There aren't many oil and gas producers out there actively increasing their capital expenditures right now, but a willingness to do just that is what makes Range Resources (RRC 0.17%) so intriguing. Last week the company announced that it would raise its 2014capital budget to $1.5 billion to increase operations in the Marcellus shale, which is the exact opposite direction of Marcellus-focused peers Cabot Oil & Gas (CTRA) and Southwestern Energy (SWN 0.14%). What makes this even more startling is that the company plans to tap the equity market to fund this effort, as well as to pay down some high-priced debt.
This is a pretty risky move, so Range must have some opportunity in its sights. Tune into the video below to find out what it may be and whether Range, Cabot, or Southwestern is the best choice to take advantage of the situation.
