Voyager Oil & Gas (OTC:VYOG) Investors Should Wait for Growth Capital to be Identified

Voyager Oil & Gas (OTC:VYOG) has a solid asset base in the Bakken Shale, saying Global Hunter Securities, but investors should wait until the source of capital to fund the growth is identified.

Global said, "With a solid asset base in the Bakken Shale and seasoned operators converging on their acreage, Voyager is entering the early innings of the cash conversion cycle. While we like the growth plan the company has laid out, we believe investors would be served best on the sidelines until the source of capital to fund this growth has been identified."

Global Hunter Securities initiated coverage on Voyager Oil & Gas with a "Neutral" rating. Voyager closed Friday at $5.40, gaining $0.25, or 4.85 percent. Global has a price target of $5.25 on them.