****
December 13, 2009: A "penny-stock" company is jumping into the Bakken fray. Ticker symbol CAVR.PK and recent price about 20 cents. Buying acreage in northeast Montana, looking for discovery well. The article is interesting for comments on "the Bakken," not necessarily as an investment. UPDATE: On Thursday, Jan 21, 2010, share price was down to 10 cents; the next day, Friday, Jan 22, 2010, the price slid another three (3) cents. January 24, 2010.
December 7, 2009: This is pretty incredible. Three oil companies are pursuing either the Bakken or the formation directly under the Bakken (Birdbear?) as far west as Browning, Montana. This is all the way over to the Rocky Mountains. The three oil companies: Newfield, Anschutz, and Rosetta Resources.
November 27, 2009: United States crude oil production for 2009 is on target to have its biggest one-year jump since 1970, according to a Platts analysis of industry data. With U.S. oil production averaging 5.268 million barrels per day (b/d) through October, the gain in U.S. output will be the most since the country produced 9.637-million b/d in 1970, which turned out to be the peak year of U.S. crude output. The article attributes much of this gain to the Bakken.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.