YTD Performance: +10%
While it has been a shaky start to the year for energy companies thanks to beaten-down prices, domestic play Southwestern Energy (SWN) is weathering the storm as well, if not better, than most.
The stock is in the black by double digits so far this year — slightly behind the market, but better than a host of other American plays.
Southwestern Energy, which receives all of its revenue from the U.S., is exploring shale opportunity in Pennsylvania, Texas, Arkansas and Oklahoma. It recently announced acquisition of approximately 162,000 net acres in the Marcellus Shale, for example.
While SWN does own acreage in Canada, it hasn’t started drilling or pumping crude and deferred its capex program there until late 2013.