Investors: Opportunity to Buy the Bakken During the Pullback -- SeekingAlpha

Link here. Companies listed: MRO, BEXP, KOG, WLL, EOG

Marathon's purchase of Hilcorp shifted attention from the Bakken to the Eagle Ford. At $25000/acre, or approximately $21000/acre plus current production, companies are willing to pay more for Eagle Ford acreage. Marathon paid a premium for a large acreage adjacent to its current leasehold. This decreases costs, but the main reason is the Eagle Ford's multiple pay zones. Marathon will have more net locations when comparing its Eagle Ford and Bakken acreage.

Interestingly enough, last week Jim Cramer emphatically told a caller to get out of Marathon. He said MRO had had its run and was time to get out. My hunch is that Cramer will be back into MRO before the end of the year. Cramer is a bit schizoid: he is a momentum player during some parts of the show, and he is a long-term conservative investor in other parts of the show.