Gastar +15% in two days, CEO says Marcellus could be worth $7/share

|About: Gastar Exploration Inc. (GST)|By:, SA News Editor

Gastar Exploration (GST +7.9%) has powered 15% higher over past two trading days after CEO Russ Porter said its Marcellus shale assets could be worth $7/share with further development.

Porter describes how GST has been "transformed" in the past six months, as it resolved important litigation with a favorable outcome, acquired a new asset in a new play, and bought back 10% of its stock at a steep discount.

Porter expects the East Texas asset sale to close by the end of August.