Seeking Alpha
Editor's notes: WLL has made a big move, but growing production and promising exploration prospects should continue to drive shares higher. Caiman Valores sees upside even if oil prices continue to drop.

Investor interest in the oil and gas E&P industry continues to grow with the price of crude now at over $100 per barrel. One company operating in the industry that stands out for all the right reasons, particularly as it now appears heavily under-valued is mid-cap Whiting Petroleum (WLL). The company is poised to grow production and expand its sales, with the sale of its Postle assets leaving it well positioned to continue funding investment in the resource-rich Niobrara and Bakken formations. As such Whiting is unfairly valued by the market and offers investors potential upside of just over 40%.

Investment case summary

Even though Whiting's shares have already surged by just under 50% year-to-date, the company...

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