Brigham Exploration Co. BEXP Stock Analysis July 2010

By Tim - http://stockstobuy.org

The following is Brigham Exploration Co. (BEXP) stock technical analysis for July 6, 2010

Brigham Exploration Co. (BEXP) Support & Resistance Levels - 7/6/10

Resistance Levels: $17.27, $19, $21.15

Support Levels: $14.18, $13.45

Chart - http://www.stockcharts.com/

Brigham Exploration Co. (BEXP) is the second largest holding in my portfolio right now and I have been adding below $16 over the last week. Brigham Exploration Co. is probably the best pure play oil stock in the United States right now. BEXP has been hitting wells in North Dakota over 5,000 BOEPD. The stock is hitting the 200 day moving average which is a gift for long term investors. If Oil goes above 100 per barrel again, expect Brigham Exploration Co. to hit $25-$30.

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Samson Oil & Gas Limited SSN Stock Halted

Shares of Samson Oil & Gas Limited (SSN) were halted today due to a " capital raise " which is in current negotiations. You can see the official release, Right Here.

So what kind of capital raise do I think Samson Oil & Gas Limited is talking about? I have a feeling some big investor wants to either take a stake in the company which will provide Samson with cash, or, they will sell some of their Bakken or Niobrara assets to raise cash. Something big is in the works or the trading halt would not have been needed.

Small companies need cash to grow! When Brigham Exploration Co. (BEXP) was trading at $3 per share last year, the company did all kinds of share offerings. The same doubters who sold on every offering because they got scared, are now looking at the share price at $19 today wishing they would have held. I own Brigham Exploration Co. (BEXP) and they report earnings tonight. I expect another solid quarter out of the company and view any pullback as a major buying opportunity.

As far as Samson Oil & Gas Limited goes, the company needs cash to grow so as a long term stock holder, I am very happy right now!

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