Gulfport Energy Corp (GPOR)

low relative PE, good star & 2010 earnings. Bottom fishing week of 11/2

.2

Wall street loves this stock.

GPOR-this is an up & comer. growing steady all year with still room to grow. its principal properties located in the Louisiana Gulf Coast and in West Texas in the Permian Basin and has investments in companies operating in Canada and Thailand. with it have investments in a couple foreign companies makes this even more intrigung to me. a buy & hold for 3/5 years.

$138 MM market cap, $202 MM enterprise value. First quarter 2009 average daily production 4,784 BOEPD (93% oil). 25.5 MMBOE proved reserves. 15 year reserves to production ratio. 1.7 MM barrels of production for 2009 and 2010 hedged between $54.81 and $58.24. (Facts from May 7, 2009 Investor Presentation).

Amount of production hedged should allow for a balance between stability and oil price appreciation. Manageable debt. No shareholder dilution. Nice oil company with excellent short term potential.

It looks like I'm catching this one on the beginning of an upswing and I think I'll hang on and ride it out for a few years & see. They have been hit by the low price of oil, but demand remains constant so the price will have to correct upwards IMHO.

This company is a solid buy at these levels.Plenty of upside and not much downside.Take a look for yourself.

Required "adjustments" to its proven reserves by Fed accounting rules mask solid cash flow. This is a solid business even at $40 BBL oil, anything higher it is string, when oil recovers in late 2009-2010 it will become a huge gainer.

Oil may be deep in to it right now, but long term as the world economy pulls itself up by it's bootstrapes, oil will make a comeback. Alt energy is wonderful, but it will take many years for it to make a significant dent in the use of oil. The days of easy extraction of oil are gone and some of the petroleum resources ie oil shale will require prices above $80 long term to exploit them economically. Oil fields around the world are showing decreases, some major, in their output. I am also convinced that OPEC is actually seriious this time about toeing the line on production reductions to try to drive the price of oil to the $70 mark or better. long oil 10 to 20 years!!

They've gained a lot of assets over the last year, and they're still under the price level they were at in 2007. Natural Gas is bound to go up before we get alternative energy going, and this company is currently oversold.

C&C

O/U 40% - 90%

GPOR got clobbered pretty hard for a couple of problems, but has ironed out the kinks and should be off and running again. At the current price, the projected PE for the coming year is about 6. Besides their currently profitable fields, they have a good inventory of future prospects involving some world class fields.

Solid fundamentals

Yay for oil and gas exploration!

RED HOT FIRST DIP TO RATE. POS BUY TOMORROW.

i feel this stock is moderately under valued and i predict somtime with in 5 years this stock will trade 25 dollars per share...

this is how i got my price of 25 dollars per share ;)
it is by far not that accurate because i just estimated with out doing the proper research, any ways, Gulfport is sitting on 23.2 million barrels of proven reserves. they have a 25% working interest in its canada operation, and a 50% working intrest in the perma basin project... i didnt include its project in southern Louisiana because their reserves are not proven. now taking the average of 25% and 50% minus a couple of % to be on the safer side of earning, i come to 35%....now (23.2 million barrels of reserves) multiplied by 0.35 to account for their share of the oil or 35% of the proven reserves, you get 8.12 million barrels. now 8.12 million barrles multiplied by the current market price of crude oil per barrel roughly 136dollars per barrel. you get 1104.32 million dollars. now taking the 1104.32 million dollars devided by 42.5 and you get to my target goal of 25 dollars per share!!!

trust me

Again equitytrader pick