Still waiting and hoping

Posted by bakkenexpert

Our Bakken bucket of stocks continues to languish under the pressure of falling oil prices.   We have had a cautious stance on the sector since late June when oil started its descent.   For those who are long,  we hope that OPEC can vigorously defend the $100 a mark.   Defense of this psychological marker will allow for stabilization of our bakken plays in the long term.    For now we must wait and endure the pain.

bakken

Symbol	Last Trade		Change		Volume	Avg Vol (3m)
NOG	10:48AM ET	5.71	0.40	6.56%	72,433	533,884
WLL	10:49AM ET	75.82	7.59	9.10%	592,988	1,092,670
SM	10:48AM ET	36.39	2.33	6.02%	578,570	1,436,810
MDU	10:49AM ET	29.11	1.34	4.40%	558,302	1,060,430
GEOI	10:48AM ET	11.90	1.52	11.33%	52,552	241,614
BSIC.OB	2:51PM ET	1.57	0.00	0.00%	0	51,378.1
WSEG.OB	10:44AM ET	0.18	0.00	0.00%	29,660	814,181
CLR	10:48AM ET	35.98	4.75	11.66%	1,120,640	1,891,030
BEXP	10:49AM ET	10.94	1.06	8.83%	572,406	1,284,620
KDKN.OB	10:32AM ET	1.51	0.00	0.00%	10,600	126,373
KOG	10:48AM ET	2.16	0.33	13.26%	385,008	1,297,400
EOG	10:49AM ET	86.38	5.91	6.40%	1,698,077	3,901,030

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Tags: CLR eom oil prices OPEC pain wll