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EnvestorFirst (< 20)

Bakken Players Expecting Big Increases



January 03, 2012 – Comments (0) | RELATED TICKERS: EOG , OAS

The Bakken has made many people money over the past year. There are a number of companies that are expected to increase by 50%. Which companies are they? Kraken suggests a few you should consider investing in.

"EOG Resources, Inc., (EOG) together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad and Tobago, the United Kingdom, and the People’s Republic of China.

While EOG has not been able to max out its production levels, I still believe it’s a great investment for multiple reasons. EOG is not just a Bakken play, but also an Eagle Ford play as well. With EOG’s size you get strong diversification. While more than 70% of the company’s revenue comes from Eagle Ford, the company has begun to increase its presence in the Bakken. EOG is one of the largest players with a market cap of $28 billion, which makes it more stable than its peers. The stock has a forward P/E of 21 and pays a small dividend of .6%."


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