The Bakken Oil Shale – Saudi Arabia size find in Sask./N.Dakota

Posted by Michael Berry , Ph.D. - Discovery Notes

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Ed Note: This massive oil deposit the Bakken Formation lies underneath Saskatchewan and North Dakota. There are estimates it holds more Oil that Saudi Arabia (250 Billion Barrels) and the quality of the Crude makes sought after Saudi light look like Heavy Crude.) This is a BIG Story with many angles.


“The Bakken is economic at any price level,” said Crescent Point chief executive officer
Scott Saxberg. “And the Lower Shaunavon is probably similar.”

….read Discovery Investing’s Michael Berry’s whole analysis and investment strategy  HERE.


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Michael Berry has been a portfolio manager for both Heartland Advisors and Kemper Scudder where he successfully managed small and mid cap value portfolios. Dr. Berry has specialized in the study of behavioral strategies for investing and has been published in a number of academic and practitioner journals. His definitive work on earnings surprise, with David Dreman, was published in 1995 in the Financial Analysts Journal.

Previously, Dr. Berry was a professor of investments at the Colgate Darden Graduate School of Business Administration at the University of Virginia and has also held the Wheat First Endowed Chair at James Madison University.

Dr. Berry is a respected and dynamic speaker. He regularly presents around the world on topics such as value investing, the role of Austrian Economics in investment management, behavioral investing strategies and is a specialist in developing case studies to teach investors how to invest. While a professor, he published a case book, Managing Investments: A Case Approach.