Goodrich Petroleum Well Positioned to Go For Shale

With natural gas prices lagging oil, it looks like the run is not over. The only thing that may hurt pricing will come from Europe, since they are ready to hike rates, possibly. Horizontal shale drilling has given the US a feasible method of obtaining energy, while still making a profit as natural gas demand is up along with pricing. There is plenty of excitement surrounding these shales as their reserves could be huge. This, in turn, could make smaller companies into much bigger ones overnight.

Goodrich Petroleum (GDP) looks good going forward with respect to growth. Since no one knows how high the price of natural gas will go, it is better to follow, than buck the trend. With stocks that have risen this much you need an exit plan - the most important aspect of any investment. Don't marry the stock, just date it, as for every up cycle there is a down cycle.