Apparently, "God" Doesn't Believe in the U.S. Shale Boom
As OPEC prepares to meet in Vienna, discussions are expected to focus heavily on the rate at which the organization produces crude oil. Thanks to the heavy growth here in the United States, smaller member nations are becoming fearful that downward pressure might find its way to the oil price market. For a while now, Saudi Arabia has stated its belief that this will be a minor event in the grand scheme of things, and others are voicing their mutual feelings.
It's hard to argue that shale oil wells have been showing a much more precipitous decline rate than conventional wells, but that doesn't detract from the size of the opportunity still remaining underneath U.S. soil. Companies are becoming more efficient in their drilling operations and have picked up the pace tremendously. For a look at what a few companies in the Bakken are doing to keep the momentum rolling, check out the following video.
One of the brighter stars of the Bakken shale
Kodiak Oil & Gas is a dynamic growth story -- it offers great opportunities, but with those opportunities come great risks. Before you hitch your horse to this carriage, let us help you with your due diligence. To find out whether Kodiak is currently a buy or a sell, you're invited to check out The Motley Fool's premium research report on the company, which comes with a full year of updates and analysis as key news breaks. To get started, simply click here now.
The article Apparently, "God" Doesn't Believe in the U.S. Shale Boom originally appeared on Fool.com.Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.