Why This Utica Driller Is up Big After Earnings
While it might not be its most productive play right now, Gulfport Energy has high hopes for its acreage in the Utica Shale. Much like its larger brother, Chesapeake Energy , Gulfport is scheduled to pour resources into this area, and rightfully so. Strong initial production flows and heavy oil and natural gas liquids content could mean the Utica Shale would end up rivaling its more prominent shale cousins -- the Bakken and Eagle Ford shales. Motley Fool energy analyst Taylor Muckerman believes that the Utica is the real deal. View the video below to find out what Gulfport had in store that helped lead to its big day in the markets today.
Energy investors would be hard-pressed to find another company trading at a deeper discount than Chesapeake Energy. Its share price depreciated after negative news surfaced concerning the company's management and spiraling debt picture. While these issues still persist, giant steps have been taken to help mitigate the problems. To learn more about Chesapeake and its enormous potential, you're invited to check out The Motley Fool's brand new premium report on the company. Simply click here now to access your copy, and as an added bonus, you'll receive a full year of key updates and expert guidance as news continues to develop.
The article Why This Utica Driller Is up Big After Earnings originally appeared on Fool.com.Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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