05
Bakken Fund Hits 30% return
Posted by bakkenexpertFor questions on the Bakken Fund, please see our FAQ here
As oil topped $86 a barrel today our Bakken Fund hit a 30.6% return in a little more than 2 months of existence. The amazing run has exceeded even our optimistic outlook on stocks that operate in the Bakken region. Oil has gone up about 10% in the last 2 months and our plays have benefited greatly from stable oil prices. The Bakken Fund is outperforming the Dow & Nasdaq by about a 3 to 1 margin since inception. Our original rationale was to trade in and out of stocks in the Bakken Fund, but given the uptrend, we have not made any changes to the fund. Small Cap stocks in the region continue to forge ahead. AEZ (AEZ: 0.00 N/A) continues to lead the way with an amazing 70% gain and KOG (KOG: 8.79 0.00%) is not far behind with a 62% gain. We could pack it in for the rest of the year at this point and most likely beat all major indexes for all of 2010 but what fun would that be? Lets see how far we can ride this train.
Bakken Fund NAV: $13.06 YTD Return: 30.6%
| Symbol | Price | Shares | Value | % of Fund | Gains | Today | Return |
| AEZ | $7.12 | 23,765 | $169,206.80 | 12.95% | $71,827.26 | 4.09% | 70.65% |
| KOG | $3.73 | 15,985 | $59,624.05 | 4.56% | $22,869.37 | 6.57% | 62.22% |
| GEOI | $16.89 | 8,698 | $146,909.22 | 11.25% | $45,718.68 | 8.62% | 45.18% |
| NOG | $17.38 | 8,090 | $140,604.20 | 10.76% | $40,481.07 | 4.07% | 40.43% |
| WLL | $86.36 | 1,390 | $120,040.40 | 9.19% | $32,763.81 | 2.58% | 32.60% |
| BEXP | $17.96 | 6,710 | $120,511.60 | 9.22% | $29,158.19 | 4.91% | 29.13% |
| CLR | $45.38 | 2,540 | $115,265.20 | 8.82% | $22,439.20 | 2.28% | 22.34% |
| SM | $37.90 | 3,020 | $114,458.00 | 8.76% | $21,172.31 | 3.38% | 21.24% |
| MRO | $32.42 | 3,395 | $110,065.90 | 8.42% | $15,177.26 | 1.03% | 15.10% |
| EOG | $97.77 | 1,000 | $97,770.00 | 7.48% | $7,421.50 | 2.29% | 7.45% |
Related posts
Tags: american oil Bakken Fund brigham Exploration CLR ETF georesources inc HES indexes invest mutual fund NAV NOG northern oil positive news SPY xle
I’ve been charting Oil and Gas Production companies against XOIL ( crude oil price ). While the price of all producer’s stocks have fluctuated generally with the price of crude, the last 6 months BEXP, WLL, NOG and AEZ have substantially separated from normal crude price fluctuations. The last 30 days KOG has joined this pack all of which are heavily focused on the Bakken/3 Forks play.
Based on this trend and following closely these players, I opened a $2,500 margin account for the kids Feb 3 with BEXP and AEZ. Today it hit the double.
A lot has happened the last 60 days with BEXP and AEZ with both selling non core assets, piggy-banking cash and announcing accelerated drilling programs. AEZ at 2 rigs and BEXP after close today announced adding 1 rig every 4 months beginning May 2010 up to 8 rigs.
Add A Comment