There has been some recovery in the energy industry in the recent past, but even when conditions were very challenging, there were few stocks that stood apart from peers. Antero Resources (NYSE:AR) is one stock that has continued to perform exceedingly well even in difficult times. This article discusses why positive momentum will sustain for the stock in the coming quarters. In line with this view, I believe that fresh exposure to this quality energy name can be considered at current levels.
The first point that I want to focus on is the recent acquisition by Antero Resources and my view on the acquisition. On June 9, 2016, Antero Resources signed a definitive agreement with a third party to acquire approximately 55,000 net acres in the core of the Marcellus Shale for a consideration of $450 million. In addition, an agreement has been signed with another third party of additional 13,000 net acres and this translates into total acquisition of 68,000 net acres for $558 million. Continue Reading »