Sunday, October 20, 2013
1 Stock to Gain From the Niobrara Beast
Nearly two years after being spun off from Williams Companies (NYSE: WMB ) , WPX Energy (NYSE: WPX ) is finally seeing decent stock gains. The large natural gas producer has been pushing toward drilling for oil, but ironically a massive natural gas find places this stock on a path to huge reserve growth.
Compared to other natural gas producers such as Range Resources (NYSE: RRC ) and Southwestern Energy (NYSE: SWN ) , the stock trades at sub-par multiples. Due to the massive well in the Niobrara shale called the 'beast,' it could finally be back on a growth trajectory.
Read the full article here.
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