Louis Navellier
Louis Navellier is one of Wall Street's renowned growth investors. Investing for over 27 years, he has earned a national reputation as a savvy stock picker and portfolio manager. The New York Times called him "an icon among growth stock investors."
Top 5 Stocks for OctoberOctober 1, 2009 By Louis Navellier, Editor, Blue Chip Growth |
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Mainly a natural gas company, Southwestern Energy (SWN) has been challenged by massive supply and low prices. However, the company has responded by pushing production through the roof. In the latest quarter, output soared by 65%! That means even though the company is getting a lower price, it is still posting great sales.
SWN is a pioneer in horizontal drilling — meaning instead of erecting many rigs that drill down into a gas field, it simply taps a well once and then drills sideways to access the remainder of the field. This technology keeps costs down while boosting output. Even if gas prices stay very soft, this horizontal drilling tactic will allow Southwestern to increase sales simply by bringing even more natural gas to the market.
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