Wellington analyst calls SPI 'the next Monterey'!

Wellington has issued a trading note regarding Canadian Spirit Resources Inc. (SPI) with a strong buy recommendation and $3.00 target price. "Analyst Kim Page is calling this story 'the next Monterey'. They also state in the note, "as for 'the next Monterey'... using Monterey take-out valuation metrics point to a potential $8+/share."