When I became interested in the Bakken a couple of years ago, I was trying to figure out how to track information. I could have done it on a "Word" document but that just didn't work.
I had some experience with website development in a previous life, and I thought maybe HTML would be a great way to help me keep track of the Bakken.
"Blogger" application allows one to control who visits the website, and I could have kept the site completely private, or required a password to access.
But I thought it would be rewarding to open the site to any who might share an interest. The site was supposed to be educational only. I had no plans to introduce "investing" into the site.
But it didn't take long to realize that for me it was impossible to talk about the Bakken for any length of time without talking about investing. And so there's a fair amount of investment talk on this site. I try to make sure such talk is clearly identified as "investment" talk.
My readers have made all the difference in the world.
As an example, here's just one little piece of trivia that I would have missed had it not been for a reader. I had not looked at KOG's key financial statistics for quite some time until someone pointed out that KOG's price / earnings ratio (P/E) was 400. That's incredible. Ridiculous? Maybe. But I had long lost the bubble (no pun intended) on KOG's P/E. So, it was nice to have a reason to go back and look at KOG's key financial statistics.
I was blown away! KOG's forward P/E for the year ending December 31, 2011 (that's just ten months from now) is 15. A forward P/E of 15. Money in the bank.
It's Friday night, baby,
Get ready, set, go ...
You look better than money in the bank...
I met a man who invented a money machine...
He said he would give me the machine
If I gave you up...
I just looked him in the eye
And I said no thanks.
You look better than money in the bank.
[Note: this is not a recommendation; it's just a bit of fun on a Friday night.]
