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MDU Resources Group Inc. Message Board

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  • juanruiz1330 juanruiz1330 Mar 10, 2009 8:17 PM Flag

    Investments Other than MDU

    I agree on the oil take, hence my interest in COP and MRO. Would also look at NAT which just paid a .87 dividend.

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    • Thank you for the support.

      I am diversified (by Cramer's criteria -- note the sarcasm) through mutual funds, IRAs, etc., but for my own discount trading accounts, they are essentially oil, natural gas, etc. (No coal, but that's just me; never followed coal).

      My biggest mistake was not taking advantage of selling, taking the tax loss, and then buying back 30 days later. Now, it is a bigger risk. Price of oil has been trending higher.

      A ND state spokesman said that if prices remain depressed for up to 18 months, the oil companies in ND will hang on; if depressed prices last 4 - 5 years, he says some will not be able to hang on -- not enough cash flow.

      I can't imagine oil prices staying depressed that long. Saudi just can't let it go on. Major suppliers (Venezuela and Mexico) don't look all that promising. Lots of big projects have been placed on hold because of decreased price of oil and that will make shortage of oil more acute once economy turns around.

      I would imagine US Air Force and Army using a lot less fuel these months with relative quiet in Mideast. With all the sabre-rattling that could turn around fast (and all the geo-political concerns about security of oil fields).

      Idle chatter. Sorry. I sound like a broken record.

      Someone was upset that I bashed President Obama the other day, so as long as I'm rambling, I might as well say his speech on education was one I would have written; he left out just one thing -- opportunities for inner city students to attend other schools outside the inner city.

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