Raymond James Ltd. analyst Rafi Khouri is recommending investors who want exposure to oil and gas exploration to buy shares of Petromanas Energy Inc. (PMI-X0.250.014.17%). He believes Petromanas’ joint venture announced last year with Royal Dutch Shell is extremely positive for the Albanian-focused company, given the global energy giant will bring its technical knowledge, experience and resources to the table.

Upside: Mr. Khouri upgraded the stock to “outperform” from “market perform” while maintaining a price target of 35 cents.