Has Wall Street Finally Discovered The Bakken?

Related links: is something going on with Oasis? At that link, there is another link; be sure to follow that story also.

Now, another story suggesting that Wall Street has finally discovered the Bakken: every investor should own oil shale stocks at SeekingAlpha.

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or anything you think you might have read here. 

Whilst GS's remarks, and their mention of some specific stocks, were received positively by the Street, the firm was only confirming what many followers of the shale oil drillers have known for some time - that the best oil shale drillers are set to enjoy many years of strong and increasingly profitable growth.

Indeed, Goldman's comments are not optimistic. Industry insiders would argue that Goldman Sachs and many other analysts don't typically highlight the real strength of the multi-year growth model that's driving the business. True, it is becoming generally known that efficiency and savings from pad-drilling, upgrades to completion techniques and improvements in down-spacing are all combining to propel growth over the coming years. Many analysts are now incorporating these factors into their assumptions and estimates. However, what the analyst community has yet to bring into the public domain is the fact that, on top of these various positives, there is a new game-changing fracking methodology in town. This will be looked at later.

 This story and others like it explain to me why The Oil Drum went belly up. It also is one more nail in the coffin in those skeptics who got the Bakken wrong.