my bet is a Oct top.. IPO's and Tech..Both are over priced in most cases.. AAPL sold 74 Million iphones with a $ 668 average.. yes for a )(*&^%$#@#$%^& phone.. I guess I will stick with my wall mounted rotary dial Western Electric unit.
I own some apple bougth it about 2 yrs ago and have done very well, with it., but was a lot cheaper then. don
Also when Capital assets are sold ( everything gets sold some day ) and the price has not risen, the Fed gov, state gov do not get as much Tax for the sale of the inflated asset.
When # 2 Field corn was selling for $ 8.00 per Bushel, the Good farm land around Fairmont MN sold for approx. $ 12,000 per farmable acre. Now tat Corn has gone done to Approx $ 4.00 per bushel the same acres are selling for Approx $ 9,000 per acre.. So capital gains tax on $ 3,000 per acre is a good chunk of money. don
Hiland partners was Public in 2006-2009 when market crashed in 2008 the price fell very hard, Harold Hamm took the entire public traded company private. Hiland partners was owned by HH and as ain a trust for the children he had with his first wife..
I wonder if he will use the proceeds to purchase property in The Williston Basin. ( Fidelity) owned by MDU has property for sale, I wonder if OAS could be a candidate, or NOG, both these are WB based only..OAS has leases /wells near /around the CLR property..
The Directors Cut from the NDIC came out several days ago . ND has 775 Bakken ?TFS well drilled waiting completion. this is a increase of 125 from the previous month..Director Helms said in press conference that it wil be until the 3rd qtr before ND see a real cut in oil output..All of these over production/then production cuts to a reasonable number take longer then Most people anticipate. .There is so much future oil production in many different stages of readiness or completion. Those that are hedged will be fine , those not hedged are gone. don
For those interested in Bakken oil wells, google ndic directors cut.
the New edition is just out and there are 775 Bakken well waiting completion. here is a segment . don
The drilling rig count dropped 3 from October to November, 7 more from November to December, and has since fallen 25 more from December to today. The number of well completions decreased from 145(final) in October to 39(preliminary) in November. Oil
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price is by far the biggest driver behind the slow-down. Operators report postponing completion work to avoid high initial oil production at very low prices and achieve NDIC gas capture goals. There were no major precipitation events, but there were 11 days with wind speeds in excess of 35 mph (too high for completion work) and 7 days with temperatures below -10F.
Over 95% of drilling still targets the Bakken and Three Forks formations.
The drillers far outpaced completion crews in November. At the end of November there were about 775 wells waiting on completion services, an increase of 125.
Crude oil take away capacity is expected to remain adequate as long as rail deliveries to coastal refineries keep growing.
Rig count in the Williston Basin is falling rapidly. Utilization rate for rigs capable of 20,000+ feet is currently about 80%, and for shallow well rigs (7,000 feet or less) about 50%.
Unleaded gas in Bowman is $ 2.02 today. and diesel fuel is $ 2.89.. I see feed cattle are dropping in price, but still are strong .. I also read that NG article in SA..
The Retail shopping/spending for December dropped by 0.09 %, yes 1 % does not sound like much, but if it was all in nickels it would make a hell of a pile..
Amazon stock price has gotten smothered the last week.. I would think the Users of a lot of Diesel fuel, BNSF, Road construction, jet fuel are just smiling with glee..
Can anyone explain why the US treasury is not selling More 30 treasury bonds, when the 10 yr bonds come due and they have to RE-Issue debt to pay it. These rates could save the USA a lot of interest in the future..
Today the 30 yr treasury was as low as 2.40 % ..don
what I can not understand about MDU is OKE has went into ND and built or is building 1.2 Billion cft per day of ng processing.. Mdu owns a portion of a plant with Whitting in Belfield ND..And Now mdu has backed away from this NG pipeline.. just does not make sense... don