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Michael Filloon  

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  • Bakken Update: Third Quarter Review Of Key Players [View article]
    sonetirot,
    I am glad we both made money.
    Nov 8, 2011. 11:00 PM | 2 Likes Like |Link to Comment
  • Bakken Update: Third Quarter Review Of Key Players [View article]
    Jeep,
    I agree and will venture to guess that all of the small to midcaps will be bought out of this play at some point in the near to moderate term.
    Nov 8, 2011. 11:00 PM | 2 Likes Like |Link to Comment
  • Bakken Update: Third Quarter Review Of Key Players [View article]
    Fracjob,
    It very well could happen, the third quarter conference call was a nightmare, but I think oil prices will continue to rise, and with more cash flow they could get things in order. I am just disappointed in what management has done to shareholders. I don't own any of the stock, but those who did were expecting something very different
    Nov 8, 2011. 10:58 PM | 3 Likes Like |Link to Comment
  • Bakken Update: Third Quarter Review Of Key Players [View article]
    I hope you get one too, I will buy back the shares I sold at $7.
    Nov 8, 2011. 10:54 PM | 2 Likes Like |Link to Comment
  • Bakken Update: Third Quarter Review Of Key Players [View article]
    Bob,
    I thought NFX looked real good after the pullback. It seemed the move was to severe. Once they get their costs under control the stock will really start to move.
    Nov 8, 2011. 10:53 PM | 2 Likes Like |Link to Comment
  • Bakken Update: Third Quarter Review Of Key Players [View article]
    Anthony,
    I agree, but EOG would be a much more reliable company with respect to growth. Long term this stock could be huge.
    Nov 7, 2011. 10:37 PM | 1 Like Like |Link to Comment
  • Bakken Update: Third Quarter Review Of Key Players [View article]
    dkn,
    I cannot say for sure, but do not believe either of these companies do there own completions. They sign long term deals for frac crews to keep costs down.
    Nov 7, 2011. 10:35 PM | 2 Likes Like |Link to Comment
  • Bakken Update: Q3 Results [View article]
    trin,
    I hope they blow earnings out. I think they will beat.
    Nov 7, 2011. 03:55 PM | 1 Like Like |Link to Comment
  • Bakken Update: Q3 Results [View article]
    Thanks Bill,

    When I started this research, I didnt think it was going to be this good (with respect to KOG results). I wonder how these wells stack up to the 5000+ IP rates from the Ross wells at 180 days.
    Nov 7, 2011. 03:34 PM | 1 Like Like |Link to Comment
  • Bakken Update: Q3 Results [View article]
    Steve,

    This would be a better question for Bill, but I think KOG is fine through next year given the new credit facility. KOG is my largest position in my portfolio now that BEXP has been sold. I have a small position in TPLM, based on my belief the company is a value.
    Nov 7, 2011. 03:33 PM | 1 Like Like |Link to Comment
  • Bakken Update: Q3 Results [View article]
    Thanks Jeep,

    I should have another article out in the next day or so. There are a few interesting points on well costs, plus some new resource estimates. There is something real interesting happening in this Twin Valley Field. I can't wait to hear more results.
    Nov 7, 2011. 03:23 PM | 1 Like Like |Link to Comment
  • Bakken Update: Small Caps, Part VIII [View article]
    Thanks for reading, glad to see you really benefitted from BEXP.
    Nov 6, 2011. 05:05 PM | Likes Like |Link to Comment
  • Bakken Update: Small Caps, Part VIII [View article]
    ash52,

    I would run away from the stock as fast as I could. The management of this company over promises and under achieves, but at least they are consistent. There are a lot of other companies with much better prospects going forward.
    Nov 5, 2011. 06:56 PM | Likes Like |Link to Comment
  • Bakken Update: Small Caps, Part VII [View article]
    Bill,
    Where does GPOR start to look appealing. I had owned this name after you recommended it, but sold it for a profit and missed my chance to get back in. I have been watching GEOI, but have been disappointed with their well results in both the Eagle Ford and Bakken. Do you think these results are due to their learning and getting comfortable in the play, or is the acreage not that good? I think we feel the same as you do about KOG. How do you feel about CJES?
    Nov 5, 2011. 06:48 PM | Likes Like |Link to Comment
  • Bakken Update: Small Caps, Part VIII [View article]
    donmlp,
    We are starting to see smaller names get squeezed and I do think this will get much worse before it gets better. These smaller companies have reported they believe zipper fracs will help with this, but with the ramp in drilling it will not decrease enough time to stop further appreciation of costs in the short to medium term. I think everyone should own one or two oil service companies that are levered to pressure pumping because of this. Brigham sold out because it saw how difficult it would be to counter these costs, and that is part of the reason they took the amount they received. I think the smaller companies with good acreage are the best way to go. Companies with northwest Dunn, northeast McKenzie and Mountrail acres will outperform, and will get bought. KOG is my favorite because I believe its acreage is alot better than anyone knows, and I think they will get bought sometime late next year. I wouldn't be surprised if the buyer was XOM (I think XOM will buy multiple companies here). The company I like that has very little chance of getting bought is NOG, which will be insulated from those extra cost to a certain extent. WLL just became real attractive with its huge McKenzie County well. Look for their costs to increase though. OAS should do well, but they have not managed their costs well and are just starting to get some nice completions.
    Nov 5, 2011. 06:20 PM | Likes Like |Link to Comment
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