Gulfport Energy Corporation (GPOR), SandRidge Energy Inc. (SD), Ultra Petroleum Corp. (UPL): Three Interesting Energy Stocks to Buy Now

For SandRidge Energy Inc. (NYSE:SD), this means divesting its Permian Basin acreage and refocusing its strategic plan. The refined plan has the company cutting its capex to only focus on its core acres in the play. This is reducing risk while also helping the company focus its capital to grow its oil production as a percentage of its overall production. The improving fundamentals are the story here and SandRidge Energy Inc. (NYSE:SD) is a very interesting oil stock to buy right now.

Ultra Petroleum Corp. (NYSE:UPL)
With Ultra Petroleum Corp. (NYSE:UPL) the story changes from a focus on oil and liquids to one of natural gas. The story changes even further because Ultra has shied away from the standard industry practice of growth for the sake of growth. Instead, it has decided to invest only within its cash flow.

This discipline has been evidenced by a cut in its capex from $1.56 billion in 2011 to just $415 million this year. Despite the fiscal belt-tightening, Ultra Petroleum Corp. (NYSE:UPL) is projecting to still grow its production by 42% while doubling its EBITDA by 2016. That’s a lot of growth in a stock you can buy right now at what could be a fraction of its future worth.

Foolish bottom line
In each case you have a company that’s focused on doing one thing, and doing it right. To that end all three have a plan in place to deliver very compelling production growth. What’s most interesting is that all three are investing where others fear to tread, which is why I think all three make compelling stocks to buy right now.

The article 3 Interesting Energy Stocks to Buy Now originally appeared on Fool.com and is written by Matt DiLallo.

Motley Fool contributor Matt DiLallo has no position in any stocks mentioned. The Motley Fool recommends Ultra Petroleum. The Motley Fool owns shares of Devon Energy and Ultra Petroleum and has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, Short Jan 2014 $15 Puts on Chesapeake Energy, Long Jan 2014 $30 Calls on Ultra Petroleum, Long Jan 2014 $40 Calls on Ultra Petroleum, and Long Jan 2014 $50 Calls on Ultra Petroleum.

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