The Haynesville shale might be down, but improving drilling returns and rising LNG exports put it in the position to once again be a major growth driver for producers.
News & Analysis: Memorial Resource Development
The company reported strong first-quarter results and increased its full-year guidance.
With oil rallying it sent Whiting Petroleum, Marathon Oil, Rice Energy, Memorial Development, and Synergy Resources up double digits this week.
After the post-earnings sell off Wednesday, an analyst sees this stock being a strong buy.
Earnings came in just where analysts expected, but investors were none too pleased with the results.
The company provides 2016 guidance and updates on its operations and hedges.
Memorial Resource Development has been buying acreage in Northern Louisiana, which is closer to LINN Energy LLC’s more promising developments.
Low energy prices are hitting everyone in the energy sector today.