BEXP Brigham Exploration

I knew if I stuck with this stock long enough, it would pay off. This week, more oil deposits were discovered in the Three Forks area in North Dakota. This is especially encouraging for companies like my XTO and CHK but even more for my BEXP. They have determined they can drill about 2000 bpdoe and is the strongest Three Forks Well to date.

This discovery prompted a quick upgrade by Keybanc and Raymond James to "strong buy" along with a quick 30% increase in stock price in 2 days.


Here's some basic math:
with oil @ $55.00
new well @ 2000 bpdoe
2000 bpd @ 55 $110,000
365 @ $110,000 = 40 million

Of course, you also have to figure in depreciation of the well along with royalties to those who own the mineral rights ( and of course, what the "greenies" in Washington decide to do ) but still...........

I also think natural gas prices are starting to bottom out which will help BEXP as well.

http://www.breitbart.com/article.php?id=D99EAOH01&show_article=1

Goldman Sachs and the economic mess

http://zerohedge.blogspot.com/2009/06/goldman-sachs-engineering-every-major.html

Very interesting read. No wonder most of Obama's appointees come from Goldman Sachs. A little pay back goes a long way.

Gold, Energy and Mickey D's

Energy has been HOT for the last few months. Wasn't oil at $30 a barrel just a few months ago? It's now in the low $60s. Which explains the nice gains in my energy stocks especially BEXP, APC and SLB. I've also enjoyed watching NAT climb its way back to the mid $30's while paying me a nice 10% dividend to wait it out. The dividends it has paid has more than made up for my initial capital loss. I've also noticed more buying of HGT which pays out a divided every month. They are a royalty trust for XTO ( which is also doing well ) so the interest buying going on makes me think people are getting a little more confident in the sector and anticipating higher dividends from HGT soon.

AUY has done great since my last purchase when it dipped to $7.50/share. Gold has gone up nicely and I expect it to go up even more from here. I'm also contributing to my metals fund USAGX on days gold is down. My husband bought a 50g Suisse bar on his trip to Dubai. I'm thinking physical gold is a pretty good thing to have on hand too.

Then there's MCD. They got a nice upgrade last week with a new target price of $65/share. This is another stock I've held on to and enjoyed the $2.00/share annual dividend payout just to wait it out.

Nice rally from 6500!

And my AUY ( Yamana Gold ) finally pulled back down far enough to execute my buy order at 7.50. Let's see if it holds.



My big winner this week was GNK ( Genco Shipping ). It rode the coat tails of an upgrade for DRY ( Dry ships ). They report earnings on the 30th and I think GNK might have legs enough for a little more upside then I'll take some off the table with a tight stop and let the rest ride.

Every once in a while

I get a call right.

I put in a buy order to purchase BEXP at 1.20 which executed on 3/12.

Today, it's up 38%!

I love it when a trade comes together.

Of course, my buy order for CHK at 16.00 missed being executed by 0.13. As well as my AUY at 7.50 which missed by 0.05. Could have been an easy 10% profit trade.

ETA: Nice 2 day double! Kicking myself about CHK and AUY. Ugh.

The Formula That Killed Wall Street

Interesting read courtesy of Kirk's global economics class:

http://www.wired.com/print/techbiz/it/magazine/17-03/wp_quant

Back from the dead?

Could they really be bringing back the uptick rule!?!?!?


Be still my trading-loving heart!

Of course, the announcement came from Barney Fwanks office. So, take it for what a hypocrite's worth.


I have some shopping to do........