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The 5 Prospects in the Shale Play Business



June 13, 2011 – Comments (0) | RELATED TICKERS: CRZO , EOG , GDPM

Keeping up on the shale news can be difficult considering there is so much information out there. Its always good to know who is the best in the biz, especially when it comes to investing in companies and buying their stock. Do you find shale plays exciting? Well so do these companies, and they are good at what they do!  Chris Stuart put together a list of the top 5 companies in the shale plays.


"The No. 1 producer is EOG Resources(EOG_), which has the largest position in the Eagle Ford shale with 520,000 net acres. Chief Executive Officer Mark Papa recently mentioned on the company’s last quarterly call that Wall Street was undervaluing its Eagle Ford position. More specifically, that the company’s 900 million barrels of oil-equivalent in the region wasn’t being accounted for.

Goodrich Petroleum(GDP_): The company has 40,000 acres in Eagle Ford and, according to energyinvestment boutique Howard Weil, it has Eagle Ford non-proven value per share of $12.74 (or nearly 68% of its current equity value). With a debt-to-equity ratio of nearly 72%, Goodrich has a less-than-stellar balance sheet and might be a target for a better-positioned oil company. Consider Goodrich to be a speculative high-risk, high-reward investment." 


Read the entire article here: 

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