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The Company is engaged in the land contract drilling of natural gas and oil wells, the exploration, development, acquisition and production of oil and natural gas properties and the gathering and processing of natural gas.
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Knifecatcher1 (< 20) Submitted: 2/16/07 7:47 PM : Start Price: $49.93 UNT Score: -11.04
Small-mid cap ($1B) domestic contract driller, an oil / gas E&P side as well, and value-added post processing and marketing. Very high rate of replacement for its reserves positions the company for the future and bolsters its intrinsic value. Projected future growth rate pegged at 20%. High value, low cost: Return on Assets is almost 50% higher than its peers, while its P / E is almost 50% lower. The stock price has trended lower for the past year, along with most of its petro bretheren.Consistent with my energy investment thesis for those Patient Fools, who believe that time is on their side. Credit where credit is due: I saw this stock on Joel Greenblatt's 'Magic' list, did some research, and found what I believe will be a long term winner.
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