5 Best Stocks To Own For 2015: Penn Virginia Corporation(PVA)
Penn Virginia Corporation, an independent oil and gas company, primarily engages in the exploration and development of natural gas and oil properties in various onshore regions of the United States. The company is involved in the production and sale of natural gas, crude oil, and natural gas liquid products. It primarily focuses on developing the Eagle Ford Shale play in south Texas; and the horizontal Granite Wash play in the Mid-Continent region. The company also drills exploratory wells in the Marcellus Shale play in Pennsylvania; and has interests in the natural gas properties in the Haynesville Shale and Cotton Valley Sands in east Texas, and Selma Chalk in Mississippi. As of December 31, 2011, it had proved natural gas and oil reserves of approximately 883 billion cubic feet of natural gas equivalent; and owned approximately 1.1 million net acres of leasehold and royalty interests. The company sells its products using short-term floating price physical and spot marke t contracts. Penn Virginia Corporation was founded in 1882 and is headquartered in Radnor, Pennsylvania.
Advisors' Opinion:- [By Lee Jackson]
Penn Virginia Corp. (NYSE: PVA) is an independent oil and gas company that primarily focuses on developing the Eagle Ford Shale play in south Texas. Two very large investors include the Bank of Montreal and the legendary hedge fund run by George Soros. Penn Virginia is a stock to buy at Jefferies with a $7 price target. The consensus is at $7 also. The stock closed yesterday at $6.47.
- [By John Udovich]
Yesterday, small cap oil and gas stock Penn Virginia Corporation (NYSE: PVA) surged 14.84% after reporting earnings and was also rising close to 6% inpre-market trading meaning it might be worth taking a closer look at the small cap along with the performance of ETF peers IQ Global Oil Small Cap ETF (NYSEARCA: IOIL) and PowerShares S&P SmallCap Energy Portfolio! (NASDAQ: PSCE). After all, a look at the longer term chart of Penn Virginia Corporation does not reveal a pretty picture for investors over the long haul.
- [By ResearchCows]
Headquartered in Radnor, PA, Penn Virginia Corporation (PVA) is focused on exploration and production of oil and natural gas in the U.S. It owns 109,900 gross acres of operation spread across the states of Texas, Mississippi and Appalachia. On August 7 the company released better than expected second quarter results and painted a positive outlook for rest of the year. This article examines the operations and the financials of PVA to determine if investors should go by the company recommendations.
- [By Matt DiLallo]
Hunting for value
Until recently, Magnum Hunter Resources (NYSE: MHR ) boasted operations in three of the top oil and gas growth plays in the nation. While its recent sale of a bulk of its Eagle Ford acreage to Penn Virginia (NYSE: PVA ) knocks it out of that play, the company still has large positions in both the Marcellus, Utica, and Bakken. These core operations should drive the company's liquids-focused growth for years to come.
source from Top Penny Stocks For 2015:http://www.topstocksforum.com/5-best-stocks-to-own-for-2015.html
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