With the massive oil discovery in the Bakken Formation, wich company is better position to take advantage?

Answers

rvilmur answered a question in Energy and Industrials.
989 points

rvilmur answered one year ago …

BEXP, Brigham Exploration has a large acreage position over the Bakken formation. Because the Bakken formation has hard to extract oil requiring horizontal drilling, the extraction process will be relatively slow but long lived. If you believe in peak oil and high oil prices in the future, this company will be a good long term play.

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tlune answered a question in Energy and Industrials.
150 points

tlune answered one year ago …

Take a look at Kodiak Oil and Gas (KOG). It's speculative, but so are most of the other companies looking to drill the Bakken formation. It's in good shape financially, which will enable it to keep going long enough to complete its exploration programs. Still well down from its highs and starting to move up...

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