Mailbag Roundup

Posted by bakkenexpert

Below are some recent questions via email I’d thought I’d share:

Q: What happened to WSEG, It has gone down quite a bit to .19 since you blogged about it. Is it worth buying here?
A: I still believe WSEG could be a 10 bagger although the potential exists for it to gravitate to under .10 cents if no positive developments occur in the next 12 months. I am a buyer at .19 but this should be a tiny portion of any portfolio (< 5%). Continue to expect volatility in this stock.

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Q: What about some info on non E&P companies that may benefit from the Bakken?
A: We are actively looking at this now and should have a blog entry or two shortly. There are a number of ancillary companies such as transportation and drillers that could benefit from the bakken

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Q: What are your favorite picks now that oil has dropped quite a bit
A: SM & CLR look very attractive under $50. For something a little risker, NOG looks good under $8.

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Q: Could you please tell me what “confidential” oil well means? I have one that is listed on your site, and would like to understand more about the classification.
A: When an oil company is exploring in a new territory they have the option to list the well as confidential (also commonly known in the industry as a “tight hole”) and release limited data on the well; however, by state law, they must release full data to the state regulatory agency overseeing the operation after a period of two years.

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• July 3rd 2008 – Bakken Confidential Rig Report (0)
• Goldman sees the potential of Bakken (0)

Tags: confidential well E&P mailbag Stock picks