Marcellus Shale Play Could Be a Take-Over Target

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Range Resources Corp. who holds the second most drilling leases in the Marcellus Shale natural gas region is being considered as a take-over target for companies like BP and Exxon, Bloomberg reports. The company is currently being traded at 56 times its projected earnings for 2012. And analysts are projecting the company’s profits to triple over the next three years. Despite increased EPA attention, shale plays continue to show great profit potential.

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Matt Insley

The Managing Editor of the Daily Resource Hunter, Matt is the Agora Financial in-house specialist on commodities and natural resources.  He holds a degree from the University of Maryland with a double major in Business and Environmental Economics.  Although always familiar with the financial markets, his main area of expertise stems from his background in the Agricultural and Natural Resources (AGNR) department.  Over the past years he’s stayed well ahead of the curve with forward thinking ideas in both resource stocks and hard commodities. Insley's commentary has been featured by MarketWatch.

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