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All across North Dakota, Montana, and parts of Canada, the Bakken formation is one of the most prolific shale plays ever discovered in North America. According to a 2008 study by the U.S. Geological Survey, it could contain reserves totaling 3.6 billion barrels of recoverable oil.
ITZ play on this sector is Kodiak Oil & Gas (KOG), Looking to take a 1/4 position around $8.50... with a $12.00 price objective in 2013. Read More