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: 17.17 +0.41%) 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

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Time has passed but nothing has changed

Posted by bakken

About a month has passed and not much has changed with our Bakken plays.  Oil is still around the $40 per barrel mark and any increase seems to be tempered by the doldrums of the dow which is in a trading range between 7800-8800 over the last month.   Today MDU reported a fourth-quarter loss on Tuesday, partly due to a non-cash charge related to lower energy prices at its natural gas and oil operations. The net loss was $11.4 million, or 6 cents per share.   The stock was off 5% in early trading.   In addition, BP,  a 130 billion dollar oil giant, saw a $3.3 billion dollar loss due to the precipitous drop in oil prices.   If the big players are seeing this bad an effect from falling oil,  we should expect our bakken plays to report losses over the next few weeks as companies report.    We can only hope that these losses are already priced into the shares.  Whiting Petroleum had a share offering that raised about $200 million about a week ago which sent the shares down more than 30% but it may be attractive entry point around $27 as it should have the cash to weather the storm.

Good luck to all!

Symbol	Last Trade		Change		Volume	Avg Vol (3m)
NOG	10:19AM ET	3.04	0.00	0.00%	18,273	226,852
WLL	10:19AM ET	28.450001	0.179998	0.63%	381,272	1,654,570
SM	10:19AM ET	19.27	0.28	1.47%	56,722	900,661
MDU	10:19AM ET	18.82	1.11	5.57%	415,591	1,349,880
GEOI	10:19AM ET	7.39	0.03	0.41%	4,824	76,396.8
BSIC.OB	Feb 2	0.91	0.00	0.00%	0	38,635.9
WSEG.OB	10:02AM ET	0.059	0.001	1.67%	9,200	124,269
CLR	10:19AM ET	20.50	0.10	0.49%	138,567	1,525,500
BEXP	10:19AM ET	2.38	0.04	1.71%	155,535	746,571
KDKN.OB	10:09AM ET	0.495	0.00	0.00%	700,500	95,348.4
KOG	10:17AM ET	0.2999	0.0001	0.03%	257,438	690,510
EOG	10:19AM ET	66.91	0.17	0.25%	525,409	4,191,610

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