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


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.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs