Brigham Exploration Company (NASDAQ:BEXP.DL)

CAPS Rating: No stars

An independent exploration, development and production company, which utilizes 3-D seismic imaging and other advanced technologies to systematically explore for and develop domestic onshore oil and natural gas reserves.

Recs

1
Player Avatar marc64 (56.55) Submitted: 3/15/2011 11:03:33 AM : Outperform Start Price: $32.58 BEXP.DL Score: +17.49

If you take a big nuke future off the table, for now, look at current projections for petroleum use, factor in that government subsidies for alternative energy is politically difficult in an age of draconian austerity, consider the real cost of coal burning... I think you are left with:1) market motivations for alternatives, which will be slow in getting off the ground2) big opportunities for gas.This is a bet that the world is going to be in a buying mode to procure possible gas resources, and this little bitty will do well to be in the niche that finds those resources...

Member Avatar williyumyum (< 20) Submitted: 4/1/2011 12:25:31 PM
Recs: 0

Brigham has been the leader in horizontal drilling. It's assets are almost entirely in the Williston Basin. It was said that this company has a bright future with gas. The originator of the article should read more about Brigham and report on what they represent. It is light sweet crude, not gas. Gas is a biproduct of their drilling and a small per centage of their sales. They soon will have 12 drilling rigs in operation and should be growing exponetially. Solid earnings for a company that could not generate a profit 2 years ago, and they are growing at a 50% pace, through oil. For those of you that think oil companies will be decling, think again. It will be years before we can make a dent in what we use. Alternatives will add to the supply. But the consumption of fuel will keep increasing as our economy and the world grows

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