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Involved in the oil and gas industry, active investor and realistic about the market. Avid follower of oil, natural gas, gold, and silver. I don't exactly always follow others' ideas and firmly believe you should be able to make your own decisions, but if I can help you or if you have some solid... More
  • 10 Bakken Shale Stocks, 2010 Guide 2 comments
    Aug 6, 2010 9:28 AM | about stocks: OAS, COP, WLL, CLR, AXAS, AOIX, KOG, USEG, STO, SM, CRZO, DWSN, BRNC, MRO, XOM, NOA
    Had a few minutes to spare so I figured I would give a run down on what is going on out here. Enjoy if you like oil.
     
    1. Oasis Petroleum LLC (expanding rapidly has tons of acreage in Bakken and Three Forks sweet spot, earnings and coverage next week best to get in on any dip) Has the best potential to be more valuable than current prices.

    2. QEP (seperated from Questar now the oil and gas only, no pipeline.)

    3. KOG (Kodiak Oil and Gas)- On Ft. Berthold Indian reservation small-cap driller is expecter to be a buy out target or grow substantially in coming years.

    4. VYOG (Voyager Oil and Gas)- Is run by CEO of NOG, his brother is CEO in title. They do have some huge acreage that will be valuable in the future. Worth at least a $5 stock if oil levels remain elevated. Relatively unknown.

    4. Whiting Petroleum (NYSE:WLL)- Not unknown but upside might be capped, strong production and plenty of money.

    5. EOG Resources- Tons of Bakken acreage, profit. Upside might be limited though at this price, $102. One of the major players with money to push their leasing.

    6.. Exxon (NYSE:XOM)- Seperate arm XTO has a good position in Bakken formation. Exxon should be $80 at least.

    7. CLR (continental Resources)- Has large amounts of acreage, rigs, and drilling schedule. Profits should be steady and large.

    8. Marathon Oil (NYSE:MRO)- Good safe play, has acreage near ours on the reservation and has the money to be involved in several other plays.

    9. Conoco Phillips (NYSE:COP)- Undervalued, good long term hold. Very diversified and integrated.

    10. AXAS (Small cap spec. play)
     
    Others: American Oil and Gas (AEZ, getting bought out), USEG (relatively new, good potential for gains with wells producing large pumped up results), Carizo Oil and Gas (CRZO, getting some good analyst love but not sure of their location), BEXP (Neutral and not interested in buying, run up too much already and well results are based on shoddy figures.) SM Energy (formerly St. Mary's).
     
    Also seismic companies are still lagging in value, Dawson Geophysical (NASDAQ:DWSN), Bronco Drilling Company (NASDAQ:BRNC), and others. On shore seismic and well equipment company's have been damaged by the "BP" effect.
     

    Disclosure: Long OAS, KOG, VYOG.
    Themes: USO Stocks: OAS, COP, WLL, CLR, AXAS, AOIX, KOG, USEG, STO, SM, CRZO, DWSN, BRNC, MRO, XOM, NOA
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Comments (2)
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  • Gene Andrews
    , contributor
    Comments (281) | Send Message
     
    I concur regarding XOM.

     

    On 6-25-10 a block of 25,589,700 shares traded @ $59.10. This is huge. XOM may trade at its current levels a bit longer but I also see the price advancing to $80.00 although I would be looking for the exit at $75.00.

     

    Another good call on your part.
    12 Sep 2010, 12:03 PM Reply Like
  • kolz
    , contributor
    Comments (39) | Send Message
     
    I disagree with you brief analysis on BEXP. They are a large play, have some great hits and are solid in the Bakken. They are set to move and are solid here.
    29 Jan 2011, 11:24 AM Reply Like
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