With the exception of HK and EOX, I remain bullish on all these stocks. Based on the increasing debt and capital intensive shale plays, I believe there will be better entry points to come. These entry points will likely show themselves post Q2 and possibly Q3. Since, Q3 losses will bring the quarterly loss reports to a year's worth (Q4 2014 through Q3 2015) for most companies, which in turn will bring bigger discounts.
In the meantime, I recommend increasing your holdings little at a time until you find your comfortable entry price.Cattle call?
And They Say Housing Is Expensive In The Bakken
What $400,000 Will Get You In Los Angeles
The Los Angeles Times is reporting (if the link breaks, this is not a joke; serious as a heart attack, as they say):
Not every home in Los Angeles County goes for $1 million-plus. Here's a look at a few single-family homes around L.A. that are available in the low $400,000s.
I'm going for the hardwood floors as a feature, and the corrugate metal siding as ... a conversation piece.GLASSELL PARK: Built in the 1930s, this refreshed, two-bedroom home features restored wood floors and an updated kitchen.
Address: 4040 West Ave. 40, Los Angeles, 90065
Listed for: $429,000 for two bedrooms, one bathroom, 1,091 square feet (6,500-square-foot lot)
Features: Arched doorways, updated kitchen and bathroom, new electrical box
About the area: In the 90065 ZIP Code, based on 359 sales, the median sales price for single-family homes in 2014 was $545,000, up 11.2% from 2013, according to CoreLogic.
SAN PEDRO: Corrugated metal siding and colorful hues keep the eye moving at this 516-square-foot bungalow, originally built in 1907.
Address: 3110 South Carolina St., San Pedro, 90731
Listed for: $405,000 for one bedroom, one bathrooms, 516 square feet (2,500-square-foot lot)
Features: Hardwood floors, lofted bonus room, turreted window seat
About the area: In the 90731 ZIP Code, based on 217 sales, the median sales price for single-family homes in 2014 was $491,000, up 12.9% from 2013, according to CoreLogic.