Buy Ultra Petroleum (UPL)

12/30/2008 8:06 pm EST

Focus: STOCKS

Jim Jubak

Founder and Editor, JubakPicks.com

What energy supply could be more secure than natural gas from Wyoming and Utah? And Ultra Petroleum owns a lot of it. I mean a lot. The company's proved reserves total 2.4 trillion cubic feet of gas. But the real prize here is Ultra Petroleum's 150,000 acres in the heart of the Green River Basin. Only about 15,000 of those acres have been developed so this company has years and years of expanding production ahead of it. (Full disclosure: I own shares of  Ultra Petroleum in my personal portfolio.)

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