Are On Search MDU Montana Dakota
Resources Group Page
Public Service Company That Seems To
Be An Investment Company
Now They Want Another Rate Increase To Cover Their Gas Investments
Did They Need to Build a Diesel Refinery? Did They Need a Oil and Gas
Did They Need To Do a Billion Dollar Offering?
MDU - And Their Rate
MDU - And They Get A Rate
dont seem to
be suffering for doing a billion dollar offering
And the company stock valuation is down by over half - year over year!
MDU - Salaries
Had Two Floors In This
Denver Sky Scraper
Fidelity Dropping Out
MDU - Flashback Nov.2014 -
Build A Second Refinery
History Of MDU
By the 1980s, when the
revenue from the utility operations began to plateau, it reorganized
into MDU Resources and
began an aggressive program of diversification into closely
related but unregulated industries.
This diversification program has succeeded to the point where the
utility operations are no longer the company's main source of revenue.
MDU - History
They Need to Build a Diesel Refinery?
MDU - Sells Refinery June
Of all the upstream, midstream, downstream operations, you have
the one most price bound.
There is a reason no new refineries have been built in this country,
you need huge daily capacity to make a buck.
MDU - Refinery Loss
The Largest Refineries In
The United States
Bucking The Trend
Qatif - 800,000 Barrels $1.2 Billion -
MDU - 20,000 Barrels - $450 Million
Aribia Production Facility Being Built
- Completed In 2004 - 800,000
bbls a day
to the press release
from Chicago Iron & Bridge Qatif was constructed for $1.1 billion
GOSP Was Built By CB&I
10 years later MDU
Resources & Partner Spent $450 Million to Build a 20,000 bbl a Day
Dickinson North Dakota - It Was Over Budget and Over Schedule and
Showing a Loss in All of 2015.
In Fact A $27.5 Million Dollar Loss In 12 Months - Came Online May 2015.
Hundreds Of Millions Down The E&P - Liquids Rabbit Hole - The data
to indulge was based on What ?
Media Hype - Political Hype - Bar Room Hype
Saudi Arabia - Ghawar Field Boom Or Bust
They Need a Oil and Gas Exploration Company?
Fidelity Exploration and
Production Up For Sale
Flashback May 2014 - The
State Of Bakken Investments
They Need To Do a Billion Dollar Offering?
October 2014 - But while less than
the industry average, the company's debt — and the debt of Centennial
Energy Holdings Inc., a holding company for its nonutility operations
— was downgraded by Fitch Ratings
in June. The downgrade was “supported by concerns about the increased
business risk associated with the ongoing expansion
into the higher risk upstream business at Centennial and its
impact on the risk profile on both companies,”
Fitch Ratings said in a statement accompanying the downgrade in June.
The ratings agency also cited a decline in the company's free cash flow
due to higher spending on upstream operations as another driver behind
Just last month, the company cut its earnings outlook for the full
year, citing challenges with the Paradox Basin.
MDU - 2014 Stock Debt
Centennial Energy Holdings
Do They Need A Rate Increase?
Do you ever wish you had a business
where every one of your customers has to send you money for everyday of
every month, of every year.
Wether you buy any of their product
or not? I Do.
Isnt it funny natural gas is at a
all time low and MDU was created as a public energy provider and
natural gas is being burned off into
the prarie sky and they seem to buy
and do everything but what the core of the company was or is or should
For all the money threw at
they seem to have overlooked what it is that they do,
Certainly someone at MDU is or has
or should be looking at long term data of decline and production of the
bakken and other plays!
They should be asking for
rate decrease and a pay decrease of their executives.
No one asked them to indulge in risk without dilligence.
The AARP also objects to
MDU’s proposal to increase its fixed monthly charge and phase out its
charge based on usage.
Coffman said the group believes the usage charge should remain in place
to be fair to small users and give customers more control over their
He noted that if the PSC approves the settlement agreement in its
current form, the fixed monthly charge will jump to $19.60 –
more than double what it was two years ago, before the commission
approved an increase from $9 to $15 in April 2014.
The Rate Increase Scaled
MDU Resources - Month Chart
Feeling The Squeeze
Return To Index Home Page -
To the fullest extent of
the law, we will not be liable to any person or entity for the quality,
accuracy, completeness, reliability, or timeliness of the information
provided on this website, or for any direct, indirect,
incidental, special or punitive damages that may arise out of the
of information we provide to any person or entity (including, but not
limited to, lost profits, loss of opportunities, trading losses,
damages that may result from any inaccuracy or incompleteness of this
We encourage you to
invest carefully and read investment information available at the
websites of the SEC at http://www.sec.gov
and FINRA at http://www.finra.org.
IF YOU DO NOT AGREE WITH
THE TERMS OF THIS DISCLAIMER, PLEASE EXIT THIS SITE IMMEDIATELY.
PLEASE BE ADVISED THAT YOUR CONTINUED USE OF THIS SITE
INFORMATION PROVIDED HEREIN SHALL INDICATE YOUR CONSENT AND AGREEMENT
TO THESE TERMS.
Honor - Respect - Freedom - Country - USA