Could There Be A Chance That Bakken-Centric Companies Are Undervalued?

I posted this earlier:

Second section, front page: the beginning of a long article on Petrohawk. Fascinating. This story alone is worth the price of the newspaper today. Petrohawk is credited with discovering two of the bigger fields in Texas' Eagle Ford, and paid about $400/acre. MRO is in an Eagle Ford deal, now, in which it is said is worth $44,000/acre.  (For Bakken folks, the better Bakken is certainly as good as, if not better, than the Eagle Ford, on an acres-to-acres comparison. I think in Whiting's corporate presentation they say the average price they paid for their Bakken property is under $800/acre. I could be wrong on that, and the average price will melt up as Whiting acquires more Bakken property.) Do you think some of the Bakken-centric companies are undervalued? [Note: Don says that in a recent Whiting presentation, Whiting acquired its Bakken acreage at an average price of $479/acre.]

This is too big a story and too interesting to be lost: the link to the original story is here.