I just came back from a trip into South central MN . and in this 550 odd mile travel noticed that the Price for # 2 diesel was equal to or a few cents cheaper the unleaded gas with a 10 % ethanol additive.
The last time I have seen when diesel was cheaper then gas was in Oct 2008- till spring 2009, and the USA was in a recession.. I also looked at the price increases in gas/diesel at the Gov site and in the last 6 weeks unleaded has gone up 27.7 Cents and Diesel 9.4 cents..
The Question is the USA going into a recession?? don
For those interested in A Seeking Alpha article on MDU a hodge podge of companies as described by a commenter years ago , you can Google ( MDU Resources: Breaking Up Is Hard To Do) for this informative article.. don
MDU has been involved with building a pipeline and working on the Treatment of material for many years...
Google ( $19 billion later, clean-up of WWII atomic waste site still stalled ) for the latest article from the Fiscal times..don
is available just Google ( MDU Resources Group's (MDU) CEO David Goodin on Q2 2015 Results ). this s provided by Seeking Alpha. The entire question portion is just 6 questions.. don
IF MDU makes $ 1.05 like they project, even if they have missed earnings 4 out of last 5 qtrs., that makes the payout on the Dividend at approx. 70 % of earnings..
So for capital projects do they then sell stock , or issue more debt?? don
I think the earnings will be on low side of projected .17 cent to.21 cents.. probably .18 cent.. down from last yr . 32 cents..
The winter Jan-March was Not that cold or that warm, so not a lot of excess NG sold for heat. The Road construction dept was mostly seasonally idled . The contentious E+P could not have made much if any profits, with the ND Average sweet price in Jan at $ 31.41, Feb at $ 34.11 and in march at $31.47..
I realize Fidelity has a good amount contracted/hedged, but the balance did not make them any money..
Today they announce the Start of the Refinery in Dickinson, 6 months late and $ 135 Million or 33 % over original budget.. This announcement was made to quell all the questions about it at the Earnings Call..
My Concern is if you projected operating costs, and Net profit structures on a Orginal price of $ 300 million and now this cost is $ 435 million, with profit structures tight in refining anyways, where did this Profit margin go..
Plant is to fully operational by End of May.. article from todays Dickinson Free press..don
Dakota Prairie Refining has named Mary Trost as its plant manager.
The Minnesota native who previously served as operations manager at BP’s Cherry Point Refinery in Blaine, Wash., will officially take command of the facility on May 18. She will replace Dave Podratz, who has been serving as the temporary plant manager.
Trost has more than 25 years of experience in the refining industry. She was chosen by WBI Energy Inc., which co-owns the plant, located west of Dickinson, with Calumet Specialty Products Partners.
“We’re excited to get her in place,” said Tim Rasmussen, a spokesperson for WBI Energy’s parent company, MDU Resources Group.
Trost has a Ph. D. in chemistry from the University of California and also graduated from the University of Minnesota. Before her work at Cherry Point, she was the maintenance leader at BP’s Texas City (Texas) Refinery.
The nearly-completed Dakota Prairie Refining facility is expected to refine 20,000 barrels a day of Bakken crude oil into diesel fuel, as well as other byproducts.
However, its progress toward operation, which began with a March 2013 groundbreaking, has been slower than expected. Rasmussen said the goal of having the facility fully operational by the end of May looks certain.
if You Google ( Gov. Dayton declares state of emergency over bird flu outbreak ) their is a article about this in the MPLS star and trib .. don
The numbers of chicken and Turkey involved in this bird flu is in excess of 10 million killed.
The outbreaks I am aware of are in the 2 Dakota's, MN , Iowa and Missouri..This will be a Real problem before it is over. don
R, Ziets has a Seeking alpha article on Crude oil topping units, this is What MDU and Calumet are building in Dickinson. The size of these Valero units are greater and less expensive then the Proposed MDU unit.
Google ( Crude Oil Topping Units: A Trend In The U.S. Refining? ) for complete article, or if a reader of SA look under VLO.. don
M. Filloon talk about potential upside because of WLL extensive refract , go to Seeking Alpha, or google ( whitings-extensive-refrac-inventory-may-provide-significant-upside ). don
Article in Billings Gazette today. don
Top executives from Montana’s largest mining company are relocating to Denver and plan to close its corporate offices in Billings, two years after a leadership struggle in which the company’s former chief executive was sharply criticized for spending too much time outside the state.
Stillwater Mining Co. Chief Executive Officer Michael McMullen told The Associated Press on Thursday that he is among five senior company officials who will make the move to Colorado this summer. About 15 corporate staff will relocate to Columbus, site of the company’s smelter and refinery and home of its registered headquarters.
The moves will save the 1,600-employee company more than $20,000 per month, a Stillwater spokeswoman said.
In 2013, McMullen’s predecessor, Frank McAllister, was sharply criticized during a shareholder-led effort to oust him for spending too much time out of state.
Among the critics was former Montana Gov. Brian Schweitzer, who emerged from the proxy battle as Stillwater’s chairman. The two-term Democrat at the time questioned how the company’s platinum and palladium mines could be effectively managed from outside Montana.
Schweitzer did not return a message seeking comment.
When/If the USA raises int rates this summer/Fall that will strengthen the US Dollar more..More money may flow to USA.. The Strength of US$ will hurt Ag related commodities, John Deeere, Cat, don