Top Stock #1 –
Southwestern Energy (SWN)
Mainly a natural gas company, Southwestern Energy (SWN) has been challenged by massive supply and
low prices. However, the company has responded by pushing production through the roof. In the latest quarter, output soared by 65%! That means even
though the company is getting a lower price, it is still posting great sales.
SWN is a pioneer in horizontal drilling — meaning instead of erecting many rigs that drill down into a gas field, it simply taps a well once
and then drills sideways to access the remainder of the field. This technology keeps costs down while boosting output. Even if gas prices stay very
soft, this horizontal drilling tactic will allow Southwestern to increase sales simply by bringing even more natural gas to the market.
Top 5 Stocks for October
Article printed from InvestorPlace Media, http://investorplace.com/2009/09/top-stocks-for-october/.
©2016 InvestorPlace Media, LLC