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
Nov
08
Posted by bakkenexpert
The market has taken a somewhat predictable yet still very volatile pattern over the last few weeks. We see resistance when the dow approachs the 9200-9500 range and we have seen three retracements to the 8500 range. Oil has retraced into the high 50’s twice and then bounced back into the 60’s. Oil investors are viewing this as a positive sign and the start of a long term bottom. Most of our bakken plays are holding steady around 30-50% higher than their 52 week low. With a deep recession in progress and investors looking for a flight to quality, oil as a commodity may be back in fashion soon and we may see a sector rotation back into oil. EOG and MDU showed quite a bit of strength today as Citigroup upgraded the natural gas sector citing valuation.
| Symbol |
Last Trade |
Change |
Volume |
Avg Vol (3m) |
| NOG |
Nov 7 |
5.03 |
0.19 |
3.64% |
161,035 |
346,774 |
| WLL |
Nov 7 |
43.96 |
0.38 |
0.87% |
1,962,646 |
1,380,350 |
| SM |
Nov 7 |
22.73 |
1.08 |
4.99% |
631,127 |
1,211,560 |
| MDU |
Nov 7 |
18.61 |
0.93 |
5.26% |
1,026,779 |
1,483,210 |
| GEOI |
Nov 7 |
11.23 |
0.28 |
2.56% |
46,722 |
133,912 |
| BSIC.OB |
Nov 7 |
0.97 |
0.03 |
3.00% |
5,500 |
38,635.9 |
| WSEG.OB |
Nov 7 |
0.06 |
0.05 |
47.83% |
725,322 |
447,142 |
| CLR |
Nov 7 |
25.19 |
0.16 |
0.63% |
1,802,370 |
2,219,850 |
| BEXP |
Nov 7 |
6.04 |
0.26 |
4.50% |
499,226 |
962,539 |
| KDKN.OB |
Nov 7 |
0.60 |
0.02 |
3.45% |
58,040 |
95,348.4 |
| KOG |
Nov 7 |
0.60 |
0.09 |
13.04% |
2,361,940 |
1,043,750 |
| EOG |
Nov 7 |
79.88 |
2.71 |
3.51% |
3,500,837 |
4,830,430 |
Related posts
Oct
17
Posted by bakkenexpert
I have not written any articles in the past 3 weeks or so because there was simply nothing positive to write about and I was frankly sick of the gloom and doom. I believe now with oil imploding to $70 a barrel we are really at a point where the downside is another $10-15 at MOST and we HAVE to be forming a base of some sort. Our favorites plays WLL and CLR have been absolutely decimated and are at levels that most of us haven’t expected in our lifetimes. At this point I am content to sink a few thousand in a basket of our favorite plays (NOG, BEXP, EOG, CLR, WLL, SM) and let it ride for the next 12 months.
| Symbol |
Last Trade |
Change |
Volume |
Avg Vol (3m) |
| NOG |
1:04PM ET |
4.46 |
0.63 |
16.45% |
206,748 |
411,215 |
| WLL |
1:05PM ET |
41.46 |
4.62 |
12.54% |
931,404 |
1,304,240 |
| SM |
1:05PM ET |
24.02 |
1.72 |
7.71% |
316,990 |
1,348,350 |
| MDU |
1:04PM ET |
19.771 |
0.321 |
1.65% |
875,003 |
1,330,770 |
| GEOI |
1:03PM ET |
9.63 |
0.80 |
9.06% |
68,487 |
136,280 |
| BSIC.OB |
12:44PM ET |
0.80 |
0.13 |
13.98% |
8,091 |
38,635.9 |
| WSEG.OB |
12:16PM ET |
0.115 |
0.005 |
4.17% |
114,148 |
727,261 |
| CLR |
1:05PM ET |
26.20 |
3.28 |
14.31% |
1,045,576 |
2,225,300 |
| BEXP |
1:05PM ET |
7.00 |
0.57 |
8.86% |
426,435 |
1,128,710 |
| KDKN.OB |
11:30AM ET |
0.65 |
0.02 |
2.99% |
11,495 |
95,348.4 |
| KOG |
1:04PM ET |
1.15 |
0.20 |
21.05% |
1,502,596 |
1,016,370 |
| EOG |
1:05PM ET |
75.08 |
5.98 |
8.65% |
3,276,782 |
4,797,270 |
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
Aug
06
Posted by bakkenexpert
The latest active drilling rig report shows an increase of 3 rigs from the last report that we posted about 2 weeks ago. Continental still holds the lead and increased their number to 15 from 13 and hold almost a 20% hold on total active rigs and we can expect to see continued growth as outlined in their earning call earlier this month. EOG, Marathon and Hess are close behind with 10% of the rigs count. It is interesting to note that XTO only has 1 active rig even though they made a huge 1.85 billion dollar Bakken acreage purchase earlier in the year. I would not be surprised if they ramp up their drilling program in the region in the next few months.
| Operator |
Well Name and Number |
Start Date |
| BRIGHAM OIL & GAS LP |
ADIX 25 1-H |
8/4/2008 |
| BURLINGTON RES O&G CO |
FOX TAIL 31-10H |
7/31/2008 |
| BURLINGTON RES O&G CO |
COLTER 44-14H |
* MIRU |
| BURLINGTON RES O&G CO |
RINK 24-8H |
7/27/2008 |
| BURLINGTON RES O&G CO |
MIDNIGHT RUN 41-1H |
7/23/2008 |
| CONTINENTAL RESOURCES |
HEGGE 43-36 WSW |
7/16/2008 |
| CONTINENTAL RESOURCES |
ELSIE 1-22FRH |
7/23/2008 |
| CONTINENTAL RESOURCES |
LOWE 44-9NH |
7/25/2008 |
| CONTINENTAL RESOURCES |
FISCHER 11-16SH |
8/1/2008 |
| CONTINENTAL RESOURCES |
GRAHAM 43-35SH |
6/27/2008 |
| CONTINENTAL RESOURCES |
OSCAR 1-25H |
6/20/2008 |
| CONTINENTAL RESOURCES |
ARVID 1-34H |
7/1/2008 |
| CONTINENTAL RESOURCES |
SKACHENKO 1-31H |
6/28/2008 |
| CONTINENTAL RESOURCES |
MORRIS 1-23H |
7/29/2008 |
| CONTINENTAL RESOURCES |
SLOAN 1-17H |
8/5/2008 |
| CONTINENTAL RESOURCES |
OMLID 1-7 H |
8/1/2008 |
| CONTINENTAL RESOURCES |
KIRKLAND 1-33H |
7/22/2008 |
| CONTINENTAL RESOURCES |
ANDREW 24-32NH |
* MIRU |
| CONTINENTAL RESOURCES |
MALCOM 1-29H |
8/2/2008 |
| CONTINENTAL RESOURCES |
OMAR 1-1H |
6/1/2008 |
| EAGLE OPERATING INC |
E-M FLYING H 5-9 |
7/30/2008 |
| ENCORE OPERATING LP |
SKOGLUND 11-10H |
6/24/2008 |
| ENCORE OPERATING LP |
CHARLSON 44-32H |
7/5/2008 |
| EOG RESOURCES INC |
AUSTIN 13-08H |
7/11/2008 |
| EOG RESOURCES INC |
AUSTIN 22-31H |
7/2/2008 |
| EOG RESOURCES INC |
PARSHALL 13-26H |
7/12/2008 |
| EOG RESOURCES INC |
WAYZETTA 21-19H |
* MIRU |
| EOG RESOURCES INC |
PARSHALL 6-22H |
7/29/2008 |
| EOG RESOURCES INC |
WAYZETTA 6-12H |
7/30/2008 |
| EOG RESOURCES INC |
WAYZETTA 13-01H |
8/4/2008 |
| EOG RESOURCES INC |
AUSTIN 25-35H |
7/15/2008 |
| FIDELITY EXPL & PROD CO |
WEINMANN 11-28H |
8/2/2008 |
| FIDELITY EXPL & PROD CO |
LEDENE 44-5H |
7/23/2008 |
| FIDELITY EXPL & PROD CO |
FLADELAND 11-22H |
7/30/2008 |
| GOLDEN EYE RESOURCES, LLC |
STEINBERGER #1-16 |
7/22/2008 |
| HEADINGTON OIL CO LLC |
ALKALI CREEK 44X-10 |
7/21/2008 |
| HEADINGTON OIL CO LLC |
HARTSOCH STATE 34X-36 |
7/12/2008 |
| HELIS OIL & GAS CO. LLC |
LEVANG 4-13H |
7/11/2008 |
| HESS CORPORATION |
BB-RICE-150-95- 0718H-1 |
* MIRU |
| HESS CORPORATION |
EN-NESET-156-94- 0706H-1 |
6/28/2008 |
| HESS CORPORATION |
EN-PERSON-156-94- 1102H-1 |
7/3/2008 |
| HESS CORPORATION |
ST-ANDES-151-89- 2413H-1 |
7/22/2008 |
| HESS CORPORATION |
RS-AADNES-157-91- 2829H-1 |
8/1/2008 |
| HESS CORPORATION |
RS-J NELSON-156-91- 0708H-1 |
7/14/2008 |
| HESS CORPORATION |
BL-OLSON-155-96- 1003H-1 |
7/20/2008 |
| HUNT OIL COMPANY |
CHARLIE 1-06H |
7/10/2008 |
| LUFF EXPLORATION CO |
GR-RRBU Z-12H |
7/13/2008 |
| MARATHON OIL CO |
PELTON 24-31H |
7/8/2008 |
| MARATHON OIL CO |
KRENZEL 34-26H |
7/16/2008 |
| MARATHON OIL CO |
WARDNER 14-35H |
7/15/2008 |
| MARATHON OIL CO |
L.R. 21-16H |
7/15/2008 |
| MARATHON OIL CO |
FRED HANSEN 34-8H |
7/30/2008 |
| MARATHON OIL CO |
OSCAR STOHLER 41-4H |
8/2/2008 |
| MARATHON OIL CO |
BOTTLESON 34-22H |
7/24/2008 |
| MUREX PETROLEUM CORP |
CHANDLER JAMES 25-36H |
7/4/2008 |
| MUREX PETROLEUM CORP |
SHELDON MARK 27-34H |
7/10/2008 |
| NEWFIELD PROD CO |
ROLFSRUD 1-32H |
8/1/2008 |
| OASIS PETRO NO AMER |
ERIE 44-19H |
7/28/2008 |
| PEAK NO DAK LLC |
FREDERICKS 5-11H |
7/28/2008 |
| PETRO HUNT LLC |
USA 35D-1-1H |
5/6/2008 |
| PRIMA EXPLORATION INC |
MESA 24-2H |
7/18/2008 |
| SAGEBRUSH RESOURCES LLC |
RICE ET AL 1H |
8/1/2008 |
| SAMSON RESOURCES CO |
SPARKS 8-162-98H |
7/9/2008 |
| SINCLAIR OIL & GAS CO |
NELSON 1-25H |
7/20/2008 |
| SLAWSON EXPLORATION |
PAYARA 1-21H |
6/25/2008 |
| ST MARY LAND & EXPLORATION CO |
CLARK 16-27H |
7/6/2008 |
| ST MARY LAND & EXPLORATION CO |
BEAR DEN FEDERAL 10-25HR |
7/19/2008 |
| SUMMIT RESOURCES INC |
GAP FEDERAL 3-8H |
7/29/2008 |
| TRACKER RES DEVMNT |
OLSON 20-1H |
7/28/2008 |
| TRACKER RES DEVMNT |
DRESSLER #13-1H |
* MIRU |
| WARD-WILLISTON CO |
SUNDAHL 20-34 |
7/30/2008 |
| WHITING OIL AND GAS CORP |
LITTLEFIELD 11-7H |
6/30/2008 |
| WHITING OIL AND GAS CORP |
BREHM 44-5H |
7/18/2008 |
| WHITING OIL AND GAS CORP |
NESHEIM 1-24H |
7/16/2008 |
| WHITING OIL AND GAS CORP |
LACEY 11-10H |
7/25/2008 |
| WHITING OIL AND GAS CORP |
ROGGENBUCK 11-25H |
8/3/2008 |
| WINDSOR ENERGY GROUP LLC |
WHITMORE 1-7H |
7/24/2008 |
| XTO ENERGY INC |
SAKAKAWEA FEDERAL 13X-35R |
7/27/2008 |
| ZENERGY INC |
JEAN BAPTISTE 1-11H |
7/20/2008 |
Related posts
