Thursday, April 7, 2011

Motley Fool, The President's Energy Program, and How The Bakken Fits In

MotleyFool.com has another superficial article with regard to energy, but its headline caught my eye:
Perspective on Obama's Energy Program
I was not aware that President Obama had an energy program. I know he made an energy security speech and that he wants utilities using coal to go bankrupt, and he is against off-shore drilling, but being against "stuff" is not a program. He does have a wind energy program, but I don't consider that an energy program.

Having said that, I was quite surprised to see two Bakken-based companies highlighted by MotleyFool alongside a behemoth like ExxonMobil in that article.

The two Bakken-based companies that were highlighted: Kodiak Oil and Gas and Continental Resources. There is a huge difference between KOG and CLR compared to XOM, and there's even a huge difference between KOG and CLR.

In addition, the article mentioned Denbury, a player getting bigger in the Bakken, and Linn Energy, a relatively new entrant into the North Dakota Bakken.

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