Sanchez Energy Is Lighting Up

Opportunity is knocking with Sanchez Energy (SN). This little company, call it the son of EOG Resources (EOG), just filed 8 million shares so it could buy more assets in the Eagle Ford region, which has the most bountiful shale in this country.

Sanchez bought Hess's (HES) assets in Eagle Ford when Hess decided to focus on the Bakken Oil Formation. It bought those for $265 million in March. These new assets, the Wycross assets, are almost all oil. They, cost $220 million and they immediately boosted Sanchez's production a significant amount. This one is the one to watch. It shrewdly is not borrowing money, it's doing it all with equity....122 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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