BusinessWeek, yes, that BusinessWeek, says North Dakota's oil patch is "off the chart."
I thought I was the only one who was irrationally exuberant over the North Dakota oil industry.
Tuesday, July 6, 2010
For Investors Who Use The US Post Office ....
... it might be time to stock up on "forever" stamps which can still be purchased for forty-four cents.
Rates are gonna go up.....
Rates are gonna go up.....
Global Warming
Let's see, last time I checked this is July.
I see that the Beartooth Pass is closed due to snow. The pass is located at the state line between Montana and Wyoming according to the news report: that covers a lot of territory.
I see that the Beartooth Pass is closed due to snow. The pass is located at the state line between Montana and Wyoming according to the news report: that covers a lot of territory.
This Probably Should Not Be Advertised
Budget surplus for North Dakota is now estimated at $800 million.
This is probably something that should not be advertised. It is too tempting for the Federal government to redistribute money from those states with a budget surplus (only one that I know of) to those states with a budget deficit (about 49; some worse than others, with California, Illinois and New York on the critical list).
Again, these links tend to break soon and may require passwords to access archives.
This is probably something that should not be advertised. It is too tempting for the Federal government to redistribute money from those states with a budget surplus (only one that I know of) to those states with a budget deficit (about 49; some worse than others, with California, Illinois and New York on the critical list).
Again, these links tend to break soon and may require passwords to access archives.
NOG Reports a Couple of Great Wells
I'm traveling so my notes will not be as long as I would like.
NOG presents an update with two great wells: Stallion and Sniper, 2,753, and 3,784, respectively. Of the many opportunities to invest in the Bakken, the companies I tend to accumulate shares in are CLR, NOG and ENB. Others that I like, but just not enough cash to go around: KOG, St Mary, WLL, EOG, maybe BEXP (a good trading stock?), MDU.
Again, we all know the discussions regarding IPs, 24-hour flowbacks, etc., so for newbies, the above production rates will decline horrifically. Having said that, the Stallion well has produced a total of 119,166 barrels of oil equivalent ("BOE") over 125 production days, according to the press release. At $50/bbl, that is about $6 million and should just about pay for the well. NOG holds a working interest in both wells: cash up front and that's about it for NOG expenses.
I have held shares in MDU in the past and will do so in the future.
NOG presents an update with two great wells: Stallion and Sniper, 2,753, and 3,784, respectively. Of the many opportunities to invest in the Bakken, the companies I tend to accumulate shares in are CLR, NOG and ENB. Others that I like, but just not enough cash to go around: KOG, St Mary, WLL, EOG, maybe BEXP (a good trading stock?), MDU.
Again, we all know the discussions regarding IPs, 24-hour flowbacks, etc., so for newbies, the above production rates will decline horrifically. Having said that, the Stallion well has produced a total of 119,166 barrels of oil equivalent ("BOE") over 125 production days, according to the press release. At $50/bbl, that is about $6 million and should just about pay for the well. NOG holds a working interest in both wells: cash up front and that's about it for NOG expenses.
I have held shares in MDU in the past and will do so in the future.
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