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The Bakken Fund
Posted by bakkenexpertThe latest update on the Bakken Fund is below. For the FAQ, scroll to the bottom of the page
Despite some pressure on oil today, The Bakken Fund continues to roll and outperform the Dow, Nasdaq and pretty much every standard index on the market. We resisted our urge to trade out of some plays last week during some down days, and that proved to be a wise decision. American Oil & Gas (AEZ: 5.86 +0.86%) has really taken off after some positive news earlier this week and is currently holding gains over 30%. Brigham Exploration (BEXP: 16.895 +0.39%) and GeoResources Inc (GEOI: 15.63 +1.30%) also continue to excel with 20% gains. We are a bit cautious in the short term and will look for signals to book gains and reenter at better entry points on some of our positions.
Bakken Fund NAV: $11.31 YTD Return: 13.1%
| recent returns vs. major indexes |
|
| Symbol | Price | Shares | Value | % of Fund | Gains | Today | Return |
| AEZ | $5.38 | 23,765 | $127,855.70 | 11.31% | $30,476.16 | -2.00% | 29.98% |
| GEOI | $14.06 | 8,698 | $122,293.88 | 10.82% | $21,103.34 | 2.24% | 20.86% |
| BEXP | $16.62 | 6,710 | $111,520.20 | 9.86% | $20,166.79 | -2.81% | 20.15% |
| WLL | $75.74 | 1,390 | $105,278.60 | 9.31% | $18,002.01 | -1.70% | 17.91% |
| SM | $35.05 | 3,020 | $105,851.00 | 9.36% | $12,565.31 | 0.06% | 12.61% |
| KOG | $2.56 | 15,985 | $40,921.60 | 3.62% | $4,166.92 | 0.39% | 11.34% |
| CLR | $39.84 | 2,540 | $101,193.60 | 8.95% | $8,367.60 | -1.07% | 8.33% |
| NOG | $13.22 | 8,090 | $106,949.80 | 9.46% | $6,826.67 | 0.84% | 6.82% |
| MRO | $29.58 | 3,395 | $100,424.10 | 8.88% | $5,535.46 | 0.37% | 5.51% |
| EOG | $95.20 | 1,000 | $95,200.00 | 8.42% | $4,851.50 | -0.65% | 4.87% |
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The Bakken Fund FAQ
Question: What is the ticker symbol for the Bakken Fund and how can I invest?
Answer: Unfortunately, The Bakken Fund is a “virtual” fund and you cannot currently invest. We’ll let you know if one of the investment houses picks it up. I do provide transparency in terms of trading in and out of the fund. We are using the tools at Marketocracy to track the fund and compare performance to indexes such as the Dow, Nasdaq and S&P 500.
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Question: Which companies are included in the Bakken Fund?
Answer: We concentrate on publicly traded companies that have significant exposure in the Bakken Region/Williston Basin.
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Question: What investment strategy do you use for the Bakken Fund?Answer: We trade in and out of our constituent stocks as we see technical tops and bottoms forming. On average we don’t expect to trade out of a given stock more than 6 times in a calendar year
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Question: Why do you not include canadian companies in your fund?
Answer: We currently do not include canadian companies due to limitations with Marketocracy. We will add qualified companies as soon as it is possible to do so.
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Question: What kind of returns are you expecting with the Bakken Fund?
Answer: We believe the Bakken Fund will outperform other Oil & Gas funds due to the explosive growth in the Bakken region. Its a simple thesis, but more wells, a greater boepd and advances in drilling will ultimately lead to more production and revenue for companies operating in the Bakken region vs their non-Bakken counterparts. Our target for 2010 is 20-25% but it is impossible to predict whether we will meet this objective.
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