The video below is part of The Motley Fool's "11 O'Clock Stock" series, where we're recommending a new stock every weekday at 11 a.m. ET on Fool.com over the next 50 weekdays. To see a video of co-founder Tom Gardner explaining the series, click here. To see our original recommendation of Ultra Petroleum (NYSE: UPL) click here.

Natural gas prices are hovering near $4.70/mcf, a level that makes production unprofitable for many companies. Motley Fool Hidden Gems analyst Michael Olsen feels that this situation is unsustainable, and that Ultra Petroleum will be well-positioned to profit as the situation improves. See his take on Ultra in the video below:

Why is Ultra Petroleum on Olsen's radar, ahead of a multitude of other natural gas producers in the U.S.? Olsen feels that the company has a superior geographic footprint relative to its competitors, and believes that management's relentless focus on providing shareholder value puts Ultra Petroleum ahead of the pack.

However, while natural gas might be cheap, not all companies in the sector are. Olsen believes Ultra's best-in-class production costs, which beat those of rivals Chesapeake Energy (NYSE: CHK), Devon (NYSE: DVN), and Southwestern (NYSE:SWN), make the company a compelling value. Right now, Olsen calls Ultra a great company at a pretty reasonable price.