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IBDvalueinvestin (98.35)

Bakken Oil play stocks all rallying hard today



January 11, 2011 – Comments (4) | RELATED TICKERS: CRED.DL , TPLM , NOG

The rally today was started by CRED :
Credo Petroleum Completes Third Consecutive High Rate Bakken Discovery GlobeNewswire(Tue 8:00AM EST)

Everyday a new company finds a high rate oil well in the Bakken oil fields it sends the entire sector higher. Whats good for one company is good for all that are drilling in the Bakken Oil Fields.

CRED is up +19.44%

TPLM is up +7.31%

NOG is up   +2.59%

BEXP is up +2.45%


Laggard is GEOI down -2.95%

(Don't let today's down day due to a share offering fool you. GEOI is also a player in the Bakken Oil field and after the small selloff today, it too will resume its strong uptrend)


4 Comments – Post Your Own

#1) On January 11, 2011 at 2:13 PM, Pennyperson (< 20) wrote:

Amen -The Bakken gold rush and they have NG too. I recently wrote a blog on the shale plays.

The shales players will be hot in 2011 if you find the good ones.

NOG already have. My next two choices are GST and DBLE but, there in two other highly regarded shale areas

Rec +

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#2) On January 11, 2011 at 2:42 PM, Pennyperson (< 20) wrote:

GST since the stock offering has rose from 4.01 to 4.76 Up (5.32%) today

DBLE up (3.16%) today and up +30.87% since picked

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#3) On January 11, 2011 at 2:48 PM, Pennyperson (< 20) wrote:

Guess you can tell I like DBLE and GST

Gaster (GST) is surely in favor of hitting wet holes w/ 80.000 acres in the Marcellus Shale

Pump them babys up =)

But, you ger an F- if you don't complete your own DD

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#4) On January 12, 2011 at 10:47 AM, IBDvalueinvestin (98.35) wrote:

CRED hit $12.49 this morning, now at $11.87 if you missed this one, try and start buying on this little pullback, it may be your only chance under $12/shr. I remember when BEXP the other Bakken oil company was at $12 and I kept wanting it to go lower to get in, It caused me to miss its entire ride to near $30.

I was worried about paying an extra $1/shr and it caused me to miss out on $16/shr gains.

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