Feb 22nd – Bakken Fund Update

Posted by bakkenexpert

The Bakken Fund continues to outperform the general market and all major indices as shown in the figure below.   Since its inception earlier this month,  the Bakken Fund is now up 10.5% with Brigham Exploration (BEXP: 16.89 +0.36%) leading the way with a 20% gain.     Oil stocks have had a decent run in the last 2 weeks and we may consider booking some gains and looking for a better re-entry point with some of our gainers in the coming days.     

Bakken Fund NAV: $11.05 YTD Return: 10.5%

 

Symbol	Price	Shares	Value	%of Fund	Gains	Today	Return
BEXP	$16.67	6,710	$111,855.70	10.13%	$20,502.29	-0.06%	20.48%
AEZ	$4.86	23,765	$115,497.90	10.46%	$18,118.36	2.21%	17.82%
GEOI	$13.60	8,698	$118,292.80	10.71%	$17,102.26	0.44%	16.90%
WLL	$74.12	1,390	$103,026.80	9.33%	$15,750.21	1.10%	15.67%
CLR	$40.96	2,540	$104,038.40	9.42%	$11,212.40	0.32%	11.16%
SM	$34.20	3,020	$103,284.00	9.35%	$9,998.31	0.23%	10.03%
KOG	$2.47	15,985	$39,484.55	3.57%	$2,729.87	-3.89%	7.43%
MRO	$29.97	3,395	$101,748.15	9.21%	$6,859.51	0.07%	6.82%
EOG	$94.64	1,000	$94,640.00	8.57%	$4,291.50	0.32%	4.31%
NOG	$12.23	8,090	$98,940.70	8.96%	($1,182.43)	-2.16%	-1.18%

 

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

Related posts

• The Bakken Fund (0)
• Daily Roundup – July 2nd 2008 – Bakken Bears (0)
• Trying to form an uptrend (0)
• Signs of life (0)
• Morning roundup – After the storm (1)

Feb 14th – Bakken Fund Update

Posted by bakkenexpert

The Bakken Fund continues its upward ascent finishing last week on an upswing while the overall market was under pressure.  American Oil & Gas (AEZ: 5.85 +0.69%) 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: 13.16 -2.66%) this week as well and are evaluating Hess (HES: 60.17 -1.76%) 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%

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

Related posts

• The Bakken Fund (0)
• March 4th – Bakken Fund Update (0)
• Feb 10 – Bakken Fund Update (0)
• Bakken Mutual Fund Inception (3)
• Trying to form an uptrend (0)