Two Bold Bakken Picks
Although I am cautious on the market overall, I still search for good growth plays to play on any decent pullback. One area I continue to like is the small exploration and production names in the Bakken shale region.
Asset sales and acquisitions continue to be robust as the majors seem keen to pick up acreage here. Infrastructure is getting built out and got a boost by the announcement yesterday that Triangle Petroleum (TPLM) will form a joint venture with Caliber Midstream Partners to build pipelines and natural gas-/oil-gathering systems in the region. As this infrastructure comes on line, margins for the exploration and production companies will improve. These companies also continue to move more production to higher-priced oil and liquids....382 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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