Groundhog day

Posted by bakkenexpert

Every day since the financial crisis essentially feels like groundhog day.   I log into my account in the morning and my oil stocks are a little up or flat.  I log in later in the day and they are down dramatically.   The price action here is nauseating and i’m figuratively and literally sick of it.     There was some hope today with OPEC potentially cutting output but recession fears weighed in on all stocks and we were again saddled with 5% plus losses across the board.    As i have stated in my previous posts the best thing to do is to sink a fixed discretionary chunk into bakken stocks and don’t check your account for 12 months (I don’t have the will power but maybe you do .       Good luck to all of us…we definitely need it….

bakken

Symbol	Last Trade		Change		Volume	Avg Vol (3m)
NOG	2:29PM ET	4.0400	0.0100	0.25%	119,901	391,726
WLL	2:30PM ET	37.32	1.42	3.67%	858,243	1,322,440
SM	2:30PM ET	21.89	1.62	6.89%	1,102,208	1,283,690
MDU	2:30PM ET	16.79	1.13	6.31%	1,090,910	1,373,620
GEOI	2:29PM ET	10.86	0.34	3.23%	49,633	134,250
BSIC.OB	12:15PM ET	0.85	0.00	0.00%	16,440	38,635.9
WSEG.OB	1:30PM ET	0.11	0.01	8.33%	90,282	655,561
CLR	2:30PM ET	21.03	1.70	7.48%	1,408,828	2,257,070
BEXP	2:30PM ET	6.15	0.36	5.53%	551,802	1,065,580
KDKN.OB	2:21PM ET	0.60	0.03	5.26%	10,885	95,348.4
KOG	2:29PM ET	0.70	0.10	12.55%	294,514	1,017,220
EOG	2:30PM ET	61.97	4.06	6.15%	3,399,976	4,861,610

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Tags: CLR KDKN oil stocks OPEC recession fears