ROSE
Posted: Thu Feb 02, 2012 9:48 pm
Rosetta Resources (ROSE) is in the Sweet 16 because it is almost a pure play on the Eagle Ford Shale. I like "pure plays" because they make excellent takeover targets.
The Eagle Ford is going to get a lot of attention once the market sees the outstanding reserve reports coming from the play.
The Eagle Ford Shale continues to ramp up production and is on pace
to rival the Bakken play soon. With more than thirty producers operating
rigs seeking oil, production has gone from zero just two short years ago
to 71,000 b/d currently. In fact, in a recent report Bentek predicts that
production in the Eagle Ford will increase more than five-fold expecting
production of 420,000 b/d over the next few years.
We found out at Tuesday's luncheon that Gastar Exploration (GST) has a nice acreage block with Eagle Ford potential.
EOG Resources (EOG) is on the door step of getting back into the Sweet 16 because it will give us maximum exposure to the Eagle Ford. EOG is also a top five player in the Bakken.
The Eagle Ford is going to get a lot of attention once the market sees the outstanding reserve reports coming from the play.
The Eagle Ford Shale continues to ramp up production and is on pace
to rival the Bakken play soon. With more than thirty producers operating
rigs seeking oil, production has gone from zero just two short years ago
to 71,000 b/d currently. In fact, in a recent report Bentek predicts that
production in the Eagle Ford will increase more than five-fold expecting
production of 420,000 b/d over the next few years.
We found out at Tuesday's luncheon that Gastar Exploration (GST) has a nice acreage block with Eagle Ford potential.
EOG Resources (EOG) is on the door step of getting back into the Sweet 16 because it will give us maximum exposure to the Eagle Ford. EOG is also a top five player in the Bakken.