Samson Oil & Gas Ltd. ADR (fka SSNYY)

[MyBad]

Here's an exerpt from The Motley Fool, posted today:

These Stocks Need More Than Their Pumps Primed

By Rich Duprey | More Articles
June 20, 2012 |

No Delilah for this Samson

After selling off its Greater Green River Basin properties in Wyoming last year to Chesapeake Energy, Samson Oil & Gas (AMEX: SSN ) paid off its debt and bolstered the cash it has sitting in the bank. It made for a very nimble operator as it focused more on its liquids assets.

Yet after it updated investors on four of its wells in the Bakken, the market was less than impressed with the progress it was making and sent its shares tumbling 21% on the day. Perhaps because it comes on the heels of management's attempt to issue millions of options and shares to directors only to quickly shelve the plan in the wake of shareholder outrage, investors might have overreacted to the latest news.

Samson has assets in some of this country's most promising oil and gas regions, so the prospects for a quick recovery are good. Oil now accounts for 70% of Samson's production, which is a near 180-degree turn from the year-ago period, when gas comprised 85% of production. With higher margins these days in oil and liquids, Samson has made the smart moves it needed to.

Investors might be upset with the pace of change, but I'm rating the oil and gas play to outperform the markets on CAPS. That puts me in good company, as 92% of the 306 members rating Samson believe it will beat the Street going forward.