Thursday, March 24, 2011

Nice Overview of The Bakken -- Seeking Alpha

Very, very nice overview of the Bakken on SeekingAlpha.com for "newbies," and perhaps, seasoned investors. Of particular note, among CLR, WLL, Hess, etc., the writer highlighted Denbury which caught me by surprise.
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2 comments:

  1. Old OilMarch 24, 2011 at 5:48 PM

    Nice article but either his research is poor or he has been living under a rock. His comments on hess are 2 years old.8 8 rigs/should buy some small co's.

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  2. Bruce OksolMarch 24, 2011 at 6:13 PM

    Good catch.

    I posted this back in February (2011):

    February 22, 2011: Rig count -- Hess, 7; American Oil and Gas, 9; and Tracker, 4. They are all part of Hess now with Hess acquiring Tracker and AEZ (assuming Tracker = TRZ).

    At the time I posted that I was not sure what the relationship was between Tracker and TRZ, which Hess bought.

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