Seeking Alpha: Can Newfield Exploration Make Another Major Move?

I did think that Newfield Exploration (NYSE:NFX) was undervalued by the Street back in mid-Feburary, but more on the order of 40% and not the nearly 75% move the stock has delivered since then. Selling the Granite Wash assets for nearly $600 million was a nice development and the company has posted good results from recent wells drilled in Oklahoma and the Uinta. Looking ahead, the company is prioritizing the de-risking of the Oklahoma SCOOP and STACK plays and looking to sell its Chinese assets. I may yet be underestimating the potential here, but a 75% move in six and a half months seems like plenty for now.

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Can Newfield Exploration Make Another Major Move?

Seeking Alpha: Ultra Petroleum Continuing To Yo-Yo Between Gloom And Glee

Even by the elevated standards of independent exploration and production companies, Ultra Petroleum (NYSE:UPL) seems to more often swing between doom-and-gloom bearishness and gleeful bullishness than the typical E&P stock. A debt-loaded balance sheet, so-so debt-adjusted production growth, and "okay" assets may explain some of the negativity, but Ultra's production growth hasn't really been that bad, the cash costs are competitive, and the company is executing in its oil-rich Uinta acreage. Like many E&Ps, Ultra Petroleum looks undervalued on a NAV basis (though rising costs are an issue to watch there), but the EBITDA-based approach doesn't suggest the same level of near-term opportunity.

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Ultra Petroleum Continuing To Yo-Yo Between Gloom And Glee

Seeking Alpha: Can Newfield Exploration Get Some Newfound Respect?

Oil prices appear to have put in a bottom in the low $90s, but investors have yet to come back to names like Newfield Exploration (NFX). Issues like the oil/gas mix, production and drilling costs, and debt-adjusted growth seem to be weighing on sentiment, even though Newfield has an enviable geographic diversity to its operations. While this is not my favorite name in the E&P space, I do believe it is trading below fair value and should do well when institution investors rediscover the independent E&P space.

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Can Newfield Exploration Get Some Newfound Respect?

Seeking Alpha: Bill Barrett's Transformation Can Fuel Further Gains

Timing is everything in the market; had I written what I'm about to write in February of this year, I'd have come off looking pretty good. Be that as it may, while missing the 60% move in Bill Barrett (BBG) stings a bit, I have confidence that the company can continue to deliver the sort of results that will move the stock even higher in the coming years. More to the point, the company's ongoing transformation from a high-cost producer of natural gas to a competitive producer of oil with a deep drilling inventory makes this a name to watch.

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Bill Barrett's Transformation Can Fuel Further Gains