Gulfport (GPOR)

[dan_s]

A bullish article on The Street.com is drawing more attention to GPOR.

The SPDR S&P Oil & Gas Exploration & Production ETF recently broke out bullishly from a double-bottom chart pattern. I've seen this pattern deliver many sustained upside moves in recent years. The top holding in the fund is Petrohawk Energy which is in the process of being acquired by Australian mining giant BHP Billiton (BHP). The exploration and production area of the oil and gas sector is ripe for more consolidation, so what small-cap E&P name looks the most compelling now? Oil and gas producer Gulfport Energy is a top-10 holding of XOP. It's a solid Small-Cap in the space with a lot of positive qualities from a fundamental and technical perspective. Gulfport has a market capitalization of $1.8 billion and an average daily volume of about 950,000 shares. Gulfport Energy's main properties are located along the Louisiana Gulf Coast and in West Texas in...

My Fair Value estimate for GPOR is $37/share. It is getting close.

GPOR is a prime takeover target due to the HUGE upside they have in the Canadian Oil Sands and in Thailand, so the share price could go a lot higher if a large-cap decides to make a run at it.