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buffalonate (95.93)

Great Time to Buy Bakken Stocks

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May 12, 2011 – Comments (3) | RELATED TICKERS: BEXP.DL , OAS , CLR

It think the oil exploration companies in the Bakken shale are great companies that are sitting on billions worth of oil.  I think they are a great investment for playing technicals or for holding longterm.  With oil falling another $2 this morning I think it is a great time to get back into them on the cheap.  These companies include EOG, CLR, OAS, BEXP, WLL, and I believe KOG and NOG also own property in the Bakken but I am less familiar with them.  I think the volatility in this sector makes them perfect technical plays. 

3 Comments – Post Your Own

#1) On May 12, 2011 at 10:28 AM, L0RDZ (84.09) wrote:

???? no LINN  energy  ???

 

LINE ????

 

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#2) On May 12, 2011 at 11:39 AM, buffalonate (95.93) wrote:

Linn Energy(LINE) just bought acreage in the Bakken but they are pretty diversified and it isn't a great Bakken play.  Hess(HES) also owns a lot of acreage in the Bakken but they are a big company and they are really diversified also.  I forgot to mention Sampson Oil & Gas(SSN)  which is a pure Bakken play I believe.  Michael Filloon from Seeking Alpha has written a lot of good articles on the shale oil plays if anyone is interested. 

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#3) On May 15, 2011 at 7:35 AM, ddasgu1 (< 20) wrote:

 

Looks like http://bakkenstocks.com agrees with your assessment,   they are bullish on CLR and BEXP

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