For being one of the fastest-growing companies in one of the hottest shale plays, Sanchez Energy (NYSE:SN) sure doesn't seem able to catch a break. Over the last six months, similar Eagle Ford names such as Carrizo (NASDAQ:CRZO) and Penn Virginia (PVA) are up by over 40% and 150% respectively, while Sanchez has barely budged.
(click to enlarge)
The chart above shows us just how much Sanchez has lagged behind its Eagle Ford peers. Penn Virginia moved into the Eagle Ford last year, buying Magnum Hunter's acreage at a discounted price. Carrizo has continued its Eagle Ford ramp-up while beginning to drill, with some success, in the Utica Shale in eastern Ohio.
Therein lies the...
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