The Fastest-Growing Bakken Player

"Luck is what happens when preparation meets opportunity" -- so goes the first-century Roman proverb. Twenty centuries later, it still holds good.

While shale plays like Bakken are always in the news and grab investors' attention, not all companies operating here necessarily do well. Opportunity must be backed by sound business models. Bakken player Brigham Exploration(Nasdaq: BEXP  ) seems to be getting better at this job.

The rule of thumb...When oil and natural gas companies report a rise in revenues and profits, it should always be taken with a grain of salt. If profits are being driven up simply because of higher energy prices, investors should consider it red flag. A simple rule of thumb that I follow for energy companies: Look for ones that have managed to ramp up production coupled with increased capital spending.

Source: Motley Fool 

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