Questar Approves Split

In all the "background noise" of the Bakken and this blog, I completely forgot about Questar. When I first came across this company some months ago while looking at the NDIC dockets, I was very impressed. Shortly thereafter, I saw that Questar was going to split off its regulated pipeline and distribution company from its E&P business which is operating in the Bakken.

At that time, I said that if I had the money, I would invest in Questar. As it is, I am pretty much maxed out in energy in the Bakken and did not want to add yet another holding, but "on the surface," (no pun intended) Questar post-split looks like another good bet in the Bakken.

Natural gas, by the way, is now over the $5.00 threshold and is trending up. If the "tea leaves" are correct, that the country is gradually adopting natural gas, then both the pipeline/distribution company and the E&P company look all that more attractive.  

That plan for the spin-off has been approved.