Double Eagle Petroleum (DBLE)

[OilStockReport]

Such a great small cap stock.

Double Eagle Petroleum (Nasdaq: DBLE )
Double Eagle is a small exploration and production company whose main assets are in the Atlantic Rim and the Pinedale Anticline in Wyoming. For a company with such a small market cap, Double Eagle already produces very strong cash flows. It generated $25 million in operating cash flow in 2010 alone, compared to its market cap of just $94 million as of yesterday's close. That's less than four times cash flow!

What's more, this company has amassed more than 70,000 net acres in the Niobrara shale. While this company's cash flows and reserves consist mainly of natural gas, Double Eagle may add a meaningful amount of oil to its production and reserve mix as it starts to explore its Niobrara acreage.