Which Is the Best Pure-Play Bakken Oil Stock?

By Atticvs Research: There is a great deal of excitement about Bakken stocks, and rightly so given the high profit margins, large cash flows and multi-year growth potential on offer. But what really is the best value, reasonably-sized, pure-play Bakken driller?For starters let’s take a look at four widely followed companies; Brigham (BEXP), Oasis (OAS), Northern (NOG) and Kodiak (KOG).
Company Brigham Oasis Northern Kodiak
Stock symbol BEXP OAS NOG KOG

Stock Price $31.80 $29.54 $22.14 $6.79
Shares o/s, million 117.06 92.43 61.56 206.78
Market Cap, $million $3,723 $2,730 $1,363 $1,404

Net Bakken acres 378,100 318,942 150,000 95,000
Market val / acre $9.8 $8.6 $9.1 $14.8

Estimate 2012 EPS $2.42 $1.94 $1.75 $0.65
Likely 2013 EPS $3.50 $3.00 $2.50 $0.68
2012 p/e ratio 13.1 15.2 12.7 10.4
2013 p/e ratio 9.1 9.8 8.9 10.0

Recent earnings:
Act Vs Est Q2 2010 +44% -680% 0% -50%
Q3 2010 +50% -125% -9% -50%
Q4Complete Story »