One of the most fun aspects of picking stocks and doing research on investments is the moment you come across a company that seems to make loads of sense but for some reason it hasn't got traction from the rest of investment world. That happy place is where you will find Ultra Petroleum (NYSE: UPL ) , and it is why Ultra made our list of favorite stocks in 2013.
One of the reasons that Ultra continues to fly under the radar is that it is a generally misunderstood natural gas producer. Unlike its other natural gas-heavy producing peers such as Cabot Oil & Gas (NYSE: COG ) or Exco Resources (NYSE: XCO ) , a majority of Ultra's natural gas production doesn't come from shale gas. Instead, most of the company's production comes from the Pinedale fields in Wyoming, where wells are cheap to drill and have a longer shelf life. Tune into the video below to learn more about why fool.com contributor Tyler Crowe picked Ultra on his top stocks list.
Another Top Stock to Buy Before We Head Into 2014
The Motley Fool's chief investment officer really nailed his 2013 top stock pick with Core Laboratories, which shot up a spectacular 75% this year alone! Now, he has selected his No. 1 stock for 2014, and it's one of those stocks that has the potential for a great year ahead. You can find out which stock it is in the special report: "The Motley Fool's Top Stock for 2014." Simply click here and we'll give you free access to the name of this under-the-radar company.