Simmons & Co.: Positive on ROSE and Alberta BakkenPositive comments on ROSE and the Alberta Bakken from U.S. energy specialist house Simmons & Co. today:
Alberta Bakken: We were surprised with thepositive commentary last quarter from ROSE specifically that the company will nolonger be pursuing a joint venture in the Alberta Bakken given their enthusiasmfor the play. It is possible that ROSE could discuss the well results from thevertical program, but we do not expect to hear any horizontal well results yet.Note: ROSE has completed their vertical delineation program and plans to drill3 horizontal wells to further test commerciality.
Likely 2Q EarningsReporting Date: August 8, 2011.
Given this, we could have some positive newsflow coming short-term regarding the Guardian.