Out Fox The $treet

With the recent run-up in Carrizo Oil & Gas ( NASDAQ: CRZO     ), you are probably wondering if the stock has any room for future gains. Balancing long-term potential and the risk of losing 100% in gains can be a difficult task. The company is a small exploration firm focused on the production of oil in the Eagle Ford Shale, Niobrara Shale, and natural gas in the Marcellus Shale. In addition, it recently completed the first well in the Utica Shale. Read the full article here . Disclosure: Long CRZO. Please review the disclaimer page for more details. 

Carrizo Oil & Gas (CRZO) achieved its oil production per day goal by reaching the objective of 5,000 net barrels by the end of 2011. In fact, production surpassed the goals by 20% with the oil production on December 26th reaching 6,040 barrels. CRZO has had a challenging time of meeting quarterly targets so this should be seen as significant news. Not only that, but it is already forecasting 7K barrels from the Eagle Ford alone by the end of 2012. This doesn't include anything from the Niobrara or any other fields. Amazingly the stock is flat for the day as the markets ignores the good news. Magnum Resources soared 17% yesterday on similar news. Not sure what else the market wanted, but this provides the new investor an opportunity to jump onto a proved fast growing producer at a cheap valuation. Details per PR: "It may have appeared optimistic when we announced our 5,000 bopd target in mid-2010 given that we were producing approximately 400 bopd at the time and...