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Monday, August 2, 2010

For Investors - Price Action: Oil, Natural Gas, MDU

August 2, 2010, 10:00 a.m.

For investors:

Price of oil breaks through $80.

Natural gas right around the $5.00 mark.

MDU is starting to move, along with the rest of the market.

I don't hold MDU but I used to and I follow it closely. If natural gas breaks through $5.00 and sustains above that level, MDU should do very, very well.
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2 comments:

  1. dholmenAugust 2, 2010 at 5:58 PM

    I bought $5000 worth of Oasis when it went public.
    6 weeks later it is now worth $5950---Also purchased shares of MDU--Good to buy the Bakken

    ReplyDelete
  2. Bruce OksolAugust 2, 2010 at 6:16 PM

    I did not buy Oasis, and probably missed an opportunity; I'm just stretched so thin on capital invested elsewhere. I am thrilled that you did well.

    I was out and about all day today, but it gave me time to think. I thought it would be interesting to post thoughts about a "diversified" portfolio of companies in the Bakken. Oasis would be included.

    MDU will be a longer-term buy/return but it balances the more speculative stocks in one's portfolio.

    ReplyDelete

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