that the funds for future drilling will be internally generated without any dilution to shareholders. This puts the company is a position for rapid growth without hurting its investors.
To read more on the company, please visit http://www.xbres.com/
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