Why This Utica Driller Is up Big After Earnings

By Taylor Muckerman and Joel South – Feb 27, 2013 at 3:00PM

OTC: CHKA.Q

Chesapeake Energy

2013 could be the year of the Utica for Gulfport Energy. Why is that so promising?

While it might not be its most productive play right now, Gulfport Energy (GPOR) has high hopes for its acreage in the Utica Shale. Much like its larger brother, Chesapeake Energy (CHKA.Q), Gulfport is scheduled to pour resources into this area, and rightfully so. Strong initial production flows and heavy oil and natural gas liquids content could mean the Utica Shale would end up rivaling its more prominent shale cousins -- the Bakken and Eagle Ford shales. Motley Fool energy analyst Taylor Muckerman believes that the Utica is the real deal. View the video below to find out what Gulfport had in store that helped lead to its big day in the markets today.

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.