6 Ways to Play the Bigger and Badder Bakken

New numbers show formation has double energy previously thought

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6 Ways to Play the Bigger and Badder Bakken

Halliburton

Halliburton185 6 Ways to Play the Bigger and Badder BakkenFinally, no list of unconventional energy players can be complete without King Hal. It stands to reason that higher reserve estimates translate into more drilling. As the leading oil services provider in the Bakken, Halliburton (NYSE:HAL) will continue to be the go-to supplier of fracking pumps, fluids and other equipment to tap that energy.

HAL should also benefit from recently rising natural gas prices across the country as more firms return to drilling.

Halliburton isn’t necessarily cheap as shares continue to make new 52-week highs. However, it is the North American leader when it comes to fracking and drilling. As such, the expense is worth it.

HAL really is best of breed.

As of this writing, Aaron Levitt did not own a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2013/05/6-ways-to-play-the-bigger-and-badder-bakken/.

©2014 InvestorPlace Media, LLC

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