Bakken Mutual Fund Inception

Posted by bakkenexpert

To better track stock performance of oil & gas companies in the Bakken region,  we have set up a virtual mutual fund we have dubbed the “Bakken Fund” that we will actively manage.    Our Bakken fund was commissioned mid-day today and we currently have a diverse group of oil & gas players who operate in the Bakken region.  Currently we have an approximately 10% allocation in WLL, EOG, CLR, MRO, AEZ, SM, BEXP and GEOI.  We also have a smaller position in KOG and will also look to get into some other smaller players in the coming weeks as well.  Our timing today was somewhat lucky as oil in general started moving upward in the early afternoon.

Bakken Fund    NAV: $10.21    YTD Return: 2.1%

Symbol	Price	Shares	Value	Portion of Fund	Gains	Today	Inception Return
WLL	$65.40	1,590	$103,986.00	10.05%	$3,486.78	-0.47%	3.47%
CLR	$37.88	2,740	$103,791.20	10.05%	$3,334.00	-0.63%	3.32%
BEXP	$14.11	7,310	$103,144.10	9.97%	$3,039.85	0.28%	3.04%
SM	$31.88	3,220	$102,653.60	10.02%	$2,971.30	-0.06%	2.98%
GEOI	$11.95	8,698	$103,941.10	10.14%	$2,750.56	-0.42%	2.72%
EOG	$92.86	1,100	$102,146.00	9.96%	$2,510.22	-0.04%	2.52%
AEZ	$4.18	24,765	$103,517.70	10.12%	$1,854.22	0.00%	1.82%
MRO	$28.46	3,595	$102,313.70	10.00%	$1,799.34	-1.39%	1.79%
KOG	$2.27	15,985	$36,285.95	3.60%	($468.73)	-2.58%	-1.28%

Our Bakken Fund ended up 2% today with WLL and CLR both leading the way with 3% gains since about the midday mark.   The only stock that didn’t fare well today was KOG which was off 1.2% since midday.  The fund assumes a total initial value of $1 million dollars and therefore each hypothetical 10% stake represents approximately $100,000.   If we look at the allocation,  we see a diverse mix from micro cap (KOG) to large cap (EOG).  Overall we will look at not exceeding 30% for every allocation.   As the fund matures,  we’ll start posting some interesting metrics on performance.   Drop me a note if you would like us to consider a particular stock to track as part of the Bakken Fund and why.   We are using tools over at Marketocracy to manage the fund.

Color Name Allocation Today Micro Cap : Value 28.28% -0.56% Large Cap : Growth 23.73% -0.72% Small Cap : Growth 12.07% -0.47% Mid Cap : Value 12.04% -0.63% Micro Cap : Growth 11.97% 0.28% Small Cap : Value 11.91% -0.06%

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Tags: aez Bakken Fund CLR Energy Sector ETF Micro Cap mutual fund wll