TWO interesting and different kinds of Dual laterals for the horizontal part of the wellbore.....very interesting....
PBKEF is using dual laterals where both branches are in the same horizontal plane in the same formation and almost look like a branches two pronged fork.
Hess also is using a dual lateral in the Williston Basin but they have one draining the middle Bakken and another lateral in the three forks with one vertical section.....like a an upside down bent straw that you would drink from but the bent section at two different elevations.
I think we will see that kind of cost reducing efficiencies in other plays where there are multiple zones llike in the Hogshooter and the other zones of the granite wash.
The technology being developed bu unique well designs can be used outside the Williston basin and I think you should also look for that when the Utica & marcellus is further developed, expanded use of it in the Bakken and I would not be surprised if it is already being used somewhere in the Granite Wash.
OAS was up around 6% today.
CLR is also up
TPLM is also up about the same % as CLR
WLL up but not as much
KOG is up a little
I went to look at Petrobakken in a little more detail.
They have about the same poroduction as when we were discussing it back in Oct of 2011 when Jack liked it and they sold off some assets since then.
Since he seems to be able to spot the near-bottoms of it & since he saw the double bottom at $6.42...I guess that it is something to look at....but there are much, much faster growing Bakken companies.
Also....do you know why they bought about 17% of two other small companies?
Just curious about why...since you never gave a reason other than there is a dividend/distribution.
And also NTI, since Filloon has NTI, KOG & TPLM as his top 3 picks.
TJ also picked NTI.
Zacks also....and even I like it after reading about it.
Northern Tier Energy L.P. (NTI) earnings ESP of +2.94% and Zacks Rank #1 (Strong Buy).
So what do you think that all of them are not seeing?
PBKEF has a downtrend for a few months if you look at a chart....so what makes you think it will turn now or soon?
......and why that bakken producer since their production is not growing at a fast pace & their wells average IP rates are just a fraction of others like KOG's or WLL's wells which are posted in their presentation?
On Jan. 28,2013 PBKEF closed at $8.78,
.......on that day that you said that you bought a bakken
It is now at $8 and was as low as $7.90 today.
.....and while it might have some reason to yurn upward from what still looks like a bit of a downtrend when you look at a chart.....about when (and why) do you expect it to turn upwards?
Sand this is in the past. The board is getting back to a reasonable discussion. No need for you to stir things up by pointing out that the stock is down. Your diresoecting of his buy is ubcalled for. I am sure you have some down as do i and everyone else here . Let it go, no need for this now.