June 9th, 2008
CNBC Bonus Bucks Trivia: In “Riding the Energy Stock Elevator” why did Jerry Castellini say he likes Southwestern Energy?
In “Riding the Energy Stock Elevator” why did Jerry Castellini say he likes Southwestern Energy?
Castellini is especially enthusiastic about energy exploration companies, and Southwestern Energy (SWN - Annual Report) tops his list.
“Southwestern Energy…controls the Fayetteville shale development in Arkansas, which is one of the nascent but rapidly-growing basins for natural gas production,” he explained. “Southwestern dominates this play today; they’re ramping rigs, and we think they’ll probably grow production 35 to 40 percent a year. That sounds like a growth stock to me.”
It doesn’t make it into my models, so I have nothing to add.
Like this article? Why not try out:
