Gulfport Energy Corporation – $GPOR – Confident Investor Rating: Poor

Company name Gulfport Energy Corporation
Stock ticker GPOR
Live stock price [stckqut]GPOR[/stckqut]
Confident Investor Rating Poor

The following company description is from Google Finance: http://www.google.com/finance?q=gpor

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. The Company's principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the Company has interest in producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. The Company also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and interests in an entity that operates in the Phu Horm gas field in Thailand.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in Gulfport Energy Corporation. It is not possible to confidently invest in a company that is not currently profitable. I will be removing Gulfport from my Watch List.
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