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Undervalued Energy Stocks Worth Your Time

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June 15, 2011 – Comments (0) | RELATED TICKERS: RRC , ANR , UPL

Finding undervalued stocks can be a great start to finding solid stock picks when you are looking to buy. We have done some due diligence and found some great information on 8 undervalued stocks that are worth a look. Investment Underground gives us some details on these stocks, and reasons why they are worth your consideration.

 

 "Range Resources (RRC): Range Resources Corporation explores and produces natural gas in the continental United States. RRC leases 2 million net acres across the U.S., including positions in the Permian Basin, various gas fields in southwestern Virginia Appalachia, and 800,000 acres in the Marcellus Shale, one of the largest shale gas plays in North America. Like GMX Resources (GMXR) and Ultra Petroleum (UPL), which we have written about extensively in the past, the biggest issue for Range in the future will be persistently low natural gas prices. The revolutionary switch from vertical to horizontal drilling has been a double-edged sword.

 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://seekingalpha.com/article/274366-8-deeply-undervalued-energy-stocks-to-consider

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