I own some WEC and they are proposing to build west to the frack sand mining area. There are also a number of communities along what would be the right of way that wants them to provide natural gas.
It is obvious that the shareholders think that MDU is doing pretty good because the stock is at a 5 year high and even this last market shakeout has not been able to upset it. Actually if you factor out the $15 natural gas built into MDU back when oil was $147, it is really at an all time high. That July 2008 high had nothing to do with its on going businesses.
The problem is that we are at the mercy of the market and those clowns that trade ETF's. Those ETF's are murder on the good stocks that are in them. If you really like this stock hang on or buy more. This market turbulence will pass.
Only 13% of the hydrocarbons in the Bakken are made up of natural gas and most of that is natural gas liquids. Very little is actually methane. Now if there is a lot of propane in the NGL's that KOG produces then that would help because there is a shortage due to the cold weather.
Not on OXY. Think about it, 80% held by institutions that have great difficulty getting in and out. It trades 3.6 million shares per day. The ETF's have more impact on his stock then any message board. Listen to coachzack, he hit the nail right on the head.
Possible that something might happen (I stress might) since the dividend increase announcement is usually around the middle of February. They generally only increase the dividend one time per year and you would think that management would bake in some of the prospective changes into that increase.
No one would blame you if you shied away from buying Occidental Petroleum Corporation (NYSE: OXY ) over the past couple years. While so many other oil companies were taking off with shale, Occidental was working through a toxic management squabble that left the company rather rudderless. Now that management problems are behind it, the company has come up with a plan that could prove to be a much more successful future. If you have been shying away from this company, perhaps this earnings report coming up would be a good time to get back up to speed with Occidental.
One thing investors should look for is what the company has planned in the Permain Basin. After decades of operations in the region, the company is going to finally start taking shale oil development there seriously. Occidental is really hoping that Pioneer Natural Resources (NYSE: PXD ) is right and there are 50 billion barrels of oil in Permian shale, especially since Occidental is by far and away the largest acreage holder in the region.
Fourth-quarter sales of $3.0 billion, 8% above prior-year quarter; EPS $1.59; adjusted EPS of $1.55, up 12%*
Full-year sales of $11.9 billion, up 6% from 2012; EPS $5.87; adjusted EPS of $5.93, up 6%*
Record full-year operating cash flow of $2.9 billion
Completed three world-scale hydrogen plants with long-term customer supply agreements, increasing global hydrogen capacity by 40% to 1.4 billion scfd
8% dividend increase; 21st consecutive annual increase; new share repurchase program authorized for $1.5 billion
Full-year 2014 EPS guidance of $6.25 to $6.55; up 5% to 10%*
First-quarter 2014 EPS guidance of $1.48 to $1.53, up 7% to 11%*
Hopefully ARG will also have a good report with encouraging forward guidance!!!!!!!!!!!!
Based on what I see on the message board, no one bothered to listen to the conference call. They talked about the dividend, which will most likely be raised and funded in the future by a much smaller company and one that was a great deal of free cash flow. Nothing about the split up was directly stated but was eluded to by the CEO. California is assets are much different than the Permian and will be split off from the rest of the company. Sounds like into a separate company that can be an aggressive E&P that probably will not pay a dividend. No mention of the chemical company or the pipes; however, I tend to think they may keep both and divest most of the international. Whatever comes in as cash will most likely be used to buy back stock and shrink the company down by that amount.
When asked about the CEO search, Chazen commented that he would probably be running more of these quarterly meetings than he had hoped. Based on what was said, I would expect a special conference call sometime this year to roll out the changes or multiple calls as the restructuring continues.
I also see the stock went positive as all the fast change artists who trade on the headlines and don't bother to listen to the call may have finally woke up. Maybe the analysts have gotten the word out on what Chazen had to say. I think the reason why this process is going slow is that there are a lot of oil properties on the market and one needs to be patient rather than take bad offers.
Finally margins are improving and their goal is to raise returns on capital from a little over 12% to north of 15%.
There are a lot of rock people. Do not be fooled into thinking that the people on wall street actually know what the heck they are doing and even have a remote idea about what this other than it is in the biotech space.
Not an out right statement; however, in the conference call the subject was brought up and it looks very likely that the California assets will be packaged into a separate company and spun off. Sales from Mid-east properties will be used to buy back stock. The Permian basin is where the action is, especially the shale. OXY has the biggest position. No mention of chemicals or midstream.
Under promise and over deliver or start looking for another job. When you have an E&P company mixed in with a utility it is almost impossible to get an accurate picture of revenues and earnings due to commodity prices. Dominion had this problem and sold off all their E&P businesses.
Oil: Price briefly tops $100 as demand for fuel rises (Excerpt below from associated press 2 days ago)
Energy analyst Stephen Schork said oil's rise was brought about by rising prices for wholesale gasoline and low supplies of diesel and heating oil. That combination will encourage refiners to buy and process more crude oil.
"It's a function of a products pulling crude," he said. "The market needs product."
Heating oil supplies have declined as a cold and snowy winter has homeowners constantly cranking up the thermostat. The Energy Department said Wednesday that supplies of distillates, which include heating oil and diesel, fell by 2.4 million barrels last week and are now 12 percent below year-ago levels. Heating oil futures gained 6 cents to $3.05 a gallon.
While some drivers have stayed indoors this winter, gasoline demand is turning out to be stronger than expected, Schork said.
Wholesale gasoline futures increased 7 cents to $2.75 and gained 15 cents, or 6 percent over the last three days.
I like this stock and own quite a bit along with some of my friends, children and even grandchildren (UGM). I think your targets are way to optimistic since even the 2015 PE is over 20 and the growth rate is only 7.5%. This is a utility not a fast moving biotech or shale oil company. 8 to 10 % total return per year.
So Wisconsin will lose 400 jobs. That happens all over for various reasons. What I do not like about this post it is a number in a vacuum, When you look at December 2013, the most resent month available, we find that the unemployment rate in WI went down from 6-3 to 6.2 percent and is way under the national average. This happening not because the participation rate is falling also but because of near 4000 additional jobs added in December. It also looks like they added about 45,000 jobs for the whole year.
Guess Walker has done a pretty good job and WEC has also put up pretty good numbers. Why do you Libs constantly run your mouths with misleading info.
It is not so much the debt itself but the fact that in order to drill at the CAPEX program they desire they need to take on more debt. Peterson said it again today that they would be cash flow neutral by the end of 2014. Once this happens KOG will explode to the upside similar to the way the natural gas shale drillers did about 6 - 8 years ago. The presentation at the Credit Suisse conference went very well today. They used the new slide show on the web site.