Bakken Predictions for 2013

After a stellar set of predictions in 2011,  our 2012 predictions were a bit off the mark.  However we are confident that we will have a roaring comeback in 2013 and a number of predictions will come to fruition.      In 2012 ,  we saw  the vast majority of Bakken producers end the year 15-20% off their highs (most peaked in Feb/March of 2012) but very close to where they started the year in 2012.    Effectively most Bakken plays traded sideways throughout the year as oil wallowed between $80-$90 for the better part of the year.

SYMBOL PRICE 52 WEEK RANGE % CHG FROM 52-WK HIGH 1-YR TRGT PRICE P/E NEXT YR
CLR 73.022 61.02 97.19 -24.92% 96.25 15.80
WLL 43.17 35.68 63.97 -32.45% 58.81 11.67
EOG 121.50 82.48 124.5 -2.47% 134.83 19.43
STO 24.80 22 28.95 -14.34% 27.22 8.53
HES 52.59 39.67 67.86 -22.43% 64.67 8.41
KOG 8.82 6.92 10.9 -18.90% 11.39 12.39
MRO 30.51 23.17 35.49 -13.96% 37.24 9.47

In 2013 however, we do expect a rebound of top tier Bakken stocks but this is largely predicated on the fact that the US economy will have a modest recovery (assuming congress  can get past the fiscal cliff issues).    Without further ado,  our top 3 predictions are below.

Until next time,  keep drilling

 

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