Whiting: Growth, Value, and Speculation in One -- SeekingAlpha -- The Bakken, North Dakota, USA

Link here.

To sum it up, Whiting Petroleum offers growth, value, and a speculation kicker all-in-one. The growth is in oil production and earnings. The value is in the acreage the company owns and the fact that its PE of 18.5 is modest considering the revenue, earnings, and production growth the company is delivering. The speculation play is that a Chevron or an Occidental Petroleum swoop in and buy the company for its Bakken/Three Forks acreage and for its engineering expertise.

After the sweet deal StatOil got on Brigham Exploration, and the resulting shareholder discontent, it's a sure bet that Whiting CEO James Volker won't sell out too cheaply. Yet, I'd be very surprised if WLL is still independent by 2015. That said, even if I am wrong about a buyout, the oil production growth rate of Whiting Petroleum and its current modest valuation profile means energy investors could well see some nice gains in WLL's stock for years to come.

Combine the above financial information with this posting on where Whiting's acreage is, and you get quite a story.