NEW YORK ( TheStreet) - The recent high oil prices and drilling technology upgrades have made Marcellus Shale, the largest natural gas shale play in the U.S., economically viable. Professor Engelder of Pennsylvania State University estimates recoverable natural gas reserves in this shale play at around 489 trillion cubic feet (Tcf) with an economic value of around $2 trillion.
Chesapeake Energy (CHK), Penn Virginia (PVA), Carrizo Oil & Gas (CRZo), Consol Energy (CNX), Rex Energy (REXX), Gastar Exploration (GST) and Magnum Hunter Resources (MHR) are seven Marcellus stocks with potential to deliver attractive returns over the next one year.
According to analysts surveyed by Bloomberg, these stocks have an average buy rating of 73% and a 54% upside potential. The stocks are arranged in ascending order of potential upside.
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