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Bonanza Creek Energy, Inc. Message Board

dkwilk 69 posts  |  Last Activity: Dec 21, 2014 12:46 PM Member since: Dec 22, 1997
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  • Reply to

    Something to think about

    by hundredbagger Dec 21, 2014 12:00 PM
    dkwilk dkwilk Dec 21, 2014 12:46 PM Flag

    Info From Wikipedia ( Short Finance )
    Dividends and voting rights[edit]

    Where shares have been shorted and the company which issues the shares distributes a dividend, the question arises as to who receives the dividend. The new buyer of the shares, who is the "holder of record" and holds the shares outright, will receive the dividend from the company. However, the lender, who may hold its shares in a margin account with a prime broker and is unlikely to be aware that these particular shares are being lent out for shorting, also expects to receive a dividend. The short seller will therefore pay to the lender an amount equal to the dividend in order to compensate, though as this payment does not come from the company it is not technically a dividend as such. The short seller is therefore said to be "short the dividend".

    A similar issue comes up with the voting rights attached to the shorted shares. Unlike a dividend, voting rights cannot legally be synthesized and so the buyer of the shorted share, as the holder of record, controls the voting rights. The owner of a margin account from which the shares were lent will have agreed in advance to relinquish voting rights to shares during the period of any short sale.[22] As noted earlier, victims of Naked Shorting attacks sometimes report that the number of votes cast is greater than the number of shares issued by the company.[23]

  • this will bring the total NG proceesing capacity by OKE to 1.2 Billion Mcft./d

    Bruce, from his Blog furnished me this info. don
    This is my current list, it looks like this Demicks Lake was previously announced. If so, it has increased in size from 200 to 400:

    This is the list of ONEOK natural gas plants in my database for North Dakota:

    •Lignite, Burke County, 6 million cubic feet/day
    •Marmath, Slope County, 7.5 MMcf/d
    •Grasslands, Williams, 100 MMcf/d
    •Stateline I, Williams, 100 MMcf/d
    •Stateline II, Williams, 100 MMcf/d
    •Garden Creek I, McKenzie, 100 MMcf/d
    •Garden Creek II, McKenzie, 100 MMcf/d; completed; announced August 26, 2014;
    •Garden Creek III, McKenzie, 120 MMcf/d -- to be completed in 2015* (ahead of schedule)
    •Lonesome Creek, McKenzie, 200 MMcf/d -- announced July 14, 2014; to be completed in 2015
    •Demicks Lake, McKenzie, 200 MMcf/d -- announced July 30, 2014; to be completed in 2016; in this press release Oneok said more projects might be announced before the end of 2014
    •Bear Paw, northwest Dunn County, 80 MMcf/d -- announced Sept 22, 2014; $300 million; to be completed 2Q16

    Note the concentration around Watford City. the other NG processors in ND include, Hess, Hiland, Whiting, Whiting and Fidelity.

  • Will the CEO of MDU ask the Board for a Cut in his Bonus??? Google the first Sentence for complete article..
    I think he and the other Members of the Exec officers should.. or at least give them 1 piece of Coal for Christmas.. don
    Deere Board Honors CEO’s Request for 25% Cut in Bonus

    Sam Allen’s Compensation Still Rose 5.9% to $20 Million, Thanks to Value of Pension and Deferred Pay

  • Bruce, from his Blog furnished me this info. don
    This is my current list, it looks like this Demicks Lake was previously announced. If so, it has increased in size from 200 to 400:

    This is the list of ONEOK natural gas plants in my database for North Dakota:

    •Lignite, Burke County, 6 million cubic feet/day
    •Marmath, Slope County, 7.5 MMcf/d
    •Grasslands, Williams, 100 MMcf/d
    •Stateline I, Williams, 100 MMcf/d
    •Stateline II, Williams, 100 MMcf/d
    •Garden Creek I, McKenzie, 100 MMcf/d
    •Garden Creek II, McKenzie, 100 MMcf/d; completed; announced August 26, 2014;
    •Garden Creek III, McKenzie, 120 MMcf/d -- to be completed in 2015* (ahead of schedule)
    •Lonesome Creek, McKenzie, 200 MMcf/d -- announced July 14, 2014; to be completed in 2015
    •Demicks Lake, McKenzie, 200 MMcf/d -- announced July 30, 2014; to be completed in 2016; in this press release Oneok said more projects might be announced before the end of 2014
    •Bear Paw, northwest Dunn County, 80 MMcf/d -- announced Sept 22, 2014; $300 million; to be completed 2Q16;

  • Reply to

    OT nd active rigs in Bakken

    by dkwilk Dec 19, 2014 9:31 AM
    dkwilk dkwilk Dec 19, 2014 4:30 PM Flag

    Regular Unleaded in Bowman ND is $ 2.74 today.. oil wells all around and some of the most expensive Gas, and Diesel in the USA.. don

  • Reply to

    OT nd active rigs in Bakken

    by dkwilk Dec 19, 2014 9:31 AM
    dkwilk dkwilk Dec 19, 2014 2:05 PM Flag

    listening to a Politician and watching a Manure spreader in Operation are basically the same. don

  • this is the comparative number of rigs drilling in ND.for the last 5 years on this date.

    info from Milliondollarway blog..

    12/19/2014 12/19/2013 12/19/2012 12/19/2011 12/19/2010
    Active Rigs 181 188 187 201 166

    I think Early Feb will be the big Month of E+P announcements for the production year.. don

  • Reply to

    the fed

    by harehau Dec 18, 2014 10:46 AM
    dkwilk dkwilk Dec 18, 2014 8:53 PM Flag

    I do not think they count Food and Fuel in the CPI, which is used for calculating the inflation rate., correct me if i am wrong. The Social Sec folks are getting a 1.7 % increase in Jan, my father-in-law says.. the 10 yr treas is 2.1% and 30 yr is about 2.75 % .
    I would be willing to bet some folks in the Bakken will be taking a pay cut after the first of the year..this is the local rumor..

  • to purchase 7,000 more police camera. article in LA times, officer is shown wearing a Taser product.

  • Does anyone have a handle on the total value they ( honestly ) think MDU will use as a NPV-10 for the end of the year.. I realize Most of this could be /or will be a paper write off from the book value of MDU..but a $ 2. 00 on paper value really worth $ .75 cents is still really worth only $ .75 cents

  • The absolute high for MDU stock was intraday at $ 36.05.
    The Closing High was on 4-24-14 , MDU $ 35.93, WTI at Cushing Closed $ 102.20
    Then MDU waffled around in price until the next and Last peak until June 20th At $ 35.10 and WTI closed at $ 106.07.. You can verify by using Yahoo charts, and EIA for oil price. HO- HO- HO

  • Reply to

    MDU

    by dkwilk Oct 9, 2014 2:06 PM
    dkwilk dkwilk Dec 12, 2014 3:49 PM Flag

    another first post

  • Presented at the Wells Fargo Energy Symposium today .. go to OKE or OKS corp presentations and there is a 113 slide PDF on the expansion of NG from ND to South Texas don

  • Reply to

    x div tomorrow

    by tumuli_stump_jumper_forever Dec 8, 2014 5:22 PM
    dkwilk dkwilk Dec 8, 2014 6:16 PM Flag

    so we can expect your next post in 2021, or later

  • Reply to

    MDU

    by dkwilk Oct 9, 2014 2:06 PM
    dkwilk dkwilk Dec 8, 2014 3:57 PM Flag

    16 days and only $ 1.50 lower to go to make my projection..don

  • Bruce, over on his blog is reporting this from a reader about Fidelity .
    Fidelity E &P Done -- Reader; December 7, 2014
    From a reader:

    It appears Fidelity is done drilling in the Bakken. For about the last year they had two drilling rigs running. One in Mountrail county and one in Stark. They released the rig that was drilling in Mountrail, it's now drilling for SM energy. And in the last week the rig in Stark finished a three well pad, and moved to another pad, but the rig is just sitting there in pieces. The last pieces were moved Thursday and there has been no attempt to reassemble the rig.

    The rig list still shows the rig in Mountrail but it is one of the rigs listed twice. It has been shown on the same Fidelity well for about the last year and a half. The correct well is the SM well it is listed as being on.
    On November 3, 2014, or thereabouts, Fidelity announced it was going to divest market its E&P company.

  • Reply to

    MDU stock price value

    by dkwilk Dec 5, 2014 1:02 PM
    dkwilk dkwilk Dec 5, 2014 1:22 PM Flag

    part 2
    part 2
    So according to the 2011 annual report MDU had profits in the elec/ng dividion of 67.6 Million this gives a value of $973,000,000
    or $ 5.17 per share

    3. the pipeline and energy services. i used OKE ( oneOK) a ND,OK based ng gas gathering and processing company for this segment.
    OKE is valued today at .62 price to Sales ,. MDU pipeline service had a 2011 sales number of $ 278,000,000 which would allow a $ 172 ,000,000 value, or .92 cents per share.
    4. Construction Material, i used valcan material ( VMC ) and Martin Merietta Material ( MLM )for comparison. both of these companies have a 2.02 or 2.03 Price to sales stock price today.. I think the aggreate material business of vmc, and mlm are over valued, so in this evaluation i used a conservative 1.5 times sales for the construction materials.. so in 2011 mdu had revenues in this division of $ 1,510,000,000 . X 1.5 price to sales equals $ 2,265,000,000 or $ 12.04 per share.
    5.Construction Services division . i used Quanta ( pwr ) as a comparison they have a .95 price to sales

    MDU construction services in 2011 had sales of $ 854,400,000 x.95 equals $ 811,680,000 or $ 4.31 per mdu share.

    the estimated split values of the different divisions are $ 33.06 using these conservative numbers

    1. $10.62

    2. $ 5.17

    3. $ .92

    4. $12.04

    5. $ 4.31

    ----------------------
    $ 33.06
    So what are your thoughts on valuation of MDU... don

  • for Skip ..
    this is the Break up value of MDU I presented in may of 2012.. If you disagree ( and I expect some will ) then state you figures along with facts ..) don

    May 9, 2012

    Some on the MDU board have suggested breaking up MDU, or selling to Bufffet.. so i have set about with MY estimation of the locked up value of MDU. you 3 different valuation methods for different portions of the company. each segment is identified and valued.. companies used for valuations are listed in the proxy page 19. all companies are publicly traded... I expect and welcome criticism, but with criticism, i want your numbers and what exact method you are using.. i surely can be wrong.. but you telling me i am wrong does not do a d..n bit of good for any of us shareholders.. The numbers are rounded for better understanding.

    1. E+P division ..On april 24th 2012 ( GEOI) ( geo resources ) was sold for $ 978,000,000 this company has oil/gas wells in the Bakken and in south texas it was producing approx 7,000 boepd . this sales placed a value on this company of $139,000 per flowing BO.

    From the 1st qtr earning Numbers of MDU, showed 973M BO, and 10,047 Mmcft of ng.( The conversion value of ng is 6 mcft of ng to 1 BO ) and the econmic value of NG is 20 % of a barrel of OIL. so 10,047 MCFT divided by 6 equals 1,674 bo ( this number is shown in 1st qtr earnings number ) but has a oil equal $$ value of 335M bo. The added 973M and 335 M equals 1,308,000 BO divided by 91 production days in the first qtr equals. 14,373 BOEPD. this times the GEOI sales data equals 1.997 Billion $$ or $ 10.62 per share.

    Assuming the 188 Million Shares out standing..

    A year ago Statoil bought out Brigham exp and paid $ 223,000 per flowing BO..
    2. The Regulated Utility division. for a comparable i used the spyder etf ( XLU ) a group of approx 20 gas/elec dividend paying utilites. this has a 14.39 pe, which is what i used for valuation, because it is a lower valuation then 1.29 sales

  • Reply to

    MDU is ridiculously undervalued at 23

    by den56kk Dec 3, 2014 4:35 PM
    dkwilk dkwilk Dec 3, 2014 7:28 PM Flag

    den , what price do you think is fair for MDU at this time??? don

  • Fidelity Utah Production of oil fell 1.8 % in Oct 2014 to 90,169 BO. from the Sept production The NG production in Oct increased 7 % from Sept to 47,144 Mcft. don

BCEI
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