A major reason for the strong performance of WCAT is top holding is Brigham Exploration which is trading at an all-time high. The stock is a play on the thriving Williston Basin that is located in North Dakota and Montana. BEXP has interest elsewhere, but its main focus is on the gas-rich basin. The stock is a play on the continued success of drilling, but not as much of a fundamental play due to a high forward P/E ratio of 30. Technically the stock is very strong.
Tuesday, February 15, 2011
Investing In Wildcats -- A Shout-Out to BEXP -- Bakken, North Dakota, USA
Link here to interesting article at the Investopedia site.
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