geten . from 2nd qtr of 2015 Earning has posted a $ 917.7 Million operating loss on operation. see the columns below the discontinued operations column for these numbers..
Three Months Ended Six Months Ended
June 30, June 30,
2015 2014 2015 2014
Income (loss) from discontinued operations before intercompany eliminations, net of tax $ (251.5 ) $ 23.8 $ (576.2 ) $ 48.8
Intercompany eliminations — .1 .2 .2
Income (loss) from discontinued operations, net of tax $ (251.5 ) $ 23.9 $ (576.0 ) $ 49.0
The results of operations for the company's exploration and production business, except certain general and administrative costs and interest expense that do not meet the criteria for income (loss) from discontinued operations, along with a benefit related to the vacation of an arbitration award in 2014 related to Centennial Resources, are included in the earnings (loss) from discontinued operations.
The company's discontinued operations reported a loss of $251.5 million in the second quarter of 2015, compared to income of $23.9 million in 2014. The decrease reflects a $252.0 million after-tax fair value impairment of the exploration and production company's assets that are held for sale. The decrease also reflects 47 percent lower average realized oil prices, 36 percent lower oil production and 57 percent lower average realized gas prices. Partially offsetting these decreases were lower depreciation, depletion and amortization expense, lease operating expenses, production taxes, and general and administrative expense, as well as higher realized commodity derivative adjustments.
The following table provides additional information on the company's discontinued operations:
Geten.. this is the price I placed on MDU assets several years ago. The Fidelity component represented 30 + % of the total value. $ 33.06 was the total value.
MDU stock price value
by dkwilk • Dec 5, 2014 1:02 PM
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..
Use the Subject area for Search of this SA article.. I agree with author. don
MDU Resources Group (NYSE:MDU)
MDU Resources is scheduled to announce its 25th consecutive year of dividend growth in November. However, the company has been struggling and is currently marketing for sale its Fidelity Exploration & Production Company.
MDU reported adjusted earnings for the first half of its fiscal year of 29 cents a share, down 19% from the prior year, and a GAAP earnings loss of $2.75 a share. MDU also reduced its full-year adjusted earnings guidance to between 85 cents and $1.00. The company's current dividend is 73 cents a share, putting the payout ratio at an uncomfortable 73%-86%.
Given the difficulties that the company is experiencing, I believe that MDU may skip its dividend increase this year. Since MDU increases dividends in the middle of the year, it would still show a year-over-year dividend increase for its 25th year of dividend growth. Best case, I believe that we can expect a 6th consecutive year of a quarterly dividend increase of half a cent.
Prediction: 0%-2.7% dividend increase to an annualized rate of $0.73-$0.75.
Saudi Arabia?s credit rating was cut by Standard & Poor?s , which said the decline in oil prices will increase the budget deficit in a country that relies on energy exports for 80 percent of its revenue.
S&P cut the sovereign rating one level to A+, the fifth- highest classification, as it said the biggest OPEC producer?s deficit will increase to 16 percent of gross domestic product this year. The nation?s credit outlook is negative as the decline in oil prices makes it difficult to reverse the fiscal deterioration, S&P said in a statement.
?Credit metrics for oil producers like Saudi Arabia are coming under pressure,? said Steve #$%$, a money manager at Newfleet in Hartford, Connecticut, who helps oversee $12.5 billion of debt. ?It?s not likely to reverse until the oil prices go up.?
The widening deficit and a high reliance on energy revenue ?point to vulnerabilities in Saudi Arabia?s public finances,? the ratings company said. Brent crude has plunged 27 percent from this year?s high in May amid a persistent global supply glut. Still, public debt in Saudi Arabia is among the world?s lowest, with a gross debt-to-GDP ratio of less than 2 percent in 2014
Jerry , 2 weeks ago I was about 30 miles North of Nevada and I noticed A lot of Baled Corn Stalks for that Area.. I talked to several folks in ag and they indicated this is what the baled corn stalks were for.. President George talked about Cellulosic ethanol, but referred to using Switch Grass.. don
How much will Fidelity write off on Earnings day Nov 2 ?? Whiting Wrote off Over 50 % off the Purchase price of Kodiak oil today.. Reuters/Dickinson press carry story search ( Whiting writes off $2.57 billion in assets, including Kodiak ) . don
The number of idled wells was increased by 1 in August. The production was 80,861 BO , This is .0056 % less then the July oil production of 81,317 BO. don
The 101 oil wells produced 194,132 BO in a 31 day August. The Associated gas from oil was 167,653 mcft.
This Oil production was a Decrease of 5.95 % from the July Production, and the Associated gas decreased 3.65 % when compared to July of 2015. The Average Unhedged Bakken Oil price according to the NDIC in August was $ 29.52 this is a Reduction of $ 9.89 per BO from the July pricing. don
This will help you place a value on Fidelity Bakken oil assets.. Rig zone is reports ..Use topic s the Search if interested..don
“It’ll be interesting to see how this array performs year to year and how it compares annually with things as simple as cloud cover,” Bergrud said. “…A sunnier year, versus a cloudier year or snowier year, can really swing these outputs quite a bit.”
John Kearney, a staff representative from Minnesota Solar Industries Energy Association, said the fluctuation of sunshine is factored in to solar power planning.
“Solar customers understand how the erratic nature of solar impacts their energy requirements when they make their solar investment,” he said.
RELATED: Timeout! Minnesota city passes moratorium on solar craze
The co-op also found solar generation produced significant power swings that raised red flags over integrating the output onto the electric grid. The findings led GRE to recommend research into the potential for battery storage of solar energy as a means to distribute solar power on the grid.
“To me the take-away from this is, if it’s as erratic as they’ve found, then it probably makes it much harder than we expected, or were told, to integrate solar into our grid,” said Peter Nelson, public policy director for the Center of the American Experiment.
While Minnesota’s mandate does not apply to electric co-ops, 13 of GRE’s members have installed small community solar gardens in response to consumer interest.
Lake Region Electric Cooperative customers in Pelican Rapids, for example, can buy a solar panel for 20 years at a cost of $1,400. The investment takes 17 years to pay back without state subsidies, but the co-op has sold out a 40 kilowatt solar set-up, and most of a new 20 kilowatt array.
GRE is the 2nd largest Electrical supplier in MN. So if your car worked at 13.6 % of its potential would you be Happy.. I would Not.
If you think being a TV meteorologist is a crapshoot, try forecasting the amount of solar power the sun will generate for the grid on a given day.
First year results from a Twin Cities solar power demonstration project show Minnesota’s moody meteorology makes the sun a relatively unpredictable source of electrical generation, but the fluctuation doesn’t appear to faze the state’s booming solar industry. A state mandate requires investor-owned utilities to generate 1.5 percent of electrical power from solar by 2020, one way or another.
“We’ve seen pretty significant output differences between December and June and July, which is anticipated, though I guess we didn’t have a firm concept of how large of a difference that might have been, when we started the project,” said Andy Bergrud, senior engineering project manager for Great River Energy.
GRE is owned by 28 member co-ops, making it Minnesota’s second largest electric power supplier to 650,000 ratepayers.
Great River installed a 240 kilowatt solar array at its Maple Grove headquarters in 2014 to test how solar technology performs in Minnesota to improve the design and operation of future projects.
GRE recorded ideal weather conditions — clear, sunny days from sun-up to sunset — just 10 percent of the time. Surprisingly, none of the perfect days came during typically sunnier, summer months.
Fair-to-partly-cloudy “partially ideal” days occurred 20 percent of the year. Cloudy and overcast conditions blocked out direct rays 70 percent of the year, with November, December and January particularly bad due to snow.
Overall, the solar facility produced power at an average of 13.6 percent of its potential capacity, generating enough electricity to supply about 30 homes.
22 % efficient, and this is the High Efficient Model., This is Based on Perfect sun lite conditions.. Then You have Partly Cloudy, Cloudy ,foggy and Snowy days..don
This article appears in todays MN Star and Tribune . Search ( Xcel Energy plans more wind, solar power and less coal ). don
it appears the Financial analysts believe MDU will have lower earnings in 2016, because yesterday they dropped the 1 yr target Price to it lowest in Years.. Now the target is $ 20.33, in Mid July it was $ 25.17..
Today also Mdu should have paid the Quartely dividend.. don