March 15th – Bakken Fund Update

Posted by bakkenexpert

For questions on the Bakken Fund, please see our FAQ here

The markets continue their choppy but upward ascent over the last 10 days and our Bakken Fund has followed suit as well.   American Oil & Gas (AEZ: 0.00 N/A) continues to outperform with a 40% gain and GeoResources Inc (GEOI: 32.58 0.00%)  and Kodiak Oil & Gas (KOG: 8.79 0.00%) are also close behind.   All of our Bakken plays are still in the black and have held up well as oil has traded up and down days over the last 2 weeks.   The Bakken Fund is still outperforming the Nasdaq, Dow and Russell 2000 indexes and we expect that to continue unless oil totally diverges from the overall market. The fund now stands at a 16.9% gain and we are continuing to hold most positions as we have not seen technical weakness in the constituents.

Bakken Fund NAV: $11.69 YTD Return: 16.9%

recent returns vs. major indexes
		Beating Today MTD QTD YTD BKN   -1.01% 9.31% 18.83% 18.83% S&P 500 YES -0.04% 4.22% 3.58% 3.58% DOW YES 0.09% 2.90% 1.89% 1.89% Nasdaq YES -0.28% 5.78% 4.34% 4.34%

 

 

Symbol	Price	Shares	Value	% of Fund	Gains	Today	Return
AEZ	$5.85	23,765	$139,025.25	11.81%	$41,645.71	-0.85%	40.96%
GEOI	$15.22	8,698	$132,383.56	11.24%	$31,193.02	-1.49%	30.83%
KOG	$2.94	15,985	$46,995.90	3.99%	$10,241.22	0.00%	27.86%
BEXP	$17.20	6,710	$115,412.00	9.80%	$24,058.59	-1.94%	24.03%
WLL	$77.73	1,390	$108,044.70	9.18%	$20,768.11	-1.06%	20.66%
SM	$36.68	3,020	$110,758.50	9.41%	$17,472.81	-0.42%	17.53%
MRO	$31.23	3,395	$106,025.85	9.00%	$11,137.21	-0.79%	11.08%
CLR	$40.88	2,540	$103,835.20	8.82%	$11,009.20	-1.47%	10.96%
EOG	$96.93	1,000	$96,930.00	8.23%	$6,581.50	-0.67%	6.61%
NOG	$12.95	8,090	$104,765.50	8.90%	$4,642.37	-0.69%	4.64%

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