Nice headline story at Yahoo!Finance: ride the rails.
(Interestingly, Warren Buffett's Berkshire Hathaway Inc. these days trades more like a train stock than anything else, owing to its Burlington Northern railroad division acting as the its biggest source of profits and most of Berkshire's cyclical exposure. Any serious selling in Berkshire based on a cooling railroad sector would be a gift to investors looking to grab this unrivaled collection of assets at an even slimmer premium to book value than it currently commands.)Yes, Berkshire is a railroad stock right now -- and the article failed to mention the Bakken.
Hess announcement to get out of the refining business? Investors loved it. Share price popped from $59-range to $63 at the opening. EPD at an all-time high today; a solid jump.
Active rigs in North Dakota: 190.
I've added another Bakken link to the sidebar at the right: ShaleExperts.com.
Eight (8) new permits --
- Operators: Whiting (4), Hess (3), True Oil
- Fields: Red Wing Creek (McKenzie), Park (Billings), Timber Creek (McKenzie), Robinson Lake (Mountrail), Zenith (Stark)
Producing wells completed:
- 21698, 181, XTO, Flatland 11X-2F, Sand Creek, t10/12; cum 488 bbls 11/12;
- 22788, 366, Crescent Point Energy, CPEUSC Szarka 25-36-159N-100W, wildcat, t9/12; cum 12K 11/12;
- 22413, DRY, Hess, AV-Claire 163-94-211H-1; Forthun;