I personally recommended buying Earthstone (NASDAQ:ESTE) back in August of last year. There were several reasons, as this Bakken non-operator had made some good changes. It had placed dollars in several areas in North Dakota and Montana. After seeing the results, it decided to focus on Banks Field. This area has excellent geology and Earthstone has a very good operator in Statoil (NYSE:STO) making the deal better. I have been very happy with the call as Earthstone is up 112%, but have seen much of this appreciation from a recent deal with Oak Valley Resources. I would be surprised if many have heard of either company, but this combination provides upside to both companies and investors...
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