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Our next guest was voted the best analysts on the street by the Wall Street Journal in the oil and gas production sector.
This -- Northern Oil & Gas went up 135%.
Year over year till he's not take -- senior equity analyst for CK Cooper joins us now.
Welcome to you it's great to have you want first I want to ask you with a deep sell investing in the stock market we've seen the price of oil come down two dollars to about hundred dollars a barrel lightly on the economic data not just in the US -- around the world that -- in a slow -- How much of oil barrel is reacting to bit broader economic story or thought or technicals do you think.
Idea I think.
You know oil -- are very much right now dependent on.
And the economy and where would -- economic outlook is it is is because.
You know there's some analysts that that think -- gonna go to are in thirty or -- four dollars a barrel.
I don't think it's gonna get there because I think the economy's two week.
And you know speculation on where oil prices is -- -- go.
If it gets too high canopy where it think it's -- -- To straight -- OK so you -- analysts in the exploration and production.
-- you're also a geologist so explain to the nine science community meet me like -- geologists gives you an edge.
-- -- It's great to have a geology degree.
You can ask technical questions to -- you know technical staff for the companies and and really.
Get to understand what they're doing and and what's -- -- what's gonna determine the success.
Right so with Brigham Exploration this was the call of your career really I mean.
-- back in September 2009.
The socket already gone from a dollar to seven dollars and fifty cents and -- that we -- the buy rating on I think he knows something about the shale -- explain the -- -- the technology here that.
You knew there was more potential in this in this name.
Right -- Yeah Brigham had a large acreage position in a part of the -- that was was not proven was not validated.
And what they were doing was working as opposed to other companies that.
Were drilled every four and and it didn't work as well so.
You know it look like.
Given what they did they -- gonna have a lot of drilling locations and and that was going to you know they're going to be only increased reserves and production may.
Done that you're still bullish on Brigham Exploration yes I am not -- when you like is Northern Oil & Gas this is also -- North Dakota Bakken shale.
That's true that's true.
Got in early.
They establish a big acreage position much like Brigham only days they weren't necessarily a leader of the play there weren't.
Proving -- validating the play but they they got in early with a big acreage position in the right.
Place -- RD exploration potentials right -- you're looking to.
-- -- stock or strategize using the exploration cited the -- equation where do you look outside of -- because I do hear a lot about that right now that area.
-- I'd be focused and I'm focusing on the the oil earlier plays.
And some of the other ones.
Our that you referred and the bones springs the Wilford is in south Texas the bones brings.
Is in west Texas any companies public companies killing their right now -- resources.
Is drilling in the -- And the bone springs there's there's quite a few companies and in the -- for a.
Still he's content your debut on television excellent job thrilled to have you congratulations -- flat -- -- --
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