Quicksilver Resources "buy," target price raised

04/24/08 - Canaccord Adams

NEW YORK, April 24 (newratings.com) - Analysts at Canaccord Adams maintain their "buy" rating on Quicksilver Resources Inc (KWK). The target price has been raised to $50.

In a research note published this morning, the analysts mention that the company has been extremely impressive in generating new unconventional plays and has an unrisked net resource base of 8.2 Tcfe. Quicksilver Resources is geographically well positioned, with its acreage is close to lands owned by Encana, EOG Resources and Apache, the analysts add.