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Tuesday, September 20, 2011

Motley Fool: Insiders Buying The Bakken -- Bakken, North Dakota, USA

Link here.

This Motley Fool paragraph is chock full of interesting tidbits; each phrase worth its weight in gold:
Maybe there's more than just coincidence in the fact that two Bakken oil shale plays, Continental Resources and Hess, are both seeing their CEOs buying large tranches of stock.
Continental, as the largest producer with 23 rigs, expects the Bakken to only grow in importance, estimating that the region has 24 billion barrels. With resistance to drilling growing in other parts of the country, the Bakken will be a linchpin in the country's onshore oil-production capabilities. It's why you'll find Kodiak Oil & Gas, EOG Resources, and many others targeting development there.
I wish I were 30 years younger. 

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