Rex Energy (REXX) is a niche player in the booming U.S. oil and gas market. The company is an exploration & production (E&P) company that focuses on the key Northeastern shale plays. The small size ($1 billion market cap) of the company makes it nimble and able to adapt to changing market conditions quickly.
Rex has been performing especially well of late as the drilling in the Northeast picks up thanks to de-risking in the Utica. The oil/gas company has grown its reserve base to over 100 MMboe and its liquids portfolio makes up 40% of that. Its recent outperformance is poised to continue as its key markets get the infrastructure it needs to promote more oil...
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