3 Exciting Energy Growth Plays: Kodiak Oil & Gas Corp (USA) (KOG), Rex Energy Corporation (REXX), Magnum Hunter Resources Corp (MHR)

I want it all, and I want the Eagle Ford too!
The final name on my list is Magnum Hunter Resources Corp (NYSE:MHR) . With an enterprise value of around $1.5 billion, it’s around the same size as Rex, however, there’s a much bigger story at Magnum Hunter. What’s intriguing here is the company has acreage in the Bakken like Kodiak, and has its own Marcellus and Utica Shale positions like Rex Energy Corporation (NASDAQ:REXX), but it really goes over the top with further diversification into the Eagle Ford Shale. The Eagle Ford is a big deal as you can see below:

Source: Magnum Hunter Investor Presentation

These strategic positions have led to some explosive growth over the past year with production nearly tripling. Even more impressive is that the company’s production is increasingly focused on liquids, which will be more than half of its production in the year ahead. That’s why if you want to invest in the future of the three hottest energy plays, Magnum Hunter Resources Corp (NYSE:MHR) is the one to put at the top of your watchlist.

My Foolish take
With great reward comes great risk, and these three companies offer a boatload of both. I like the fact that Magnum Hunter Resources Corp (NYSE:MHR) is not reliant on any one play; it is important for its future success. However, its balance sheet is less than ideal. That’s why I’m personally more interested in the size and balance sheet strength found at Kodiak Oil & Gas Corp (USA) (NYSE:KOG).

The article 3 Exciting Energy Growth Plays originally appeared on Fool.com and is written by Matt DiLallo.

Fool contributor Matt DiLallo has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.