Ideas for Eagle Ford as a possibly overlooked play?
It would depend on who you believe has overlooked it - the general populace, the general investor, SI investors, oil and gas people, you coming into it now (?), me finding an e&p related stock that I hadn't seen before.
It's "a hot area that just keeps getting hotter" -- "Foreigners Agree: Eagle Ford Shale The Place To Be".
stocks.investopedia.com
So I have to wonder, just how is this area overlooked and who has overlooked it? One thing with the Three Forks is that it covers a very wide land mass -- possibly extending from South Texas into Mexico. So while there may or may not be overlooked plays, there still may be time to buy e&p companies and related companies that will benefit over the coming years from Eagle Ford.
I play the Eagle Ford in several ways:
1. I took on a few shares of EOG. It's among the first movers into the area and it has among the largest positions. EOG is big (relatively) and has positions in other oil shales, so it is not a pure play Eagle Ford. Petrohawk is similar.
2. There are some multinationals that have interests in Eagle Ford. COP and also STO are examples. Compared to Conoco, Statoil just because it's relatively unknown to USA people (I assume) means it's somewhat overlooked. Again though, Eagle Ford just a small part of STO. (I have a few shares of STO)
3. There are several small or mid-size e&p companies that have positions in Eagle Ford. Some are: CRZO , GEOI, SFY, MHR, ROSE, CXPO. These are not pure plays on Eagle Ford. I have positions in some of these.
4. There are a few pure plays; they seem to be very small e&p companies. I've not looked at these yet.
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Here's a summary article I like for Eagle Ford ideas:
oilshalegas.com
GL. |
