Drill Capital
Energy, value, long only, event-driven

Antero Resources - Maintain $87 Per Share Target - 40% Upside Still Left

As specialists in researching and investing in the North American energy space, we have canvassed the industry and have taken a deep dive into the companies that we believe will benefit from the boom in shale oil and gas production. Our top pick continues to be Antero Resources Corp. (NYSE: "AR") the Denver-based oil and gas exploration company. AR is positioned in the highest-return regions, the Utica and Marcellus shale plays, is well-capitalized to invest significantly more in its production capabilities going forward and is hedged appropriately against fluctuations in oil and gas prices.

Background

We initiated on Antero Resources (NYSE:AR) in January of this year, when the stock was trading at $58.79 per share, with a target...

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