Josh Young
Hedge fund manager, energy, value, special situations

The Next Great Investment Idea: AusTex Oil Is Trading At 1/3 Of Proved Reserve Value, Growing 300% Per Year

I have written two "Top Idea" articles for Seeking Alpha so far. One was about Gastar Exploration (NYSEMKT:GST), which I suggested was substantially undervalued at $2.60 per share in June of 2013. Subsequently, the stock more than doubled, to a high of almost $7. And the other was in September 2013 about Synergy Resources (NYSEMKT:SYRG), which I suggested was substantially overvalued at $9.90 per share, and subsequently has traded down to $8.41.

Here is a chart of Gastar versus the S&P since that article (I also included the oil and gas equities index (NYSEARCA:XOP), which has closely tracked the S&P:

(click to enlarge)

And here is a chart of Synergy versus the S&P since...

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