Energy Companies Bringing the Utica Shale to Market
As always, some companies utilize some areas more than others. In this case, these select few companies are really using the Utica shale to make a name for themselves. They are creating a strong focus in this shale formation and creating strong exposure in the market place. Matthew Smith explains why these few companies are the select few.
One company which is not receiving its due is EV Energy Partners, LP (EVEP) which we believe is the best play in the Utica for investors seeking both yield and massive capital gains. We think the company has one of best land positions in the play. In fact, when Chesapeake wanted to lock up land for its 1.25 million net acre position, it went to EVEP and locked up land that way. EV Energy Partners has over 600,000 net acres in the Utica and according to our data is the second largest position in the play. EVEP also enjoys the fact that much of its land is held by production (HBP), thus it can develop it at its own pace and not pile on debt to fund exploration.
Find additional stock picks here: http://turnkeyoil.com/2011/11/06/energy-companies-bringing-the-utica-shale-to-market/