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Bakken Update: What To Buy In 2012
by: Michael Filloon January 1, 2012

The year 2012 could be a big one in the Bakken. Many of these names are cheap based on $100 oil, and if there is some certainty gained from Europe, these names will carry a higher valuation. The price garnered from Bakken oil will trade higher as demand in the United States rebounds. More importantly is the pipeline from Cushing to the coast. If and/or when this is completed, WTI will trade closer to Brent, and Bakken oil will trade with WTI. Looking at the Bakken names, several look good through next year. Last year was a good year, starting with Samson (SSN). On January 17th, I wrote Samson Oil & Gas: Currently Undervalued Even In The Most Pessimistic Scenario. Samson was trading for $1.95/share and in two months it hit a high of $4.75. Brigham was the second name I was bullish on, which was purchased by Statoil (STO).

Interesting Lets see LWR