For Investors Only: Bakken Operators; Hess Increases Dividend By 150%; CLNE Expands

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Zacks is reporting:

Hess Corporation has increased its quarterly common stock dividend by 150% to 25 cents per share. The new dividend will be paid on Sep 30, 2013 to shareholders of record as of Sep 16. The company had paid a dividend of 10 cents in the previous quarter.

Bret Jensen on Oasis: 

Regular readers of these columns know that I am a big bull on a good number of E&P concerns on the back of the huge domestic oil & gas production surge within the United States over the last 6-8 years. I own and have written extensively about a variety of smaller plays among these producers over the last two years. Bakken producer Oasis Petroleum is a stock I have owned and written about since April of last year.

Oasis is up better than 40% over that time frame to better than $43 a share. However, I still believe this fast growing producer has further upside. The company just made a significant purchase and has had received some very positive actions from analysts. It seems an appropriate time to revisit its investment thesis.

SeekingAlpha on HK, Oasis:

With the bull case having already been stated over the past few months for the sector, we are not surprised at all that names such as Halcon Resources - and a company which we hold a position in - and Oasis Petroleum  have been trending higher. Oasis has seen a move which has been more prolonged based off of the positive happenings the company has been experiencing in the Bakken area. Halcon however had been in a downtrend which saw shares really get hit when the company announced a secondary equity offering and debt issuance. We were bullish then and remain so today. Yesterday's 3.60% move higher in the company's shares indicates that the shares are still alluring to investors and are pretty attractive when compared to other names in the sector right now.

The move by Oasis to add to its Bakken position by buying roughly 161,000 net acres is a real positive. The company has a good balance sheet and a focus on the 'oily' assets which we like to see. Although the deal will not see Oasis increase the production on the acreage they are acquiring this year, watch for it in the future as they take on two rigs which are currently drilling and expand upon their exploration efforts moving forward across the entire play. The company expects to add 2-3 rigs to the total now being run across their acreage and that which they just purchased next year.

Steve Zacritz on Triangle Petroleum:

In mid August, Triangle Petroleum announced a McKenzie County, ND core acreage acquisition to be funded by public and private offerings. We liked the deal then and wanted to walk through the pieces as TPLM remains one of our largest Bakken positions and one that remains cheap to its peers (you almost get the acreage, its in-house frac spreads and its midstream segment for free at this point just based on production value).

Clean Energy Fuels awarded multiple natural gas fuel agreements in the state of Missouri over the last few weeks including yesterday's approval by the City Council of Kansas City to provide compressed natural gas for the city's fleet of natural gas vehicles.