Samson Oil & Gas With a comparatively large exposure to the Niobrara oil play through its Hawk Springs project, but also in the Bakken, where it recently acquired 20,000 acres with an option to buy 70,000 acres more, Samson Oil & Gas is ready to capitalize on its expanded drilling program.
After selling off its Greater Green River Basin properties in Wyoming to Chesapeake Energy (NYS: CHK) , Samson paid off its debt and bolstered the cash it has sitting in the bank, making for a very nimble operator. Since it trades at less than five times earnings it offers a more attractive valuation than peers EOG Resources (NYS: EOG) , at 52 times, or Brigham Exploration at 38 times.
SSN Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held