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Northland Capital Partners reiterated its “buy” rating, following “disappointing” news that unseasonal heavy rain at its Altintepe site had interfered with the construction schedule. However, the broker added that “it is more significant that the company will be moving to producer status early next year”.
Westhouse Securities reiterated its “buy” rating and described the company as one of its top stocks for 2015. The broker said Circle Oil’s profitable production in North Africa, as well as its interesting exploration/appraisal upside in Tunisia and Oman, made it a possible takeover target.