Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes, Petrohawk. I bought into a little company back in the late 90's, called KCS, that's where I found Floyd, and stuck with him all the way up to HK's sale this year.... Made a Boatload!
I'll be watching for a pullback after today's bounce... then I'm in!
I'm glad to see you here too!
MB
Hi Johnsyn...
I don't know if you know who Floyd Wilson is, but I can tell you from experience, this guy knows what he's doing.
This can only mean great things are in Ram's future. IMO
I wish I had been watching this one.
MB
Here's a PR from Oct. 2011:
Helena, October 14, 2011/PRNewswire/---BAKKEN RESOURCES, INC. (OTCBB:BKKN). As part of its initial quarterly communication, management of BAKKEN RESOURCES, INC. (BRI or the “Company”) is pleased to share the following synopsis of significant corporate activity that occurred during the recently ended third quarter of 2011.
BRI continues to experience successful activity in North Dakota’s Williston Basin (commonly known as the Bakken region). The Company holds an acreage position in approximately 3,000 net acres in McKenzie County, North Dakota. As of September 30, 2011, public records disclosed by the North Dakota Industrial Commission (NDIC) show that the Company currently has ten wells in various states of operation on property which the Company has a mineral interest. Four wells are currently listed in “Producing” status, two of which are in the Bakken zone and the other two in the Madison zone. In addition, four more wells are listed in “Confidential” status. (A well that is listed in “Confidential” status is a well that was drilled and is likely producing, but the well operator (e.g. Continental Resources, Oasis Petroleum or Brigham Exploration) has not as yet released production information.)
For the quarter ended September 30, 2011, the Company has received royalty checks from certain wells, in production, in the aggregate amount of $76,751.
A full listing of BRI’s Williston Basin wells can be found on the Company website, www.bakkenresourcesinc.com. Such listing also contains the NDIC number for each listed well, allowing the user to obtain additional well information from the NDIC site (www.dmr.nd.gov/oilgas – note that some information requires a paid subscription).
BRI continues to add mineral acreage to its asset base. A recent press release announced the acquisition of mineral rights on approximately 1,100 acres around the Duck Lake region in Montana, an area generally referred to as the Alberta Bakken.
The Company continues to seek opportunities that are complementary to its core business. Management expects that its efforts to help ensure the creation of an orderly trading market continues into the current quarter. In addition to providing quarterly updates, management intends to always inform BRI’s shareholders and the investment community of corporate developments as they occur.
ABOUT BAKKEN RESOURCES, INC.
BAKKEN RESOURCES, INC. is an oil and gas exploration/exploitation and development company with activities currently focused on mineral leases in North Dakota and Montana. This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, including among others, statements and projections regarding BRI’s future financial position, operations, performance, business strategy, returns, budgets, reserves, levels of production and costs and statements regarding the plans and objectives of BRI’s management for future operations, are forward-looking statements. BRI typically uses words such as "expect," "anticipate," "estimate," "project," "strategy," "intend," "plan," "target," "goal," "may," "will" and "believe" or the negative of those terms or other variations or comparable terminology to identify its forward-looking statements. In particular, statements, express or implied, concerning BRI’s future operating results and returns are forward-looking statements. Forward-looking statements are not guarantees of
performance. BRI makes no representation of the accuracy of any information presented or derived from any third party sites or information.
For further information:
Joel F. Brownstein
Shareholder Communication
(917) 544-9108
Welcome!
This looks like a company to watch. As it's name indicates, it is located in the Bakken area about 12 miles south of Williston, ND.
This company has been in business since December 01, 2010.
Here is the company web address for you to check out:
bakkenresourcesinc.com
Here is a "BAKKEN" article I found posted on another IH message board:
Investors Need to Dig Into the Bakken Shale
The huge oil deposits there could be portfolio-changing investments
Dec 20, 2011, 7:30 am EST | By Aaron Levitt
For many domestic energy investors, the Marcellus shale formation in the eastern U.S. has been the premier play on the future of America’s energy independence. After all, the rock formation has some of the country’s richest deposits of natural gas and will represent a major source of supply for years to come.
However, the new drilling techniques known as hydraulic fracturing, or “fracking,” are also breathing life into another shale formation, the Bakken oil shale of North Dakota and Montana. It could be the biggest domestic oil discovery in the last 40 years. For investors, betting on this new source of supply could be a portfolio-changing event.
While first discovered in 1951, it wasn’t until recently that the Bakken shale formation really got cooking. As with many other shale rock formations in the U.S. and Canada, the increased adoption of advanced drilling techniques and fracking has allowed energy and production (E&P) firms to finally tap the rich energy resources locked in those rocks. According to the U.S. Energy Information Administration, production in the Bakken shale formation went from a mere 3,000 barrels a day in 2005 to more than 225,000 in 2010. In September, the region produced a record 464,129 barrels a day, putting it on a path to surpass OPEC member Ecuador in terms of production. Overall, analysts estimate that region could be producing a million barrels a day by 2020.
Billions of Barrels
Despite the jumps in production, the Bakken could be providing energy for long time to come. In 2008, The U.S. Geological Survey (USGS) published a report on the Bakken shale that shows the region holding around 4.3 billion barrels of oil that is recoverable with current technology. However, the report also said the region has total reserves in the range of 200 billion to 400 billion barrels. As drilling technology continues to advance, the Bakken could hold the key to America’s energy independence, job growth and economic resurgence.
And now, the Bakken is getting another boost in the way of a pipeline reversal. Enbridge (NYSE:ENB) and Enterprise Products Partners (NYSE:EPD) recently decided to reverse the flow of the critical Seaway pipeline to move more of the Bakken’s oil out of Cushing, Okla., to refiners on the Gulf of Mexico coast. Billed as the “pipeline crossroads of the world,” Cushing holds around 10% of the total U.S. crude inventory and is the major hub connecting Gulf Coast suppliers with consumers in the North. However, increased production in Bakken has caused a huge glut of oil at the storage deport. The pipeline reversal will enable this oil to finally be used.
Playing the Field
Given the Bakken’s outsize potential, investors should take notice. While major oil firms have recently taken a shine to the field — Exxon’s (NYSE:XOM) purchase of XTO gave it some acreage in the region — the majority of players are smaller firms. Of them, Continental Resources (NYSE:CLR) could be the king. The firm currently has 901,000 net acres in the Bakken and is expanding production from its wells. However, the E&P firm has tapped only about 15% of this acreage.
This leaves plenty of room for future growth. Shares of Continental can now be had for about $62.80, some $10 below their 52-week highs and with forward P/E of about 20. Similarly, Whiting Petroleum (NYSE:WLL) holds about 532,266 net acres in Bakken and has seen its share price sink over the last few months. Now around $44, Whiting can be had for a P/E of 11.
Some of the biggest gainers in the Bakken could be the smaller firms as the major oil producers look for takeover targets. Statoil’s (NYSE:STO) recent $4.4 billion buyout of Brigham Exploration is the most recent example. Kodiak Oil & Gas’s (NYSE:KOG) 155,000 acres in the region, along with Samson Oil & Gas’s (NYSE:SSN) Bakken exposure could become the top picks in a major firm’s acquisition strategy. Investors may want to consider the pair along with the broad Jefferies TR/J CRB Wildcatters E&P Equities ETF (NYSE:WCAT).
Bottom Line
While the Marcellus shale reigns supreme in many investors’ minds, the Bakken oil shale region has the potential to recast America’s energy fortunes. As drilling technology continues to improve, more oil will be recovered from the region, benefiting the firms that do business there — and the investors who make smart bets sooner rather than later.
Disclosure: Author does not hold any securities listed in this article.
INVESTORPLACE.COM
Yes, thanks Johnsyn.
You always come up with good intel for us on CAVU and oil & gas plays. I'm glad you're here!
MB
Go CAVR!
Johnsyn... nice article find.
I own a bit of Samson O&G which was mentioned. Too bad this article never showed up on Ya-who for SSN's benefit.
GO CAVR!
MB
Well this newest update makes it sound like there is hope for 2012...
That would be nice!
MB
AB...
I looked at the website around noon today, it was working fine at that time!
MB
Here's a laff for you V63,
I just checked my bank account, the funds (wire) went out of my acct., then turned around and went back into my acct.
I'm now headed back to the bank 'cuz they skeeerooood it up somehow!
MB
Yes V63, I sure did!
Just waiting for the check to clear, then I'm good to go.
I'm going to be watching for who the new customers are, it always takes a while to find out. My area was added to UBRG's contracts earlier this year.
Go UBRG!
MB
Adviser...
TD is NOT trading any UBRG, I've been trying them for a coupl-a-weeks and it's not happening, so I opened with Scottrade and hope to be able to buy UBRG by tomorrow (monday).
MB
Hi V63,
My Scottrade office is about a 20 min. drive, so I'm just gonna take a ride on Mon. & bring cash so I can get going pronto.
Thanks for the intel.
MB
V63,
Hmmm, ok, just curious 'cuz I opened an acct. online tonight (funding it on Monday), & I saw a line that stated trades are $7.00 on stocks over $1.00.... confusing!
Thanks!
MB
V63...
Can you tell me how much that Scottrade charges to online trade the penny stocks (anything under $1.00)?
I want to buy more UBRG and my Ameritrade won't do it.
TIA...
MB
Thanks for the DTCChill list!
Hey Johnsyn,
I found this article under one of my other stocks;
http://finance.yahoo.com/news/oil-150-becomes-biggest-options-142650324.html
MB
Yeah.... I'm thinking about transfering some $'s there.
MB
TDAmeritrade still not taking orders..... dang!
MB
Yes, BillyC,
There are always contingencies, but as a realtor, I see that agreement to say that the paperwork is in place and signed, so as long as all the regulatory and admin. & blah, blah, blah is approved, no one else can 'bump' UBRG.
I'm just hoping that this is a good thing for all of us; but mostly I'm hoping that danged chill will get removed...... PRONTO!
Dat 'chill' izza buncha "ch!tt"
;o)
MB
Hi BillyC,
from the last pr:
Universal Bioenergy Inc. (Pink Sheets:UBRG), an independent diversified energy company, announced that it has signed a definitive agreement for the acquisition of Whitesburg Friday Branch Mine LLC as part of its continuing plans for growth and expansion
Nice finish today!
MB
Carm, I hope you don't have your order set as a buy "all or nothing"...
I've made that mistake before, and it always screws up my ability to buy. Just sayin.
MB
It (news) finally posted on YMB.
Good morning Green...
Yes, I read it; I'm happy with what I see and I'm holding long&strong right along with you.
I'm waiting for it to show up on the YMB... nuthin yet.
MB
Willy,
You need to recalculate and move your decimal point over... for 1%, use .01
3.9 mill is equal to 10%, if the float is 39 mill.
MB
Well J, Let's see if I can send it north today... with a buy of 50k at the ask.
MB
Oop...just got some of that!
Now the ask is at .013
but, not before the rest of my order filled.
Go CAVR
Darn, looks like the ask dropped back to .o129 again... time to turn off the computer!
Amen Moond0ggie.... Amen!
MB
Yes J,
That is a sad start, but it's making me consider picking up a few more k's this morning... Maybe it'll get better thru the day.
MB
None of this bickering is constructive! either buy-hold or sell... you're all sounding like the dam(ned) politicians on TV.
BTW... I'm long UBRG, and I am happy with what I paid for this penny stock... If it wins... I win; if it looses... It didn't break me and I'll use it as a tax write off against other stock wins!
So please... give it a rest.
MB
Dirkie, I think you are right about that dump not being over...
my TDA page is showing someone trying to sell 400k @ .014
I wish they would get this over with so we can move forward with CAVR.
MB
LooooooooonG CAVR!
You're right Willy,
I had a standing low-ball bid, that I didn't think I would get, but it filled today and I'm a happy camper!
LoooooonG CAVR!
MB
Hey J,
I agree with you, it sounds like there's alot of boxers in a bunch!
MB
Hey J...
You crack me up...'dancing in the street' LOL!
Personally, I'm trusting in the future of this company, so I'm Loooooooooooong CAVR. But just in case, I've got a standing order to buy in @ a bargain basement, sidewalk sale, pre-inventory, everything must go - pps.
Go CAVU!
MB
Hey J...
I'd be willing to chip in a few bucks toward your vacation if it would really cause the pps to soar!!!
MB
Greens,
I hope you didn't add an e-mail address to that signature, if you did, you might never get ridda them. Just sayin.
MB
Hey "J",
Yeah, I don't agree with that penny bounce either.... BUT.... if it does, I've got my order in to snatch a batch. Always good to reduce cost average.
MB
Great, GreenSkies!
So you and I hold the 1st and 2nd *BUYS* for the day...YaaaY!
I just put in another bid, but way low. So I'm hoping to score another batch, but I'll also feel bad if CAVR drops that low.
Of course, I'm buying 'cuz I'm looking to the future, I don't expect an overnight run to $5, but maybe someday.......
GO CAVR!
MB
Dont take that 150k start up this morning as a SELL, that was me, with cash in hand, looking for someone dumb enuff to let me have their shares.
So mark that one as a *BUY*, and consider me a happy camper today!
GO CAVR!
MB
Green....
Never feel "small time"! Any investment that brings you profits... izza GOOD investment, and I believe that CAVU izza GOOD investment! Just my opinion Folks!
MB
I am buy #'s 7, 8 & 9 right after the open, while I was still sleeping! What a treat to wake up to! I placed my order after hours yesterday, when I saw that day's action; I didn't think I would get it, but..... YIPPY!
MB