Trying to hang on

Posted by bakkenexpert

Our bakken plays have held on fairly well considering oil is still drifting towards $30 per barrel.   This is partly because there is hope that the OPEC cuts of 2 million barrels per day will cause a mid term reversal in the price of crude over the next few months.   Our earlier call on CLR looks pretty good with the stock up 33% (from $15 to $20) in the last few days.    We will consider getting into WLL if it goes below 30 as well.

bakken

Symbol	Last Trade		Change		Volume	Avg Vol (3m)
NOG	10:00AM ET	3.17	0.17	5.09%	34,216	284,335
WLL	10:00AM ET	32.76	2.37	6.75%	145,488	1,501,340
SM	10:00AM ET	19.93	0.82	3.95%	36,350	1,065,490
MDU	10:00AM ET	21.00	0.36	1.69%	215,711	1,718,310
GEOI	10:00AM ET	7.4596	0.1304	1.72%	14,531	113,672
BSIC.OB	9:53AM ET	0.646	0.054	7.71%	2,500	38,635.9
WSEG.OB	9:44AM ET	0.03	0.01	14.29%	65,850	141,765
CLR	10:00AM ET	19.34	1.27	6.16%	128,363	2,021,960
BEXP	10:00AM ET	3.82	0.15	3.78%	61,656	956,982
KDKN.OB	9:59AM ET	0.60	0.05	7.69%	4,400	95,348.4
KOG	10:00AM ET	0.3701	0.0001	0.03%	47,100	894,449
EOG	10:00AM ET	67.38	2.22	3.19%	328,205	5,068,030

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Tags: CLR OPEC wll