Small E&P Stocks Looking Sweet

[Seleskya + 50]

Small exploration and production stocks are looking pretty good right now, and going into 2018. Nice basket I found on Forbes would include: Denbury Resources, Evolution Petroleum, Gastar Exploration, Ring Energy, Sanchez Energy. 

[TraderTate + 186]

Denbury is blowing it up right now. I've got this in my 'basket'. It's up almost 23% this week. 

Edited December 27, 2017 by TraderTate

[Seleskya + 50]

Yeah, me too. Q3 revenue was up $20 million over same period last year, and I love all the EOR they've got going. Q3 earnings were way above analyst expectations. 

[TraderTate + 186]

I think Denbury is still way undervalued. 

[Carlsbad + 19]

I'm on board with this as well, but Gastar (GST) I'm not sure about. Up and down and Q3 earnings were below expectations. Not sure what they've got going in terms of catalysts for 2018 (beyond potentially higher oil prices). 

[TraderTate + 186]

GST is really active right now, though. Might be a good day trade set-up. 

[TraderTate + 186]

but also not sure about Sanchez. Shares are up over 5% in the past month, but down almost 41% year-to-date. Again, lots of activity, but don't think I'll be adding it to a longer-term basket. For now, just day trades.