Almost anyone who pays attention to the oil and gas space is familiar with the robust growth in activity in the Eagle Ford and Bakken regions of the U.S. Companies like
Chesapeake Energy (NYSE:
CHK),
Anadarko (NYSE:
APC) and
EOG (NYSE:
EOG) are major names in the Eagle Ford, while
Continental (NYSE:
CLR) and
Kodiak Oil & Gas (NYSE:
KOG) attract a lot of attention for their Bakken assets.
Amidst this,
GeoResources (Nasdaq:
GEOI) is a relatively lesser known name. Although it's not exactly undiscovered (about 14
sell side analysts cover it and over 75% of shares are owned by institutions), the relative valuation of other smaller Bakken/Eagle Ford plays suggests investors are not fully onboard the story just yet.
Read more here:
http://stocks.investopedia.com/stock-analysis/2012/GeoResources-A-More-Obscure-Play-On-Well-Known-Formations-GEOI-CLR-CHK-KOG0410.aspx
No comments:
Post a Comment