Michael Filloon
Oil & gas, energy, hedge fund manager, commodities

The Bakken Update's 2014 Stock Picks: Rex Energy

It hasn't been long since my last update on Rex Energy (NASDAQ:REXX). I believed the Q3 miss was a buying opportunity. It's recent pullback was due to concerns on pricing in the Marcellus. This was the main reason for its Q3 miss. We expect these small cap producers to have lumpy production with big swings in profits depending on completion times. Rex seems to be headed in the right direction as its recent operational update was quite good.

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Q4 production volumes increased 12% quarter over quarter and 49% year over year. Liquids accounted for 31% of production, a 7% improvement over Q3. For the full year, production volumes increased by 38%. 31% of production...

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