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

To: E_K_S who wrote (37721)	5/3/2010 1:07:00 PM
From: ValueAmigo	Respond to of 78476

Yes I am targeting bp from a distance hoping it continues to get pummeled.Under $40 would be an attractive entry imo. At about 3.1 bil shares outstanding quite a few shares will be sold to turnover the base before it stops falling. I see bp is approaching 100 mil shares traded (only 3.22% of outstanding) may see 200 mil + at the bottom?

To: E_K_S who wrote (37721)	5/3/2010 2:01:20 PM
From: Paul Senior	Respond to of 78476

EKS. Yes, I'll go for more MDU too. Upped my ira's MDU position 75% this a.m.

To: E_K_S who wrote (37721)	5/4/2010 4:33:45 PM
From: E_K_S	Read Replies (2) \| Respond to of 78476

RE: MDU Resources Group Inc. (MDU) FWIW Nibbled at a bit more of MDU which was off 1.4% (the S&P 500 was down 2.4%). The stock is now selling below it's SMA 50 for the daily, weekly and monthly charts. MDU's subsidiary company Fidelity Exploration & Production Company recently acquired drilling rights in the Niobrara Shale formation. No drilling or exploration by the company here yet, but we may see some head way in the next 12-24 months. Background on the Niobrara Shale Formation: oilshalegas.com EKS