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Bonanza Creek Energy, Inc. Message Board

dkwilk 10 posts  |  Last Activity: Jul 10, 2016 10:59 AM Member since: Dec 22, 1997
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  • 26 years of Historical 10 yr treas rates. When the tide of interest rates changes dividend paying stock will be under pressure.. don

    .Jul 8, 2016 1.37%
    Jan 1, 2016 2.09%
    Jan 1, 2015 1.88%
    Jan 1, 2014 2.86%
    Jan 1, 2013 1.91%
    Jan 1, 2012 1.97%
    Jan 1, 2011 3.39%
    Jan 1, 2010 3.73%
    Jan 1, 2009 2.52%
    Jan 1, 2008 3.74%
    Jan 1, 2007 4.76%
    Jan 1, 2006 4.42%
    Jan 1, 2005 4.22%
    Jan 1, 2004 4.15%
    Jan 1, 2003 4.05%
    Jan 1, 2002 5.04%
    Jan 1, 2001 5.16%
    Jan 1, 2000 6.66%
    Jan 1, 1999 4.72%
    Jan 1, 1998 5.54%
    Jan 1, 1997 6.58%
    Jan 1, 1996 5.65%
    Jan 1, 1995 7.78%
    Jan 1, 1994 5.75%
    Jan 1, 1993 6.60%
    Jan 1, 1992 7.03%
    Jan 1, 1991 8.09%
    Jan 1, 1990 8.21%

  • dkwilk dkwilk Jul 7, 2016 5:35 PM Flag

    Jerry , Are you thinking of buying a ETF , Short on the 10 yr Treas..??
    when 10 yr treas go back to 3-3.5 % MDU could loose 25 %.. Treas rates have been gong down since 1984, .don

  • MEDORA—The organizers of the Davis Refinery project proposed for the Belfield area cleared an early but major hurdle Wednesday at the regular meeting of the Billings County Commission.

    After more than four hours of public questions, comments and informational presentations, including some remarks delivered by state health officials, commissioners agreed to rezone more than 715 acres of land from agricultural to industrial use to house the proposed $900 million, 55,000 bpd petroleum refinery planned by California-based Meridian Energy Group Inc

  • From today FT.article. don
    The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by the world’s biggest exporting nations, according to a new study.

    Rystad Energy estimates recoverable oil in the US from existing fields, discoveries and yet undiscovered areas amounts to 264bn barrels. The figure surpasses Saudi Arabia’s 212bn and Russia’s 256bn in reserves.

    The analysis of 60,000 fields worldwide, conducted over a three-year period by the Oslo-based group, shows total global oil reserves at 2.1tn barrels. This is 70 times the current production rate of about 30bn barrels of crude oil a year, Rystad Energy said on Monday.

    Recoverable reserves — those barrels that are technologically and economically feasible to extract — are analysed by the energy industry to determine company valuations and the long-term health of an oil-producing nation’s economy.

    Conventional oil producers, such as Saudi Arabia, have traditionally used their huge resource riches to wield power globally, particularly among big consumer countries such as the US.

    This relationship has been disrupted in recent years by hydraulic fracturing and other new technologies that have helped the US unlock vast reserves and enabled it to become more energy independent.

  • is less then 200 days now.. and the world will be Rid of the Current USA Mis-management team..4 months from today is election day.. Like ML King said Free at last, free at last , Thank God we are free at last.. don

  • Dickinson press
    BELFIELD—The company trying to build an oil refinery just three miles from Theodore Roosevelt National Park in Billings County isn't slowing down its efforts, even after the Dakota Prairie Refinery sold at a loss earlier this week.
    Thomas Johnson, chief operating officer of California-based Meridian Energy Group, said Tuesday's sale of the Dickinson diesel refinery doesn't affect his company's goal of building the Davis Refinery, which would process 55,000 barrels of Bakken crude a day.

    "We did economic modeling, what our costs are going to be and concluded that we're going to make some profits there in the Bakken and the Belfield area," Johnson said.

    Tesoro bought the Dakota Prairie Refinery from MDU Resources Group and Calumet Specialty Products, which broke ground on the refinery in 2013 and opened it in May 2015.
    Johnson pointed to the Davis Refinery's efforts to build a refinery that'll produce gasoline, jet fuel and ultra-low sulfur diesel fuel as the difference between its plans and the Dakota Prairie Refinery, which processed 20,000 barrels of oil into around 8,000 barrels of diesel fuel a day, along with a set of byproducts.

    MDU Resources spent $430 million on the refinery and reported that it lost $7.2 million in its first quarter of operations. The refinery's construction was plagued by cost overruns and construction delays.
    Johnson said he was involved in the building of PetroMax Refining, a 25,000-barrel-a-day refinery in Houston that opened last year, and said Meridian is using a similar business model with the Davis Refinery.
    "We were successful last year, so we fully anticipate being successful this time," Johnson said. "The key is not to get into a situation like Dakota Prairie. It's unfortunate what happened, but it is a good lesson to learn."
    In an effort to rally community support for the Davis Refinery, Meridian is hosting a public gathering at 5 p.m. Tuesday atop Buck Hill, the highest point in Theodore Roosevelt National

  • Reply to

    MDU a vote of NO confidence..

    by dkwilk Jun 29, 2016 11:44 AM
    dkwilk dkwilk Jun 29, 2016 3:26 PM Flag

    Skip . go back and look at last 2 yrs of the Titanic, ( I mean MDU ) forget the price of oil,, here are the decisions Management and BOD made.. Sold Good Bakken wells ( can you say in there home state ) bought the spent that same amount of Money on powder river Basin on BLM acerage and less production..Paid the E+P dud over $ 2 Million per yr , to hold down a chair, cause he did not know how to profitably find oil.. Stopped drilling in bakken of MT acreage, till they figured it out ( which they never did ) Hit 1 huge well in Utah, and could not get rest of picture together..
    Built a Refinery with a Partner ( who was supposed to Know how to manage/run refinerys) Sold ithis white elephant for pennies on the Dollar..
    Let OKE /oneok develop 6 or 7 NG processing plants right in back yard ( they own 50 % of the belfield plant) so they should know how to build and Run NG plants..
    I think they should have Kept E+P unit and ran it like Northern Oil and gas ( NOG ) let some one like Slawson or CLR,or hess,do the drilling and received a % of the oil as payment.. Then they could have let go of the $ 2 Million per yr E+P dude who could not find oil, get rid of CEO, and 50 % of Management staff..
    All I can say is Thank God for the MDU shareholders is that Elec and NG rates are guaranteed by PSC or they would give that Away..
    Now they want to spend over 1 Billion $$$$$ in next 5 years on what... ( buggy whips ) cause horse and buggies get better mileage then cars..who is going to guarantee a return for the share holders????
    if I missed anything please add.. don

  • I see the collective Target Price of MDU was lowered today to $23.50, after it had been raised to $ 24.00 on 6.12.16.. The announcement of the sale to Tesoro of the DPR yesterday , for the ridiculous price MDU received will /could trigger more Target price down grades..
    if the 10 Yr Treasury was trading at a historical interest instead of the 0bama depression rate MDU stock would be $ 15.00.. don

  • Reply to

    MDU Management Sucks

    by dkwilk Jun 28, 2016 11:02 AM
    dkwilk dkwilk Jun 28, 2016 12:56 PM Flag

    If MDU is in a 36 % federal Tax bracket that means it takes a $ 250 Million $$ pre tax loss to equal $ 160 Million in after tax write off.. I you were planning on a Dividend increase this year , DO NOT hold your breath..
    Jerry says a sale by Year end, possible , I wonder how much Bonus the Management will get for selling MDU,
    The only positive thing going is the temp in MT and ND is hot so they should sell Elec for the air conditioners...

  • So MDU bought the other half of DPR from Calumet, then sold it to Tesoro and Guess what.. the refinery that cost $ 420 Million , had 4 quarters of losses was only worth $76 Million $$$$.. but Hurray for the Shareholder they get to Write off $ 160 Million, And the MDU execs get another Bonus...From the 8 K filed today. ( note that is AFTER TAX charge..) Yes $ 1.00 per share... Well I guess they can go to work for Hillary if she gets elected...don

    Item 2.06. Material Impairments.
    The Board of Directors of MDU met on June 24, 2016, to evaluate the potential sale of DPR to Tesoro. In connection with the board's decision to proceed with the sale, MDU concluded that the fair value of DPR based on the proposed sale transaction to Tesoro was less than the current recorded book value of DPR and that a material charge for impairment is required under generally accepted accounting principles. Coinciding with this process, management concluded that DPR's financial results qualified for presentation as assets held for sale and discontinued operations. MDU anticipates an after-tax impairment charge from these discontinued operations in the range of $150 million-$160 million, subject to customary closing adjustments, to be recorded in the second quarter. No ongoing future cash expenditures are expected in connection with the recording of this impairment charge.

0.9647-0.0553(-5.42%)Sep 23 4:02 PMEDT