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OilStockReport

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OilStockReport

Re: ChitForBrains post# 8

Monday, 11/07/2011 11:05:52 PM

Monday, November 07, 2011 11:05:52 PM

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SM Energy (SM) has 204,000 net acres with Bakken/Three Forks exposure.

It has three rigs running in the area. Of its $1.55 billion 2011 cap ex program, SM will spend $190 million on the Bakken. SM Energy is more levered to the Eagle Ford than the Bakken, but it had a very good second quarter.

I believe this trend will continue. SM plans to spend an additional $185 to $205 million on the Bakken in 2012. This is a very good company with a conservative balance sheet and has been beating estimates.

This is not a securities offer or any kind of investment advice. You can lose all your money investing in stocks.

Are You READY For The $200 Oil BOOM? Join the discussion: http://investorshub.advfn.com/boards/board.aspx?board_id=21808

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