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Nov
14

Groundhog day returns

Posted by bakkenexpert

After watching the dow rally to the 9600 level and then go below 8000 yesterday,  we saw a furious rally of 500+ points.   Oil stocks including our bakken plays rallied as well, even though oil is well under $60 per barrel.   The rally however, was on no real positive news and therefore didn’t have follow through thus far today.    Bakken plays still are gravitating back to their 52 week lows and buyers should be cautious buying into any rallies.    Hedging is still prudent on every long purchase one would make as the market is still very volatile.    All of our stocks seem to be gravitating to a PE of 10 or below and the higher multiple we enjoyed earlier in the year has waned.

bakken Edit
Symbol Last Trade Change Volume Avg Vol (3m)
NOG 11:02AM ET 4.16 Down 0.17 Down 3.93% 69,504 331,758
WLL 11:03AM ET 42.20 Down 1.38 Down 3.17% 432,497 1,383,850
SM 11:03AM ET 20.05 Down 2.29 Down 10.25% 170,378 1,215,760
MDU 11:03AM ET 18.96 Down 1.33 Down 6.55% 382,106 1,519,250
GEOI 11:02AM ET 7.86 Down 1.04 Down 11.69% 38,214 129,927
BSIC.OB 10:24AM ET 0.95 Up 0.04 Up 4.40% 9,500 38,635.9
WSEG.OB 10:07AM ET 0.0570 Down 0.0100 Down 14.93% 18,800 294,761
CLR 11:03AM ET 22.42 Down 2.51 Down 10.07% 354,058 2,188,010
BEXP 10:59AM ET 4.7500 Down 0.4300 Down 8.30% 98,238 961,953
KDKN.OB 10:42AM ET 0.52 0.00 0.00% 43,940 95,348.4
KOG 11:02AM ET 0.42 Down 0.03 Down 7.73% 195,610 1,036,910
EOG 11:03AM ET 80.63 Down 4.34 Down 5.11% 1,801,247 4,910,560

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Oct
23

Groundhog day

Posted by bakkenexpert

Every day since the financial crisis essentially feels like groundhog day.   I log into my account in the morning and my oil stocks are a little up or flat.  I log in later in the day and they are down dramatically.   The price action here is nauseating and i’m figuratively and literally sick of it.     There was some hope today with OPEC potentially cutting output but recession fears weighed in on all stocks and we were again saddled with 5% plus losses across the board.    As i have stated in my previous posts the best thing to do is to sink a fixed discretionary chunk into bakken stocks and don’t check your account for 12 months (I don’t have the will power but maybe you do :) .       Good luck to all of us…we definitely need it….

bakken Edit
Symbol Last Trade Change Volume Avg Vol (3m)
NOG 2:29PM ET 4.0400 Down 0.0100 Down 0.25% 119,901 391,726
WLL 2:30PM ET 37.32 Down 1.42 Down 3.67% 858,243 1,322,440
SM 2:30PM ET 21.89 Down 1.62 Down 6.89% 1,102,208 1,283,690
MDU 2:30PM ET 16.79 Down 1.13 Down 6.31% 1,090,910 1,373,620
GEOI 2:29PM ET 10.86 Up 0.34 Up 3.23% 49,633 134,250
BSIC.OB 12:15PM ET 0.85 0.00 0.00% 16,440 38,635.9
WSEG.OB 1:30PM ET 0.11 Down 0.01 Down 8.33% 90,282 655,561
CLR 2:30PM ET 21.03 Down 1.70 Down 7.48% 1,408,828 2,257,070
BEXP 2:30PM ET 6.15 Down 0.36 Down 5.53% 551,802 1,065,580
KDKN.OB 2:21PM ET 0.60 Up 0.03 Up 5.26% 10,885 95,348.4
KOG 2:29PM ET 0.70 Down 0.10 Down 12.55% 294,514 1,017,220
EOG 2:30PM ET 61.97 Down 4.06 Down 6.15% 3,399,976 4,861,610

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