As stated in past posts, BEXP used their Q1 call guidance wisely, building Basin power outages in April into their near-term thinking. Most of the Street is likely to be sitting on the mid or just under it as the weather has not exactly been a quiet issue, first with snow melt and then with inordinate rainfall which eventually led to widespread road closures. But here's where BEXP shines in pointing out that while this may be a bump in the road, they haven't been simply wading about waiting for the great flood to recede ... and then the author provides four points....For investors, today is not the kind of day one looks at the value of one's portfolio.
The Gambler, Kenny Rogers: "... if you're gonna play the game, boy, you gotta learn to play it right. Know when to walk away, know when to run, you never count your money when you're sitting at the table. There will be time enough for countin' when the dealer's done ..."Today is the kind of day one looks at which shares are on sale. I personally use KOG as my "barometer" for the Bakken and when it hits $6.00 it's time to buy. Someone else suggested that to me, and trying to track all the other companies is way too hard.
The Bakken companies, unlike the farmers, are still putting in their seed corn in 2011.
2H11 will be outstanding for Bakken companies, and 2012 will be even better. But then I'm always looking through oil-covered glasses.
