Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Senior who wrote (42370)	6/27/2011 10:08:21 AM
From: E_K_S	Read Replies (1) \| Respond to of 78519

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