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Gulfport Energy Corporation

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Gulfport Energy's core operations are focused in in the Utica Shale of Ohio and the SCOOP play in Oklahoma, providing this E&P with a rich drilling inventory. The company’s continually improving execution and well performance has led to a remarkable production growth while the acquisition of ‘oily’ SCOOP assets in 2017 has enabled Gulfport to produce more liquids and diversify its sales. However, the main challenge for Gulfport Energy is that almost 90% of its production is natural gas, which is inherently volatile and subject to complex market forces. Moreover, takeaway constraints out of Appalachia and Mid-Continent remain a big problem. As such, the stock is expected to perform in line with the broader market.