Daily Roundup – 8/25/08

Posted by bakkenexpert

It looked like it was going to be decidedly negative day for Bakken stocks today but in the afternoon, most of the losses were pared as Tropical Storm Gustav formed in the Caribbean which kept oil prices above $115.   Many of our plays including WLL and CLR have gained close to 10% in the last week or so and we are hoping that the gains have staying power with the latest uptick in oil prices.    Also,  in the last 2 weeks major analysts have issued the following positive recommendations/upgrades on Bakken plays: The general uptrend continues to be intact and as stated before,  the price of oil needs to stabilize before a longer term uptrend can be forged by our basket bakken stocks.

Company                                    Analyst                                      Rating

Kodiak Oil & Gas (KOG)                        RBC Capital Markets                               Outperform

Whiting Petroleum (WLL)                      Bank of America                                     Buy

EOG Resources                                     Oppenheimer                                         Buy

Saint Mary’s Land & Exploration          Sun Trust Rbsn Humphrey                      Buy

bakken

Symbol	Last Trade		Change		Volume	Avg Vol (3m)
WLL	4:02PM ET	93.42	0.29	0.31%	730,230	1,128,700
MDU	4:03PM ET	32.06	0.41	1.26%	661,728	1,110,280
SM	4:00PM ET	42.28	0.33	0.77%	921,540	1,467,120
CLR	4:02PM ET	49.53	0.92	1.82%	2,005,769	1,886,790
EOG	4:02PM ET	102.21	1.43	1.38%	2,470,874	3,853,550
NOG	4:00PM ET	7.19	0.25	3.36%	169,975	616,788
KOG	4:00PM ET	2.98	0.00	0.00%	717,581	1,377,920
KDKN.OB	3:28PM ET	1.63	0.12	6.86%	20,483	164,523
BSIC.OB	3:27PM ET	1.76	0.01	0.57%	7,825	60,198.4
XTO	4:02PM ET	48.18	0.16	0.33%	9,251,943	12,135,100

Related posts

• Support solidifying (0)
• Market convergence…..Bakken divergence. (1)
• Looking to pick up KOG here below 3.48 (2)
• KOG just spiked, up 20+% in a matter of minutes (1)
• July – Active Drilling Rig Report (0)

Tags: bank of america eog resources KOG price of oil tropical storm gustav uptick