Recs

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Who's Gobbling Up the Bakken?

The Bakken formation is estimated to contain hundreds of billions of barrels of crude oil, and real estate in the region is going fast. So it's no surprise that Magnum Hunter Resources (NYSE: MHR  ) was up 6% today after announcing that its subsidiary Bakken Hunter had purchased 20,000 acres in the region, upping the company's total stake to 180,000 acres. In this video, Motley Fool energy analyst Taylor Muckerman tells us when and how Magnum Hunter plans to capitalize on this new purchase, as well as discussing some other players that have recently moved into the area that investors should be watching.

Kodiak Oil & Gas is definitely a dynamic growth story in the Bakken region, but with great opportunities come great risks. Before you hitch your horse to this carriage let us help you with your due diligence. To see if Kodiak is currently a buy or sell, check out our new premium report, which comes with a year of timely updates and analysis.


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Taylor Muckerman
TMFrunAMuck

Taylor is an Associate GM in our Fool International operations. Prior to that he covered all things Energy + Materials as an analyst. Over the years, he has built an investing skill set to rely on when evaluating companies inside and out. While at the Fool, he has made appearances on CNBC and Fox Business. In addition, he completed his MBA at the University of Maryland and will sit for the Level II CFA Exam.

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