Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

PetroQuest Energy: A Strategy For Success

PetroQuest Energy Corp. (NYSE:PQ) is a small-cap ($340 million) independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in East Texas, Oklahoma, South Louisiana and the shallow waters of the Gulf of Mexico. The company's strategy is to use the cash flow generated from its Gulf Coast assets (which require minimal cap-ex) to develop its high return onshore assets - in particularly its liquids rich acreage in the Woodford shale in Oklahoma. The company also has upside in the Cotton Valley play of East Texas. The strategy to focus on higher IRR onshore production and increased production of liquids will lead to better profitability, increased proved reserves, and ultimately a...

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