December 18, 2012
As 2012 comes to a close, energy analysts Joel South and Taylor Muckerman are detailing the top energy stocks of 2012. Coming in the No. 8 spot for 2012 is Gulfport Energy (NASDAQ: GPOR ) .
Gulfport is a pure play liquids player and turned in a 25% gain year to date by selecting projects with the highest rate of return potential and focusing its capital expenditures around these projects. Another strategic move Gulfport employed was its hedging strategy. While WTI oil prices remained below the century mark for a good part of 2012, Gulfport locked in hedges, guaranteeing crude sales prices around $107 per barrel. Be sure to follow this oil junior going into 2013 as it continues to focus its capital expenditures in the trendy Utica shale.
Another huge growth play out of the Williston Basin is Kodiak Oil & Gas. Kodiak is a dynamic growth story, but with great opportunities come great risks. Before you hitch your horse to this carriage let us help you with your due diligence. To see if Kodiak is currently a buy or sell, check out our new premium report, which comes with a year of timely updates and analysis.