Monday, March 3, 2008

Oil stocks steady in rough market seas

Frankly, I'm not a big fan of Barron's, but their call on oil stocks last week remains a dead-on winner. Here's how their five oil stocks, all with ties to the Bakken Shale of North Dakota, have fared. Below, the opening price on Monday, Feb. 25, and today's closing price.

WLL | 59.49 | 60.97 | +2.5%
EOG | 100.27 | 122.17 | +21.8%
BEXP | 7.13 | 8.01 | +12.3%
CLR | 25.05 | 28.57 | +14.1%
MRO | 51.54 | 53.81 | +4.4%

On a weighted scale, these stocks are up 11% in six sessions since Barron's ran the story. In a tumultuous market, that's black gold.

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