Bakken Update: Merger Creates Bakken And Eagle Ford-Focused Small Cap

By Michael Filloon: I personally recommended buying Earthstone (ESTE) back in August of last year. There were several reasons, as this Bakken non-operator had made some good changes. It had placed dollars in several areas in North Dakota and Montana. After seeing the results, it decided to focus on Banks Field. This area has excellent […]

Bakken Update: Bonanza Creek Is Up Over 20%, More Potential Ahead

By Michael Filloon: Bonanza Creek (BCEI) may be the best way to play the Niobrara. It had value into earnings, after notifying its CEO was retiring. This wasn’t good news, but it didn’t justify the pullback. There are several reasons to like Bonanza, but it became much more appealing after quarterly miss. This worsened during […]

Bakken Update: Triangle Petroleum May Have 43% Upside In 2014

By Michael Filloon: Triangle Petroleum (TPLM) continues to be one of our favorites for 2014. There are several reasons, but its integrated model is the most intriguing. Triangle provides all of the advantages to investment in a small cap, but also provides benefits from its integrated model. As a small cap it provides significant growth […]

Bakken Update: Recent Kodiak Completions Model 1000+ MBoe

By Michael Filloon: Kodiak (KOG) is one of the more interesting names in the Bakken which has built a large number of locations; these are in some of the best areas of North Dakota. This has come at a stiff price as Kodiak continues to outbid other operators, in hopes that Bakken real estate increases […]

Bakken Update: Frac Sand Pricing Could Go Parabolic In Q3 2014

By Michael Filloon: Demand continues for frac sand in the United States. In 2013, significant supply hit the market. This decreased average pricing. Current expectations are for a pricing rebound, as demand is increasing. Although we are seeing an overall decrease in the number of rigs drilling in the U.S., frac sand intensity continues to […]