ATLANTA, GA--(Marketwire - Dec 6, 2012) - Marble Arch Research, Inc. announced today that it has INITIATED COVERAGE on MCW Enterprises Limited (TSX VENTURE: MCW) with a 12-month price target of $2.80.
Marble Arch Research, Inc. initiated a BUY rating for MCW Enterprises Limited, a Canadian holding company engaged in the fuel distribution and oil sands extraction through its two operating subsidiaries: MCW Fuels and MCW Oil Sands Recovery.
About MCW Enterprises Limited
MCW Enterprises Limited (MCW) is a Canadian holding company engaged in fuel distribution and oil sands extraction through its two operating subsidiaries: MCW Fuels and MCW Oil Sands Recovery (OSR). Originally named McWhirter Fuels, MCW Fuels was established in 1938 and generates stable and increasing cash flows. MCW OSR was recently created, tasked with applying the company's proprietary process for extracting bitumen from oil sand deposits in the U.S. Encouraged by its extraction technology testing in Russia, MCW has initiated plans to establish a portfolio of oil sand leases and bitumen extraction plants initially in Utah the largest oil sands deposits in the U.S. In our view, MCW's business plan is credible and, if executed well, could generate considerable upside potential for the company share price in the medium-term.
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