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Investment analysts at M Partners assumed coverage on shares of Sintana Energy (CVE:DLA) in a note issued to investors on Friday. The firm set a “buy” rating and a C$0.35 price target on the stock.

Sintana Energy Inc is a Canadian oil and natural gas exploration company. The Company held a 25% working interest in 175,000 acres in the Bayovar block XXVII in the Sechura Basin, Peru; a 30% working interest in 108,336 acres in the Talora Block, and a 30% working interest in 272,021 acres in the COR-39 and COR-11 Blocks in the Magdalena Basin, Colombia.

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