Octagon Capital maintain Buy $11.2 target price.Nav Malik, Octagon Capital Corporation (11/11/11) "Equal Energy Ltd. reported Q311 results that demonstrated positive year-over-year (YOY) growth. . .Q311 cash flow per share of
.50 was 20% higher than Q310 cash flow of
.42. . .average Q311 production of 11,263 boe/d was 28% higher than Q310 average production of 8,777 boe/d. . .YOY production growth was largely driven by the contribution from the Petroflow acquisition completed in June 2011, but also from Equal's drill program at its core plays. . .we are maintaining our Buy recommendation and $11.20 target price."