Summary
- Goodrich has prime acreage close to the Gulf Coast.
- Recent well results from TMS provide a mixed picture.
- The recent stock declines make the stock very intriguing now.
A growing theme in the markets is likely to develop
surrounding the building demand for energy supplies around the Gulf
Coast. Companies with production and infrastructure in and around the
area should benefit greatly. In that manner,
Goodrich Petroleum Corp (NYSE:GDP)
is ideally situated following the recent developments in the Tuscaloosa
Marine Shale, or TMS, and the holding of prime acres in the Haynesville
Shale and Eagle Ford Shale. All of these shale plays have the major
benefit of being located close to the refineries, chemical plants, and
export facilities located or being built around the Texas and Louisiana
coasts.
Read the
full article at Seeking Alpha.
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