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Published January 03, 2014, 05:17 PM

Stock Prices were affected by Thursday's warning on Bakken Crude

Thursday's alert on Bakken oil has impacted oil stocks. A commodities expert says prices have gone down a little, but he's not surprised. Eugene Graner of Heartland Investor Services says it's typical for fear to breed selling. But he says the drop is part of a more complex bigger picture.

Thursday's alert on Bakken oil has impacted oil stocks. A commodities expert says prices have gone down a little, but he's not surprised. Eugene Graner of Heartland Investor Services says it's typical for fear to breed selling. But he says the drop is part of a more complex bigger picture.

Lynn Helms, Director of ND Oil And Gas said, "Most of the North Dakota operators are large independents so their capital comes from venture capital that's raised from large venture capital investors or funds and not so much from the stock market and so we haven't seen a lot of change in stock prices and not a lot of anticipation in change of how much capital will be spent."

Helms says in a big picture he thinks oil stocks will recover and stabilize. He says as safety issues are addressed confidence will return to investors.

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