The Alberta Bakken light oil resource play was on fire in the first half of 2011 where investors bid stocks to new heights. But the market did not have realistic expectations as the play was exploratory in nature and could not be expected to yield initial production rates comparable to North Dakota’s Bakken play. As the first set of results appeared, demoralized investors exited these stocks in droves which fell from a premium valuation to fire sale lows.
The Alberta Bakken is far from dead as it is still in its early days. Land sales in Southern Alberta attracted over … Continue Reading
