MDU Resources Group, Inc. MDU

The board of directors of MDU Resources Group, Inc. (NYSE: MDU) today reached a positive Final Investment Decision (FID) for MDU Resources subsidiary, WBI Energy, to construct its previously-proposed Bakken East Pipeline Project. Based on secured customer commitments and the anticipated strategic and economic benefits for North Dakota and the broader region, the company has decided to proceed with construction of the Bakken East Pipeline with an initial design capacity of 1.4 Bcf per day. The pr

Activist investor Starboard Value has its eye on making some serious changes to construction company Knife River and the stock market has approved of the first effort. Knife River stock rose 4.3% to $53.66 in premarket trading on Thursday after Starboard Value said it has taken a significant stake in the company, and that if shareholder returns don’t improve the board should consider a sale. Shares of Knife River declined 7.9% on Wednesday and have fallen 27% this year.