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Thesis: Players with acreage positions in the Bakken Oil Shale or the Eagle Ford Oil Shale of some significance - AND an exploration budget that can have influence on your profits.
We have now provided a substantial list in these articles – your due diligence is necessary because too many similar companies in your portfolio does not represent diversification – but represents concentration in one sector and one geographic area.
Brigham Exploration (BEXP) and Kodiak Oil and Gas (KOG).
Small-cap opportunitiesTriangle Petroleum (TPLM) and U.S. Energy (USEG) scored the highest, with capital investment to enterprise value ratios of 54% and 53%, respectively.
Oasis Petroleum(OAS) scored the highest amongst mid-cap companies, with a 30% capital expenditure to enterprise value ratio.
Continental Resources (CLR) has a current enterprise value of $16.91 billion. The company plans to spend $1.75 billion on its capital expenditure budget in 2012. This gives Continental a 2012 capital expenditure to enterprise value growth ratio of 10%.
EOG Resources (EOG) has an enterprise value of $34.59 billion. The company plans to spend $7.5 billion on its capital expenditure budget in 2012. This gives EOG a 2012 capital expenditure to enterprise value growth ratio of 22%.
Marathon Oil (MRO) has an enterprise value of $23.95 billion. The company plans to spend $4.8 billion on its capital expenditure budget in 2012. This gives Marathon a 2012 capital expenditure to enterprise value growth ratio of 20%
Caveat : Success at natural gas exploration means commodity supply and continued low commodity pricing. look to oil and liquids producer
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