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Tuesday, July 5, 2011

SeekingAlpha: Introduction To Investing in the Bakken -- North Dakota, USA

Part I: Introduction To Investing in the Bakken.
Part II: Three "leading" companies in the Bakken.

This is a great introduction for newbies, and a great review for "old hands."

I agree with most of the article, though the author favors companies in the Bakken who look for high IPs, and strong production the first year (like BEXP) and quick payback, as opposed to long, steady production. I've blogged about this before.

All things being equal, I prefer BEXP's strategy, although time will tell if that strategy is the best. IPs and production numbers the first six months are only two data points among many in the oil patch.

The writer discussed three "leading" companies in the Bakken: CLR, WLL, and BEXP.

It seems like "everyone" is now writing on the Bakken. Most limit themselves to the oil exploration and production companies. It would be nice to see a few more articles on oil service companies in the Bakken. 

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