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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (42370)	6/27/2011 10:08:21 AM
From: E_K_S	Read Replies (1) of 78523

MDU acquires an additional 20K acres Leaseholds in Bakken. June 27, 2011, 8:34 a.m. EDT MDU Resources Announces Bakken Leaseholds Acquisition, Provides Production Update and Reaffirms Annual Earnings Guidance marketwatch.com From the article:"...- MDU Resources Group, Inc. /quotes/zigman/237029/quotes/nls/mdu MDU +0.45% today announced the acquisition of 20,000 additional acres of leaseholds in the Bakken oil play. The new leaseholds are in Richland County, Montana. The company now holds a total of approximately 90,000 net acres of leaseholds in the Bakken...." ======================================================================= We may get another chance below $20.00/share as company says short term exploration & development activity being delayed (due to weather) & Q2 earnings to come in at low end of guidance. They are however, setting up their table for a sustained E&P drilling program in the Bakken. They are on track to spend $300M in 2011, EKS

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