Keith Schaefer is teasing potential subscribers to his Oil & Gas Investments Bulletin, a relatively new newsletter, about a shale oil play that he calls the “stealth trade of the year.” Sounds exciting, right? I thought it was interesting, and after doing some initial research earlier in the week one of the companies I found was intriguing enough to me that I opened a small position yesterday … but I hadn’t scoured the ad fully enough to be sure I was right about what he’s teasing, so let’s get into that now.

Schaefer knows how to get our attention — mention the big millionaire-maker Bakken oil juniors who got all our attention a few years ago when the Bakken play in the Williston Basin was just starting to heat up, stocks like Brigham Exploration (BEXP), Northern Oil and Gas (NOG), and Kodiak Oil (KOG). Here’s what he says:

“If you were among the many investors who’ve taken Bakken profits to the bank… then it’s well done to you.

“And if you missed out on the opportunity to capitalize on the Bakken’s early plays, I have some very good news to share.

“In the next 15 minutes, I’ll show you a repeat of the Bakken oil play… emerging right now.

“It’s an early-stage play. Several junior oil companies have large land positions in the heart of it – a perfect scenario.

“And they have all the upside of the original Bakken juniors….”

It’s a tempting premise for those of us who didn’t do much investing around the first Bakken land rush and missed out on those profits (I’m looking in the mirror here). So where is this “new Bakken?”

“This new Bakken play isn’t in North Dakota (which – thanks to the Bakken – is now the fourth-highest oil-producing state in the U.S.).

“Part of it is in northwest Montana – but far away from the original Bakken, and in a totally different geologic setting.

“It’s called the Alberta Bakken.

“It now stretches roughly 40 miles on each side of the Montana/Alberta border. Exploration is continuing.

“And it’s about to become the next big shale oil field in North America.”

He goes on to tell us that this Alberta Bakken is already heating up — with the “original Alberta Bakken players” Rosetta Resources (ROSE) and Newfield Explorations (NFX) already producing oil, and land prices going up from under ...