Dan Dicker, Energy contributor at thestreet.com, talks with Brittany Umar about the changing market conditions favoring shale oil producers in the Bakken play of North Dakota. The prices for oil produced in the Bakken have been laboring under a very heavy discount for the last several years, a discount that is currently beginning to disappear. That means that Bakken producers are beginning to realize much better prices in the last few months than they did at the depths of the price crash. With oil rallying towards $60 from $45 and differentials dropping almost $10, realized prices have improved $25 a barrel which has so far gone under-appreciated in the shares of these Bakken players. Out of the biggest, including Continental Resources and Whiting Petroleum, Dicker particularly likes Hess.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.