This is a stock I have been watching for several weeks.
Keep in mind that the oil price drop has hurt them over the past 90 days.
However, oil and gas prices WILL go up and go up big.
Here is a one chart of Brigham Exploration. (BEXP)

I think this stock will return to over $10 a share during the next 12 – 18 months.
It is a buy and hold on the way up.

More info:

Brigham Exploration Company is an independent exploration, development and production company that uses three dimensional (3D) seismic imaging, drilling and completion technologies to explore for and develop domestic onshore oil and natural gas reserves. The Company’s exploration and development activities are concentrated in four provinces: the Onshore Gulf Coast, the Anadarko Basin, the Rocky Mountains and West Texas. The Company has accumulated acreage positions in the Williston and Powder River Basins. Operations within these two basins are included in and constitute the bulk of its activity in its Rocky Mountains province. At December 31, 2007, the Company has estimated proved reserves of 140.2 billion cubic feet equivalent (Bcfe). Approximately 76% of its proved reserves are natural gas and it operates approximately 61% of proved reserves. The Company’s average daily production during the year ended December 31, 2007, was 41.6 million cubic feet equivalent

View admin's Profile      Subscribe via RSS