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EnvestorFirst (< 20)

Truly Undervalued Energy Stocks



July 19, 2011 – Comments (0) | RELATED TICKERS: CLR , WLL , PDCE

There has been a lot of action in the oil and gas industry in the past week. Between Conoco’s split and the buyout of PetroHawk, what about other energy stocks? There are a number of similar stocks that are going unnoticed and undervalued. Michael Filloon has chosen six stocks that are currently undervalued, and worth your attention.


 "Whiting (WLL) looks to have value, and would give access to several resource locations. It currently trades for 10 times next year’s earnings. Whiting has 1.3 million net acres in the United States. It is a top oil producer in three states.


#2 Producer in North Dakota#3 Producer in Oklahoma#17 Producer in Texas Continental (CLR) almost didn’t make this list as it is a very large oil company and is the largest oil producer in the Williston Basin. It has 868900 net acres here. More importantly, it has 270000 net acres in the Anadarko Woodford. Marathon Oil Corporation (MRO) estimates its Anadarko Woodford locations will have EURs of 750 to 1000 Mboe/well. This is better than the Bakken and Eagle Ford. Continental provides a leading position in two of the best unconventional resource plays in the country."



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