MDU Has a New Corporate Presentation

I'm a bit surprised at the audacity of MDU in this new presentation. It starts out with "Welcome to the Bakken. It's in our backyard."

And yet, Fidelity has been one of the most lackluster E&P companies in the Bakken. They should be quite embarrassed. Fidelity has all of one (1) active rig in North Dakota. One active rig.  CLR came out of nowhere to have 18; even Slawson has so many more. Even Kodiak (KOG) -- with $400 million market cap and only 16 employees -- has two (2) rigs in the North Dakota Bakken.

However, that doesn't mean I wouldn't argue against investing in MDU: a) it is in the Bakken (cement, pipeline, electricity -- all infrastructure support); b) an improving economy helps MDU's other divisions; and, c) the stimulus money is working its way through the economy and MDU will benefit with some big construction projects.

I'm just a bit surprised that MDU would call attention to itself being headquartered in the Bakken when its E&P history in the North Dakotan Bakken seems to me, at least, quite lackluster. One active rig.