I was out in the Bakken today and hope to have more pictures posted by the end of the week.
If anyone doubts the "reality" of the Bakken, he/she needs to take a drive around the area. The unit trains themselves are incredibly impressive, and they haven't even built all the crude-by-rail loading facilities. My dad could not believe the number of tank cars -- stretching a long, long way, and often side-by-side on sidings. Even in the areas that are "slow" -- like the area around Sidney, Montana -- is busy, busy, busy.
I was told that Harold Hamm, CLR/CEO bought almost 100,000 shares of CLR stock last week (September 8 - 9, 2011); I haven't had time to find the link, but it's a very credible source. Trust me.
It is so busy in the Bakken, Williams County commissioners finally had to put a moratorium on man-camps. I have mixed feelings on that, but I'm not going to wade into this issue. There are issues on all sides.
Cramer just referenced this (a little before noon today Weds. 914) saying Mr. Hamm purchased 100,000 shares of CLR.
ReplyDeleteThank you for the confirmation.
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