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EnvestorFirst (44.71)

Energy Stocks: Hot Commodities

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June 23, 2011 – Comments (2) | RELATED TICKERS: HK.DL2 , UPL , PTR

Some energy stocks aren’t even worth a single glance, let a lone two. Well, the stocks below are difference. They are most definitely work a second glance, and a nice long one at that. These stocks have great potential, and Investment Underground explains why.

 

 "Petrohawk Energy Corporation (HK): Based out of Houston, HK focuses on oil and natural gas E&P and operates primarily in Louisiana, Arkansas, and Southeast Texas. We think Petrohawk is an attractive buy. HK has been trimming the fat to reduce its debt and concentrate the company around the development of its most profitable holdings.

 

 Ultra Petroleum (UPL): Ultra leases over 110,000 acres in the Green River Basin of Wyoming, and 480,000 over the Marcellus Shale in Pennsylvania. The Green River Basin, where UPL has significant experience producing gas and selling through the Rockies Express pipeline, is a promising multi-layer zone with deeper zones likely to add significantly to existing proven, and very valuable, reserves. UPL has well over 100 exploratory wells in the Marcellus with a third already producing gas for sale. Once natural gas prices firm, we expect Ultra shares to see considerable price appreciation."

 

Read the entire article here: http://turnkeyoil.com/2011/06/23/energy-stocks-hot-commodities/ 

2 Comments – Post Your Own

#1) On June 23, 2011 at 5:32 PM, tmathe85 (52.78) wrote:

Too bad theres a completions bottleneck not to mention rig rates are higher and gas prices are lower.......

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#2) On June 24, 2011 at 11:49 AM, EnvestorFirst (44.71) wrote:

I did notice the drop in gas prices yesterday.

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