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MDU Resources Group Inc V.MDU


Primary Symbol: MDU

MDU Resources Group, Inc. is engaged in providing essential products and services through its regulated energy delivery businesses. The Company’s segments include Electric, Natural gas distribution, Pipeline, and Other. The Electric segment generates, transmits and distributes electricity in Montana, North Dakota, South Dakota and Wyoming. The Natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon and Washington. The Pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system in the Rocky Mountain and northern Great Plains regions of the United States. This segment also provides non-regulated energy-related services, including cathodic protection. Its Other segment includes the activities of Centennial Capital, which, through its subsidiary InterSource Insurance Company, insures various types of risks as a captive insurer for certain of the Company's subsidiaries.


NYSE:MDU - Post by User

Post by johnsmith2on May 19, 2011 9:33am
322 Views
Post# 18599478

Default on $4.8 mil Debt

Default on $4.8 mil Debt
This definitely is not a desired result. Given the major loss of revenue, it will be a challenge for MDU to avoid insolvency this year.
I wonder which MDU assets were made available to Wellington Financial under the loan covenants. Will QHR be interested in any of them given their strong balance sheet? QHR has been on an acquisition spree gobbling up bargains.

















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