Monday, July 14, 2008

No B.S. by Barron's

Back on February 24, I noted a Barron's story that feted oil companies that had interest in the Bakken Shale on the Canada-U.S. border. Not very big on this kind of stuff, I decided to start a mock folio to keep track.

Here we are, more than four months later, and four of the five stocks noted by Barrons are in the black since.

WLL | then 59 | now 102 | +72%
EOG | then 100 | now 119 | +18%
BEXP | then 7.13 | now 16.04 | +125%
CLR | then 25 | now 81 | +225%
MRO | then 51 | now 45 | -11%

Overall, on a weighted basis, this quintet of oil stocks are up a nice 86%. Amazing. Meanwhile, here in Hawaii, I paid $4.31 for a gallon of regular unleaded. That's the cheapest I found in urban Honolulu, aside from Costco.

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