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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Frank who wrote (95253)1/17/2008 7:52:27 AM
From: Ed Ajootian  Read Replies (1) of 206249
 
Brigham Exploration (BEXP) -- After yesterday's PR I think we can safely reclassify Brigham out of the "Dogs of the Drill" category and into the "Hot Resource Plays -- Oily" category. This Bakken and Red River stuff is turning out to be tremendously economic. They brought in 1 well at 585 bopd but let's say the average well comes in at 350 bopd. At a cost of $4.5 M to drill (the latest costs per their PR), these suckers oughtta pay out in well under a year.

Best part is they have at least 39 more of these targets identified.

Although the stock has appreciated substantially over the last 4-5 months, I still like it and if given the opportunity, will be adding today.
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