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Daily Roundup – 8/25/08
Posted by bakkenexpertIt 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 |
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Tags: bank of america eog resources KOG price of oil tropical storm gustav uptick
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