Jun
11
Posted by bakken
Most of the bakken plays are showing strength today with the oil supply data that came out this morning. One stock showing weakness on low volume is KOG which is currently around $3.46 a share at the time of this posting (1:50 PM Eastern). We believe that this short term weakness will dissipate and KOG will touch $4 in the next 2 weeks.
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Jun
10
Posted by bakken
As I do almost every day, I troll through the various message boards related to Bakken stocks. Along with the usual obfuscated swearings between longs and shorts, I have begun to notice quite a bit of banter between folks (ie individuals not affiliated with any company) who claim to have mineral rights in the Bakken region, Montana, and Texas to name a few. A recent exchange on a board involved an poster who berated another individual for overestimating lease data and NRI estimates on Bakken land and claimed he knew his facts because he had leased mineral rights to Marathon Oil in Texas.
I’d love to hear from our readers on whether this is a viable investment vehicle and whether anyone has achieved decent returns by buying land and then convincing an oil producer to exploit it. I gather from the number of postings of individuals claiming to do this, it can’t be all that lucrative or dependable. Maybe I’m in the wrong profession.
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