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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (31694)	8/3/2008 1:02:11 AM
From: E_K_S	Respond to of 78746

Thanks for the info. I also found MDU in my search. They have a pipeline and energy service subsidiary called WBI Holdings wbiholdings.com . They will be completing a new pipeline in the region which should come online in 2010. Here is a pretty good article that mentions WBI Holdings. bismarcktribune.com From the article:"...A Bismarck company is planning a 100-mile-long pipeline to carry natural gas from the Bakken shale formation in North Dakota and Montana to an existing pipeline that moves the gas to Chicago. Williston Basin Interstate Pipeline Co., a unit of MDU Resources Group Inc., hopes to have the pipeline completed in mid-2010, said Tim Rasmussen, a company spokesman...." The balance sheet for MDU looks solid with good free flow cash flow finance.yahoo.com . They have several different business operations that could benefit from the new build out in this region. The company is near its all time high and reports earnings next week. PE is around 13 and their dividend is small at 1.8%. This is one worth watching and I may pick up a starter position if their earnings report is positive. Buffet was pretty smart in both his BNI and Conoco buys. In 1988 Burlington Resources was spun out from Burlington Northern Railroad Company (now BNI). Burlington Resources bought Poco Petroleum in 1999 Canadian Hunter Exploration in 2001 and a few other foreign natural resource companies in 2002. In 2006 ConocoPhillips buys Burlington Resources which is now one of Buffets largest holdings along with BNI. I wonder if there will be so much natural gas produced in the Bakken region that they will eventually transport LNG by rail (using BNI trunk lines). If our nation converts to NG to fuel our auto and truck fleets, distribution by LNG rail would be the most cost effective method. EKS