Puggymuggs - Good luck with your investment in MDU Resources. I hope the stock starts an uptrend. Here is good news about the stock. At least I think it is good news:)
Monday December 3, 11:36 am Eastern Time
Press Release
SOURCE: MDU Resources Group, Inc.
MDU Resources Reports No Credit Exposure on Enron Dealings
BISMARCK, N.D.--(BUSINESS WIRE)--Dec. 3, 2001--MDU Resources Group, Inc. (NYSE:MDU - news) today announced that based on currently available information, it has no credit exposure as a result of dealings its subsidiaries had with Enron Corporation.
MDU Resources' subsidiary, Williston Basin Interstate Pipeline Company, has natural gas in storage for Enron, but it has been prepaid for those services. Other MDU Resources subsidiaries currently are not using Enron for hedging natural gas and oil, nor are they using Enron's marketing services.
MDU Resources Group, Inc. provides energy, value-added natural resource products and related services that are essential to our country's energy, transportation and communication infrastructure. MDU Resources includes electric and natural gas utilities, a natural gas pipeline, utility services, natural gas and oil production, construction materials and mining, and energy services. For more information about MDU Resources, see the company's Web site at www.mdu.com or contact the investor relations department at investor@mduresources.com.
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Contact:
MDU Resources Group, Inc., Bismarck
Phyllis A. Rittenbach, 701/222-7741
Take Care,
Greg
