A Bakken story (North Dakota and Saskatchewan). Lighter oil and closer to market. Great operators. Bought this one for the dividend payout. Keep diluting the stock either through acquisitions or new issues but have now indicated they are going to sit on the sidelines a little bit. Has been buying under $40. Company’s very good at cash flowing and paying their dividend. Yield of 7%.
Sr. VP & Managing Director, Northland Wealth Management