Small Cap Bakken Stocks: Watch Them Like a Hawk
With the recent acquisition of Brigham Exploration, there has been a spark of interest back in the Bakken. Small cap stocks are seeking some increased interest and benefits from this buyout. We like small cap stocks in the oil industry, and at this moment you should too. Michael Filoon dives deeper into the details of the small cap stocks you should be watching closely.
Oasis (OAS) is another Bakken play that deserves some attention. It has 303,000 net acres in the Williston Basin. Oasis is a better value than Kodiak, but it recent performance has not been as good. It has been improving and is currently starting a well service company. It will be interesting to see how much this will cut company costs. Statoil’s purchase of Brigham does not only effect Kodiak and Oasis, but smaller players in the Bakken as well. Here is an update of the Bakken and the players working it.
Eternal Energy Corp. (EERG.OB) has acreage in the North Dakota and Canadian Williston Basin. It is currently merging with American Eagle Energy (AMZG.OB). This merger will create a $37 million company. These companies have been focused on Divide County, North Dakota.
The Bakken is staying strong with all the company action taking place up there right now. These few small caps could be looking really strong before you know it.
Quotes taken from report by Michael Filloon, Read the entire article here.
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