April 17, 2012 07:00 ET

Aroway Energy and ConocoPhillips Deemed 'Undervalued' Oil Stocks

Note to Editor: The Following Is an Investment Opinion Issued by the Capital News Circuit.

NEW YORK, NY--(Marketwire - Apr 17, 2012) - Investment opinion highlighting ConocoPhillips (NYSE: COP), Valero Energy Corporation (NYSE: VLO), Chevron Corporation (NYSE: CVX), and Aroway Energy Inc. (TSX VENTURE: ARW). A recent Seeking Alpha article ( written by David Gould of 'The Takeover Analyst' highlights a junior oil producer Aroway Energy (TSX VENTURE: ARW) and the undervalued price of ConocoPhillips (NYSE: COP) compared to other large industry players such as Valero (NYSE: VLO) and Chevron (NYSE: CVX). The Seeking Alpha article deems Aroway Energy as a "significantly undervalued" company.

Aroway is building itself into an "attractive takeover target" according to James West of The Energy Report ( The company has essentially surrounded itself with billion dollar plot companies in Alberta and has plans to drill nine new wells this year in its core area of the Peace River Arch. This, along with the company being cash flow positive, are contributing factors to Aroway Energy being an under the radar, up and coming junior.

Aroway has an inventory of good 3D seismic data and recently completed a seismic shoot that covered 75% of its 101 sections of land in its core area of the Peace River Arch in Alberta. For 2012, the company's targeted exit production is 1,200 barrels per day (boe/d). This will put the company into a category of a largely derisked investment, one with long-life wells and a clear growth strategy for land that could support 100 boe/d per well, making it a much more attractive takeover target for a Major. To learn more about Aroway's 2012 drill program visit

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