I wouldn't pay any attention to this one.
The first tip-off is the headline: Great ready for the big one -- Bakken flooding coming this year.
"Great ready." Say what?
On a more substantive basis: suggesting that the Bakken might flood because the Red River might flood this year is inanity. The writer has no clue. Not even worth saying anything more. Most likely the writer is shorting Bakken stocks.
For newbies, a very, very wet spring in the Bakken will make things difficult, for about a month. And roads are always a problem. But the Bakken will do just fine. Unlike Libya or the Mideast, I don't expect to many wars or terrorist events in the Bakken. Unlikely, as well, is an off-shore oil spill. There are plenty of things to worry about when investing in the oil and gas sector. Worrying about the Missouri flooding is not one of them.
By the way, when someone talks about flooding in the Bakken, it suggests to me the individual does not know much about the Bakken. A much, much bigger problem impacting increased oil production is inadequate natural gas takeaway capacity. Oil companies have to choke back production if they can't get their natural gas into the pipeline.
