Friday, May 20, 2011

Whiting (WLL) (BEXP) (KOG) (NOG) (STR) Trading Up

Shares of Whiting Petroleum (NYSE:WLL), Brigham Exploration (NASDAQ:BEXP), Kodiak Oil & Gas (Amex:KOG), Northern Oil and Gas (Amex:NOG) and Questar Corporation (NYSE:STR) were trading up today as oil prices rebounded later in the session.

The expiring U.S. June crude contract was up 98 cents to $99.42 a barrel, after falling as low as $95.99.

U.S. July crude climbed $1 to $99.93, bouncing back after falling to $96.35.

Shares of oil companies like BP (NYSE:BP), Anadarko (NYSE:APC), Transocean and Cameron International (NYSE:CAM), all of which were connected to the Gulf oil spill, were all trading up on news of the settlement between BP and Macondo Well partner Mitsui (OTC:MITSY).

Questar Corporation (STR) was trading at $17.49, gaining $0.11, or 0.60 percent, as of 2:40 PM EDT. Northern Oil and Gas (NOG) was at $20.93, up $0.64, or 3.15 percent. Kodiak Oil & Gas (KOG) was trading at $6.39, up $0.03, or 0.55 percent. Brigham Exploration (BEXP) was at $30.04, gaining $1.01, or 3.48 percent. Whiting Petroleum (WLL) was trading at $65.03, gaining $1.29, or 2.02 percent.

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