Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Synergy Resources Offering A Lot Of Exploration Upside

This has been a winter of discontent for many energy companies operating in the Bakken and Wattenberg regions, as well as for their shareholders, as operational challenges like floods and high gathering line pressures coupled with wider differentials have hit the stocks. Against that backdrop, small Synergy Resources (NYSEMKT:SYRG) has been showing some pretty impressive well costs and production rates on its core Wattenberg acreage. With an aggressive drilling program for 2014, a drilling inventory of over 10 years in the Wattenberg, and assets in other areas, Synergy is worth a closer look today.

It's All In Front Of Them

To be sure, Synergy today is a small operator. The company produced 3.2M boepd in the fiscal first...

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