Go Long in Energy with RRC

Located a mere 2 hrs and 57 minutes north of All Star Investor, Range Resources Corporation (RRC) is poised for another big move. RRC has several things going for it.

1. BMO Capital Markets recently upgraded RRC from ‘Market Perform’ to ‘Outperform’ on 1/24. Since then, the stock has bounced a comfortable +9%. It’s recent move is far from over, as it’s still trading below its recent $56.22 high. Look for more upside in this upgrade.

2. Energy has been beaten down lately. We’re not calling $200 oil, but we think there’s still some upside potential in the pipeline. Recent memory on the NYMEX futures market gives oil an upward bias. Look for RRC to capitalize as energy continues the recent trend.

3. Not nearly as large as XOM or COP, RRC stands to benefit more from an energy sector surge. A lower market cap is not as well hedged, but with recent momentum RRC looks like a good short-term bet.