Pritchard Capital's Morning Intelligence (GOK HOS HP MHR NFX NRG XEC)

Pritchard Capital is out with its Morning Intelligence report. In the report, Pritchard covers Geokinetics Inc. GOK, Hornbeck Offshore Services, Inc. HOS, Helmerich & Payne Inc. HP, Magnum Hunter Resources Corporation MHR, Newfield Exploration Co. NFX, NRG Energy, Inc. NRG, and Cimarex Energy Co. XEC. Pritchard is initiating NFX with a ‘Buy' and $65 price target. Pritchard discusses meeting with MHR management. The company's fourth well is expected to be part of a new JV to be announced shortly. Pritchard was impressed with HP's HP investor presentation. Pritchard is still mixed on HOS's outlook, post-spill in the Gulf of Mexico. XEC has gained a strong partner at Wyoming Riley Ridge project. Pritchard increased the price target on GOK to $9 on valuation. NRG announced it will buy Green Mountain Energy, one of the oldest and largest retail electric providers of “green energy” to deregulated markets. The deal was all cash for $350 million, but Pritchard believes it was cheap for a reason.