Oil Companies Expecting 50% or More In Gains
Its always beneficial to find stocks that are expecting big gains. 50% gains are great news for investors, and each of the following companies are expecting such gains within a year. Fast growth can be very impressive and exciting for investors. David White provides due diligence on each of these for oil companies.
Triangle Petroleum Corp (TPLM) engages in the acquisition, exploration, and development of unconventional shale oil resources. It has approximately 72,000 net acres in the North Dakota Bakken/Three Forks oil play. Plus it has 413,000 net acres in the Maritimes Basin of Nova Scotia. The prolific Bakken is its gem at the moment.
Approach Resources Inc. (AREX) is an oil and gas explorer and producer. It has 140.400 net acres in the Permian Basin; 4,400 net acres in Cotton Valley; 79,800 net acres in the Mancos Shale in New Mexico; and 40,400 net acres in the New Albany Shale in Kentucky. An interesting point is that Yale University held 97,053 shares of AREX at the end of Q2 2011. It had added 18,477 shares to its position during the quarter. Yale is considered a knowledgeable and conservative investor.
Stone Energy Corp. (SGY) is an independent oil and natural gas company. It engages in the acquisition, exploration, development, and operation of oil and gas properties located in the Gulf of Mexico and the Appalachia region. SGY has 74,200 net acres in the Marcellus Shale (Appalachia). The entirety of the acreage is believed to be in the core, over pressured area of the Marcellus play. It has a Joint Venture with Atinum in part of this area (part of the 99,500 gross acres). It has 92,000 net acres of undeveloped plays in the Rocky Mountain Region. It has 65 active properties and 102 primary term leases in the Gulf Coast Basin.
Forest Oil Corp. (FST) is an independent oil and gas company. It engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in North America. It has 113,000 net acres in the Eagle Ford. It has 48,000 net acres in the Wolfcamp Shale oil play. It has 101,000 net acres that are prospective for various Granite Wash formations. It has approximately 169,000 net acres in the East Texas/ North Louisiana area. This includes Cotton Valley, Haynesville, Bossier, and other formations. It has 131,000 net acres in the Deep Basin in Alberta and British Columbia. It has 41,000 net acres in the Peace River Arch in Alberta.
Each of these companies has its pros and cons. Dig deeper on some information for these stocks. Depending on what you find, make sure to find one that fits your portfolio appropriately. Each of these stocks have potential to rebound their current downward movement, with big gains in the next year.
Quotes taken from report by David White, Read the entire article here.
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