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Feb 14th – Bakken Fund Update
Posted by bakkenexpertThe Bakken Fund continues its upward ascent finishing last week on an upswing while the overall market was under pressure. American Oil & Gas (AEZ: 0.00 N/A) lead the pack with a 15% return in little more than a week. BEXP, KOG and GEOI all came in with greater than 10% returns. We picked up a position in Northern Oil & Gas (NOG: 25.61 0.00%) this week as well and are evaluating Hess (HES: 61.12 0.00%) and PetroBakken for inclusion. Overall the fund is now up 6.6% since inception and has outperformed all major indexes (as shown below) thus far in its short life. One of the main questions I’m getting about the fund is what the ticker symbol is and how to invest. Unfortunately, there is no direct way to invest in this fund although you could track my trades (which I’ll post at the bottom of each update) and replicate the trades yourselves to some extent (You can see some real time stats on the fund at Marketocracy on this page). Hopefully this fund will raise the awareness with the fund managers in this sector and show them the investment potential of the Bakken region. In terms of managing the virtual fund my style is not necessarily to buy and hold but to trade in and out when I see technical tops or bottoms in the stocks. Oil has been fairly cyclical and predictable over the last year and we’ll try to use that to our advantage with this fund. I’ve been flooded with a number of other questions about the fund and will set up a separate FAQ and prospectus to help address them.
Bakken Fund NAV: $10.66 YTD Return: 6.6%
The Bakken Fund is up 6.6% in little more than a week
| Symbol | Price | Shares | Value | % of Fund |
Gains | Today | Return |
| AEZ | $4.74 | 23,765 | $112,646.10 | 10.57% | $15,266.56 | 1.07% | 15.02% |
| BEXP | $15.42 | 6,710 | $103,468.20 | 9.71% | $12,114.79 | 1.65% | 12.10% |
| KOG | $2.55 | 15,985 | $40,761.75 | 3.82% | $4,007.07 | 1.59% | 10.90% |
| GEOI | $12.82 | 8,698 | $111,508.36 | 10.46% | $10,317.82 | 3.05% | 10.20% |
| WLL | $69.27 | 1,390 | $96,285.30 | 9.03% | $9,008.71 | 0.03% | 8.96% |
| SM | $33.31 | 3,020 | $100,596.20 | 9.44% | $7,310.51 | 0.39% | 7.33% |
| CLR | $38.76 | 2,540 | $98,450.40 | 9.24% | $5,624.40 | -0.62% | 5.60% |
| MRO | $28.61 | 3,395 | $97,130.95 | 9.11% | $2,242.31 | 0.07% | 2.23% |
| EOG | $90.98 | 1,000 | $90,980.00 | 8.53% | $631.50 | -0.09% | 0.63% |
| NOG | $12.37 | 8,090 | $100,073.30 | 9.39% | ($49.83) | 0.49% | -0.05% |
Trade Ledger:
| Type | Close Date | Symbol | Name | Quantity | Price | Net | Commission | SEC Fee |
|---|---|---|---|---|---|---|---|---|
| Buy | Feb 11, 2010 | NOG | Northern Oil & Gas, Incorporated | 8,090 | $12.38 | $100,123.13 | $404.50 | $0.00 |
| Sell | Feb 8, 2010 | CLR | Continental Resources, Incorporated | 200 | $38.16 | $7,631.20 | $10.00 | $0.10 |
| Sell | Feb 8, 2010 | WLL | Whiting Petroleum Corporation | 200 | $66.11 | $13,222.63 | $10.00 | $0.17 |
| Sell | Feb 8, 2010 | AEZ | American Oil & Gas, Incorporated | 1,000 | $4.28 | $4,283.94 | $50.00 | $0.06 |
| Sell | Feb 8, 2010 | SM | ST. MARY LAND EXPLORATION | 200 | $31.98 | $6,396.61 | $10.00 | $0.09 |
| Sell | Feb 8, 2010 | BEXP | BRIGHAM EXPLORATION | 600 | $14.58 | $8,750.84 | $30.00 | $0.12 |
| Sell | Feb 8, 2010 | EOG | EOG RESOURCES INC | 100 | $92.87 | $9,287.28 | $5.00 | $0.12 |
| Sell | Feb 8, 2010 | MRO | Marathon Oil Corp | 200 | $28.13 | $5,625.72 | $10.00 | $0.08 |
| Buy | Feb 5, 2010 | GEOI | GEORESOURCES INC | 3,144 | $11.77 | $37,012.66 | $157.20 | $0.00 |
| Buy | Feb 5, 2010 | AEZ | American Oil & Gas, Incorporated | 10,470 | $4.13 | $43,210.89 | $523.50 | $0.00 |
| Buy | Feb 5, 2010 | KOG | Kodiak Oil & Gas Corporation | 15,985 | $2.30 | $36,754.68 | $799.25 | $0.00 |
| Buy | Feb 5, 2010 | AEZ | American Oil & Gas, Incorporated | 14,295 | $4.09 | $58,452.58 | $714.75 | $0.00 |
| Buy | Feb 5, 2010 | GEOI | GEORESOURCES INC | 5,554 | $11.56 | $64,177.88 | $277.70 | $0.00 |
| Buy | Feb 5, 2010 | MRO | Marathon Oil Corp | 3,595 | $27.96 | $100,514.36 | $179.75 | $0.00 |
| Buy | Feb 5, 2010 | CLR | Continental Resources, Incorporated | 2,740 | $36.66 | $100,457.20 | $137.00 | $0.00 |
| Buy | Feb 5, 2010 | BEXP | BRIGHAM EXPLORATION | 7,310 | $13.69 | $100,104.25 | $365.50 | $0.00 |
| Buy | Feb 5, 2010 | SM | ST. MARY LAND EXPLORATION | 3,220 | $30.96 | $99,682.30 | $161.00 | $0.00 |
| Buy | Feb 5, 2010 | WLL | Whiting Petroleum Corporation | 1,590 | $63.21 | $100,499.22 | $79.50 | $0.00 |
| Buy | Feb 5, 2010 | EOG | EOG RESOURCES INC | 1,100 | $90.58 | $99,635.78 | $55.00 | $0.00 |
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Tags: Bakken Fund CLR ETF HES invest mutual fund NAV NOG northern oil SPY xle
You should include more canadian bakken players
Oil needs to stay above $70 for your fund to do well, otherwise if it breaks support, all oil plays could be in for a rude awakening
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