one yr ago had a $ 33.00 + Stock price, the Market cap is $ 2, 900.000.000 less today.. Jr was wondering if Buffet would buy MDU, and the Utah oil production numbers were out.. .
Where will MDU be in one yr from today????? don
From today Billings gazette..
Eastern Montana electric bills could rise $178 a year to cover the costs of expensive pollution controls that may have been unnecessary.
At issue are pollution controls installed by Montana Dakota Utilities to comply with the federal Mercury Air Toxics Standards, or MATS. MDU spent millions on the upgrades, and like a lot of coal-fired power plant owners, faulted the Environmental Protection Agency for not giving more consideration to the cost of compliance.
That’s exactly the kind of steep expense the U.S. Supreme Court cited in July when it faulted the EPA for not considering the expense of mercury pollution controls. A lower court is now weighing how the EPA must factor in MATS costs when determining what can be expected from power plants.
The ruling came too late to benefit MDU customers, said Mark Hanson, utility spokesman. The MATS still exist, even if the EPA is grappling with a way to balance cost with enforcement. MDU is determined to comply by year’s end.
“The rule is still in effect. We still have a deadline to meet.” Hanson said. “It’s tough to run your business when you don’t know what the rules are.”
The construction bill for MDU’s pollution controls is substantial. At the coal-fired Big Stone power plant in South Dakota, upgrades to address pollution haze and mercury cost $348 million, according to records filed with Montana’s Public Service Commission, the state’s utility regulator. MDU has a 22.7 percent share in Big Stone and is passing its share of the bill onto consumers with rate increases. There’s also $16 million in mercury pollution controls planned for the Lewis and Clark power plant in Sidney.
as a source of material for the catalytic converters?? Gee looks like less then $ 1.5 Billion would own the whole company.. Keep existing management on to operate it.. thoughts ?? don
You may be correct, but the Volume of stock traded does not say a accumulation is occurring. and right now there is NO reason for acculturation . Do you know of some Fantastic info that will come out at the earnings call.?
Compared to Normal 3 month Average volume . Monday was 20 % light, 40% light on tues, wed 20 % light, Thurs 9 % light..
The earnings coming out are Not important , it is the Direction and Action the Company is taking forward that will Move the stock higher. Any thing Negative or problematic will push this stock 10 % or more lower..
Good Luck in your trading.. don
Yes Jerry i have been following BKH, I think the recent purchase of Source gas is a great move. I also believe that it is being done because of the current interest rate environment.. in not to many years we may look back and wonder what happened to the cheap interest rates.
Some have said in the past that Buffet should buy MDU, well it appears the current Management is making this company more affordable for a buy out every day..This ON again/ OFF again sale of The Fidelity unit has many large investors very confused, and the share price reflects it.. It is time for the MDU BOD to stand up and earn their pay, or shareholder lawsuits will be sure to start.. don
Fidelity in ND for May 2105 had 63 NG wells in the Cedar creek field, and 101 total Oil wells, These wells produced a total of 224,410 BO. and 225,574 Mcft of NG.
The oil production in May dropped by 5,299 BO , and the NG production also dropped by 5,895 Mcft when compared to April of 2015, the well count was constant.
In the Month of Jan 2015 in ND Fidelity had 63 NG wells in the cedar creek field and a total of 99 Oil wells.. These wells produced 299,526 BO and 263,702 Mcft of NG.
When Comparing Jan to May the Oil production has decreased by 25% or 75,116 BO . The NG production in the same time period has decreased by 12.2 % or 32,233 Mcft.
The NDIC posted the well info on Friday. don
the 6 stock analysts that yahoo has listed following MDU have Reduced the Mean I yr target price of MDU by .16 cents.. The price was adjusted down yesterday after it had risen on June 2 .. the .16 cents is not really material, but the direction of change is more important to me.. don
Today on CNBC , Boone Pickens is pushing his NG/LNG fuel plan.. convert the large trucks from Diesel to a NG product.. this is in Time Magazine also this week.. type in ( Natural Gas Is the Key To Winning the War on Terror ) to your search engine for this article.. don
the end of first Half of year, and start of 3 rd qtr tomorrow may throw this stock around real hard.. the 4 % yield is getting closer, with todays prices setting a new 52 week intraday low price..
I would not be surprised if MDU does not issue a earnings warning for the 2nd qtr.. was not a great qtr for elec.sales, to cool, was not good for NG to hot, was not a solid oil price , the Bakken production not under contract sold for low/mid 40 "s last month.
comparing April 2015 to Jan 2015
In april fidelity had 37 wells total, 24 produced, the rest were shut in . In Jan they had 35 wells total and 25 wells produced oil.
The April Production was 81,833 BO, with Jan having 84,817 BO..
The company that is as exciting as watching paint dry had a reduction in oil production of 2,984 BO.
The combined ND, and Utah production for April was 72,801 BO less than Jan 2015 for the 2 states.
April 2015 compared to Jan 2015
April 101 oil wells, and 63 NG wells cedar creek field, Jan 99 oil wells and 63 NG cedar creek wells
April oil production and Runs on 3 confidential wells. 229,709 BO, Jan oil production and runs on 8 confidential wells 299,526 BO
NG production Cedar creek field April 54,673 MCFT, Jan NG cedar creek production 58,401 Mcft.
Associated NG from oil wells sold in April 176.796 mcft, and Jan 205,301 mcft
Fidelity has 5 oil wel permits issued all for Mountrail county ND ....don