Michael Filloon
Oil & gas, energy, hedge fund manager, commodities

Bakken Update: This Small Cap Oil And Gas Producer Has 30% Upside In 2014

The recent pullback in small cap oil and gas has provided an entry point. This has been a gift, as an improving world economy has increased demand for refined products. The direct beneficiaries are the refiners and especially those levered to the Bakken. PBF Energy (NYSE:PBF) and Northern Tier (NYSE:NTI) are both very good ways to play wide Brent/WTI differentials, and even wider Brent/Bakken Light. As it becomes more difficult to get Bakken crude out of North Dakota, operators will see margins tighten. Although I am bullish the Bakken going forward, other areas may be better like the Utica and Marcellus. Rex Energy (NASDAQ:REXX) could see 2014 production growth over 50% as Butler County...

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