I probably will not post much about investing in Bakken companies during the current period of extreme volatility in the stock market.
Companies operating in the North Dakota oil patch reported outstanding results in the second quarter of 2011, a quarter in which, frankly, I thought would be a problem: the flooding was atrocious in North Dakota and affected oil production. Right now, these companies would be celebrating new highs in their share prices, but like the rest of the market, many of them have been caught up in the volatility. Their current share price, or market cap, does not reflect what these shares, or companies, will be worth a year from now.
On a day when the market has another huge slide, two things: a) the price of oil is up, now down; and, b) shares in Bakken oil companies are rising.
So, I will let this play out before posting a lot more on investing issues.
Having said that, here is one: Motley Fool has noted Samson Oil and Gas; and, Double Eagle Petroleum, are now on its radar.
Good luck to all.
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