Is Whiting Petroleum Corp (WLL)’s Bull Run Going to Continue?

Whiting Petroleum Corp (NYSE:WLL) has seen a tremendous rise this year, returning an impressive 44% year to date, but can the company continue to outperform? FBN’s Charles Payne thinks so as Whiting Petroleum Corp (NYSE:WLL) is one of his top picks. He discussed the company’s outlook with Matt McCall, Founder of Penn Financial Group; retail analyst Hitha Prabhakar; Chief Strategist of Belpointe Asset Management, David Nelson and FBN’s Tracy Byrnes on Fox Business, recently.

Whiting Petroleum Corp (NYSE:WLL)

“[...] As of the end of last year, their total reserves were 438 million barrels equivalent, that was up 16% year over year, that’s absolutely huge. They keep finding more and more oil or natural gas. Now, the company’s production, the numbers were off the chain, they just got better and better every single day last year. That’s a trend they have brought into this year, in fact, recently they got the production expectations for the whole year higher. Earnings estimates, they have been gradually moving up also over the last three months and I think, in the next two quarters the Street is feeling much better about them [...],” Payne said.

Payne also feels that Whiting Petroleum Corp (NYSE:WLL) acquisition of Kodiak Oil & Gas Corp (NYSE:KOG) is going to be good for the company. He expects Whiting Petroleum Corp (NYSE:WLL)’s stock to reach levels of $110. McCall agreed with Payne, he finds all the natural companies attractive right now. According to McCall, when Whiting Petroleum Corp (NYSE:WLL)’s acquisition of Kodiak Oil & Gas Corp (NYSE:KOG) is complete, the joint entity would have better bargaining power. He feels that if someone wants to invest in natural gas companies, Whiting Petroleum Corp (NYSE:WLL)  is one of the best bets. David Nelson agreed with them both and feels that Whiting Petroleum Corp (NYSE:WLL) ‘s growth is quite impressive.


Disclosure: None

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

The 15 Most Murderous Countries in the World

10 Largest Colleges in the World: Bigger Isn’t Always Better

Comedians in Cars Getting Coffee: The 6 Comedians Seinfeld Needs to Interview

Easy Money: The 10 Most Successful Investors in the World Today

The 10 Most Deadly Diseases in the World Today

The 5 Most Expensive Luxury Motorhomes in the World

20 Largest Stock Exchanges in the World

6 Richest Painters In The World 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!