Whiting Petroleum Corp. (WLL) continues to reap big profits from higher energy prices. The company's recently reported second-quarter results were awesome, analysts are projecting strong earnings growth into the next-year period and its share price is trading at a big discount to the overall market.

Whiting Petroleum Corp. engages in the exploration and production of oil and gas in the United States. The company was founded in 1983, has a market cap of $3.57 billion and is headquartered in Denver, Colorado.

Industry Trend

Energy stocks have traded lower over the last 2 months in reaction to oil prices dropping from $147 a barrel to current prices around $110 a barrel. This has provided some much desired relief to consumers, but on a historical basis, oil prices are still incredibly high, and that continues to produce big-time earnings for oil companies. This dynamic was evident when Whiting

...