Companies mentioned: Total, NOG, Whiting, CLR, and Oasis.
The article is extremely superficial. The company overviews are very, very superficial and have a sense of being very old news. One almost gets the feeling the writer has just "discovered" the Bakken.
I was surprised to see NOG mentioned among the group of five.
For me, the credibility of the writer was lost when I read the following:
Northern Oil and Gas also acquires crude oil and natural gas properties, in addition to smaller operators in this area. In my opinion, the company's assets have and will continue to grow in value as this 'hotspot' (Bakken Shale) in the industry continues to produce results. The U.S. Energy Department estimates that the area contains enough natural gas to meet the country's demands for the next century.I am not aware that the Bakken Shale has enough natural gas to meet the country's needs for the next century: that means the Marcellus, Haynes, Eagle Ford, and the Utica are superfluous, I guess.
I have said many times the president said the US has enough natural gas to meet the needs of the US, but he was referring to the entire US, not one field; in addition, the reality is that the president was exaggerating.
Worse, the Bakken is not known as a natural gas play; it's an oil basin.
It's nice to see these Bakken companies mentioned in a SeekingAlpha.com article, but this article misses the mark on many, many levels.
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