Synergy Resources reports mid year proved reserves up 43% Synergy Resources announces that its mid-year proved reserve evaluation for the six months ending February 28 increased to 19.7mm/BOE compared to 13.8mm/BOE for the fiscal year end 8/31/2013 and the PV10 value of the proved reserves increased to $326M from $236M. Proved developed producing and proved developed non-producing assets accounted for two thirds of the value of the reserves while the remaining third of the value is proved undeveloped reserves.
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Synergy Resources pullback on Noble comments overdone, says FBR Capital FBR Capital says the sell-off in shares of Synergy Resources (SYRG) following Noble Energy's (NBL) cautious midstream and regulatory comments provides an attractive entry point into the name. FBR believes Noble's operational and well performance update for the Niobrara has "overwhelmingly positive" implications for Synergy. It reiterates an Outperform rating on the stock with a $19 price target.