The Bakken Fund

Posted by bakkenexpert

The latest update on the Bakken Fund is below.    For the FAQ,  scroll to the bottom of the page

The Bakken Fund is constructed as an index fund of 10 stocks with Bakken exposure. Each stock gets a 10% weighting (total 100%) regardless of market cap. We have included micro caps, small caps, mid caps and large caps in the Bakken Fund to give diverse exposure to both risk and the Bakken region. After extremely solid years in 2009 (180% gain) and 2010 (64% gain) we have pulled into positive territory for the year (as of 6/30/11) with a 5.28% gain.   Given the roller coaster ride the economy has seen this year,  we don’t expect the fund to sit still through the remainder of the year.     We expect Bakken plays to end the year on an up note and outperform non-Bakken plays.    Many of the pure plays are off 30% from their 2011 highs and could bounce in the short term.

BAKKEN FUND 2008		RETURN: -43.34%
Company	Symbol	Price 1/1	Price 12/31	Return
Brigham Exploration	BEXP	7.3	3.13	-57.12%
Continental Resources	CLR	26.13	20.71	-20.74%
Whiting Oil & Gas	WLL	28.83	16.73	-41.97%
Northern Oil & Gas	NOG	6.95	2.6	-62.59%
Kodiak Oil & Gas	KOG	2.2	0.31	-85.91%
MDU Resources	MDU	24.86	19.87	-20.07%
EOG Resources	EOG	87.3	65.44	-25.04%
NewField Exploration	NFX	52.7	19.75	-62.52%
GEO Resources	GEOI	9	8.69	-3.44%
Marathon Oil	MRO	55.21	25.41	-53.98%
			Total	-43.34%
BAKKEN FUND 2009		RETURN: 180.49%
Company	Symbol	Price 1/1	Price 12/31	Return
Brigham Exploration	BEXP	3.13	13.55	332.91%
Continental Resources	CLR	20.71	42.89	107.10%
Whiting Oil & Gas	WLL	16.73	35.72	113.51%
Northern Oil & Gas	NOG	2.6	11.84	355.38%
Kodiak Oil & Gas	KOG	0.31	2.22	616.13%
MDU Resources	MDU	19.87	22.51	13.29%
EOG Resources	EOG	65.44	96.42	47.34%
NewField Exploration	NFX	19.75	48.23	144.20%
GEO Resources	GEOI	8.69	13.66	57.19%
Marathon Oil	MRO	25.41	29.94	17.83%
			Total	180.49%
BAKKEN FUND 2010		RETURN 64.72%
Company	Symbol	Price 1/1	Price 12/31	Return
Brigham Exploration	BEXP	13.55	27.24	101.03%
Continental Resources	CLR	42.89	58.85	37.21%
Whiting Oil & Gas	WLL	35.72	58.6	64.05%
Northern Oil & Gas	NOG	11.84	27.21	129.81%
Kodiak Oil & Gas	KOG	2.22	6.6	197.30%
MDU Resources	MDU	22.51	19.97	-11.28%
EOG Resources	EOG	96.42	91.13	-5.49%
NewField Exploration	NFX	48.23	72.11	49.51%
GEO Resources	GEOI	13.66	22.21	62.59%
Marathon Oil	MRO	29.94	36.65	22.41%
			Total	64.72%
BAKKEN FUND 2011		RETURN +5.28%
(Through 6/30/11)
Company	Symbol	Price 1/1	Price 6/30	Return
Brigham Exploration	BEXP	27.24	29.93	9.88%
Continental Resources	CLR	58.85	64.91	10.30%
Whiting Oil & Gas	WLL	58.6	56.91	-2.88%
Northern Oil & Gas	NOG	27.21	22.15	-18.60%
Kodiak Oil & Gas	KOG	6.6	5.77	-12.58%
MDU Resources	MDU	19.97	22.5	12.67%
EOG Resources	EOG	91.13	104.55	14.73%
NewField Exploration	NFX	72.11	68.02	-5.67%
GEO Resources	GEOI	22.21	22.49	1.26%
Marathon Oil	MRO	36.65	52.68	43.74%
			Total	5.28%

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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 our readers know if an investment firm starts something similar

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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.

Related posts

• March 4th – Bakken Fund Update (0)
• March 15th – Bakken Fund Update (1)
• Bakken Fund Hits 30% return (1)
• Feb 14th – Bakken Fund Update (2)
• Feb 10 – Bakken Fund Update (0)

Bakken Fund Hits 30% return

Posted by bakkenexpert

For 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: 8.94 +0.79%) 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

• The Bakken Fund (0)
• March 4th – Bakken Fund Update (0)
• March 15th – Bakken Fund Update (1)
• Feb 14th – Bakken Fund Update (2)
• Feb 10 – Bakken Fund Update (0)