2012-12-28
| Signal | Price | Bias | Subject | Owned |
|---|---|---|---|---|
| COMMENT | $12.470 | BULLISH on RESOURCES | RESOURCE | Unknown |
Have been shifting from gas production to oil. Have this prolific area in North Dakota, which is Bakken oil. Cut their distribution earlier this year so their cash flows are more in line with what their exploration plans are. Natural gas weighting should move down from 70% to about 60%. 8.7% dividend should be sustainable.
Michael Giordano
VP Investments & Portfolio Manager,