Before you start to worry that shares of Ultra Petroleum (NYSE:UPL) have hit their limit this year after climbing an impressive 35% so far this year, take a look at this quarter's earnings release. Not only did Ultra's impressive results show that the recent run-up was worth it, but the company also proved that there is still a lot of value left in this stock. Some of the things that helped contribute to this trouncing of analyst expectations were not all in Ultra's hands; natural gas prices did see a rather impressive hike over the winter, after all. Still, there were other aspects of the company that make it a very compelling stock over the long term.

Not only is the company branching out into high-margin oil production, but it holds one key advantage over may other American independent oil and gas producers like Cabot Oil & Gas (NYSE:COG) and Range Resources (NYSE:RRC) today. In the video below, find out what that advantage is and why Ultra is still one of the best-kept secrets on Wall Street.

America's $600 billion energy problem means invest in these three stocks today
A dark specter is looming that is ready to stop America's energy boom right in its tracks, and no one is talking about it. This one critical element could cost us over $600 billion, but every day we wait that number grows and grows. The U.S. government thinks investment in this sector is so important, even the Internal Revenue Service will give you a free pass if you invest in this select group of stocks. Our analysts at The Motley Fool have combed over this special class of stocks and we have identified three that could make you rich! Find out the names of these IRS-gift-wrapped stocks in our special report "3 Stocks The IRS Is Begging You To Buy." Simply click here and we'll give you free access to this valuable investing resource. 

Tyler Crowe has no position in any stocks mentioned. You can follow him at under the handle TMFDirtyBird, on Google+, or on Twitter @TylerCroweFool.

The Motley Fool recommends Range Resources and Ultra Petroleum and has the following options: long January 2016 $25 calls on Ultra Petroleum. Try any of our Foolish newsletter services free for 30 days. 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.

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