Dec
18
Posted by bakkenexpert
Our bakken plays have held on fairly well considering oil is still drifting towards $30 per barrel. This is partly because there is hope that the OPEC cuts of 2 million barrels per day will cause a mid term reversal in the price of crude over the next few months. Our earlier call on CLR looks pretty good with the stock up 33% (from $15 to $20) in the last few days. We will consider getting into WLL if it goes below 30 as well.
| bakken |
 |
| Symbol |
Last Trade |
Change |
Volume |
Avg Vol (3m) |
| NOG |
10:00AM ET |
3.17 |
 0.17 |
5.09% |
34,216 |
284,335 |
| WLL |
10:00AM ET |
32.76 |
2.37 |
6.75% |
145,488 |
1,501,340 |
| SM |
10:00AM ET |
19.93 |
0.82 |
3.95% |
36,350 |
1,065,490 |
| MDU |
10:00AM ET |
21.00 |
0.36 |
1.69% |
215,711 |
1,718,310 |
| GEOI |
10:00AM ET |
7.4596 |
0.1304 |
1.72% |
14,531 |
113,672 |
| BSIC.OB |
9:53AM ET |
0.646 |
0.054 |
7.71% |
2,500 |
38,635.9 |
| WSEG.OB |
9:44AM ET |
0.03 |
0.01 |
14.29% |
65,850 |
141,765 |
| CLR |
10:00AM ET |
19.34 |
1.27 |
6.16% |
128,363 |
2,021,960 |
| BEXP |
10:00AM ET |
3.82 |
0.15 |
3.78% |
61,656 |
956,982 |
| KDKN.OB |
9:59AM ET |
0.60 |
0.05 |
7.69% |
4,400 |
95,348.4 |
| KOG |
10:00AM ET |
0.3701 |
 0.0001 |
0.03% |
47,100 |
894,449 |
| EOG |
10:00AM ET |
67.38 |
2.22 |
3.19% |
328,205 |
5,068,030 |
Related posts
Oct
23
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 |
|
| Symbol |
Last Trade |
Change |
Volume |
Avg Vol (3m) |
| NOG |
2:29PM ET |
4.0400 |
0.0100 |
0.25% |
119,901 |
391,726 |
| WLL |
2:30PM ET |
37.32 |
1.42 |
3.67% |
858,243 |
1,322,440 |
| SM |
2:30PM ET |
21.89 |
1.62 |
6.89% |
1,102,208 |
1,283,690 |
| MDU |
2:30PM ET |
16.79 |
1.13 |
6.31% |
1,090,910 |
1,373,620 |
| GEOI |
2:29PM ET |
10.86 |
0.34 |
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 |
0.01 |
8.33% |
90,282 |
655,561 |
| CLR |
2:30PM ET |
21.03 |
1.70 |
7.48% |
1,408,828 |
2,257,070 |
| BEXP |
2:30PM ET |
6.15 |
0.36 |
5.53% |
551,802 |
1,065,580 |
| KDKN.OB |
2:21PM ET |
0.60 |
0.03 |
5.26% |
10,885 |
95,348.4 |
| KOG |
2:29PM ET |
0.70 |
0.10 |
12.55% |
294,514 |
1,017,220 |
| EOG |
2:30PM ET |
61.97 |
4.06 |
6.15% |
3,399,976 |
4,861,610 |
Related posts
Sep
09
Posted by bakkenexpert
Our Bakken bucket of stocks continues to languish under the pressure of falling oil prices. We have had a cautious stance on the sector since late June when oil started its descent. For those who are long, we hope that OPEC can vigorously defend the $100 a mark. Defense of this psychological marker will allow for stabilization of our bakken plays in the long term. For now we must wait and endure the pain.
| bakken |
|
| Symbol |
Last Trade |
Change |
Volume |
Avg Vol (3m) |
| NOG |
10:48AM ET |
5.71 |
0.40 |
6.56% |
72,433 |
533,884 |
| WLL |
10:49AM ET |
75.82 |
7.59 |
9.10% |
592,988 |
1,092,670 |
| SM |
10:48AM ET |
36.39 |
2.33 |
6.02% |
578,570 |
1,436,810 |
| MDU |
10:49AM ET |
29.11 |
1.34 |
4.40% |
558,302 |
1,060,430 |
| GEOI |
10:48AM ET |
11.90 |
1.52 |
11.33% |
52,552 |
241,614 |
| BSIC.OB |
2:51PM ET |
1.57 |
0.00 |
0.00% |
0 |
51,378.1 |
| WSEG.OB |
10:44AM ET |
0.18 |
0.00 |
0.00% |
29,660 |
814,181 |
| CLR |
10:48AM ET |
35.98 |
4.75 |
11.66% |
1,120,640 |
1,891,030 |
| BEXP |
10:49AM ET |
10.94 |
1.06 |
8.83% |
572,406 |
1,284,620 |
| KDKN.OB |
10:32AM ET |
1.51 |
0.00 |
0.00% |
10,600 |
126,373 |
| KOG |
10:48AM ET |
2.16 |
0.33 |
13.26% |
385,008 |
1,297,400 |
| EOG |
10:49AM ET |
86.38 |
5.91 |
6.40% |
1,698,077 |
3,901,030 |
Related posts
Jun
16
Posted by bakken
A story broke today that Saudi Arabia may not be able to increase their production by 500,000 barrels per day due to the fact that the newly-discovered Khursaniyah field is not fully operational. Right now the Khursaniyah field is capable of 300,000 barrels per day but it may be months before the additional 200,000 barrels can be added. In addition, they are concerned about the possibility that oil prices will retreat and deteriorate their margins.
The bottom line is that Saudi’s still have no interest in curbing skyrocketing oil prices and although one would think that a global economic downturn would be detrimental, I don’t think the Saudi’s really care. Their margin’s are ridiculous and with India, US and China demand even softening, you would still see $100 oil (40% lower than today) and sustained profitability for the Saudi’s.
Regardless of what their maximum capacity really is, I would expect more propaganda that they are doing everything possible and expect them to take a laissez-faire approach to curbing the crisis.
PS: This is all the more reason that more investment and drilling needs to occur in Bakken!
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