Hing says energy company Metgasco Limited explores, produces, markets and distributes natural gas. It’s also focusing on developing coal seam gas in the Clarence-Moreton Basin in New South Wales. “Given the widespread interest in coal seam gas, Metgasco looks well placed to be one of the next up-and-coming producers following strong runs from the likes of Arrow Energy and Karoon Gas,� Hing says. “I have recently followed Red Fork Energy in this sector, with the stock going from about 20c to a $1.50 in a month.� Metgasco may rally quickly on a sniff of good company news or sector momentum.
MEL Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
