This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

2 Natural Resource Companies Respecting Nature's Beauty

NEW YORK ( TheStreet) -- The subject of mining the earth's natural resources while attempting to be good stewards of nature is not recommended for dinner parties.

Unless you like a heated debate, stick with the weather but don't despair. Having just returned from Alaska to examine the operations of a small energy resource company, I was encouraged.

In examining its operations and leadership attitudes I was struck by the fact that natural resource companies can, if they want to, respect the balance of nature.

The company I visited and carefully examined is a small-cap, high-growth oil and natural gas exploration, production and drilling company. What I saw and heard with my own eyes and ears was impressive.

Miller Energy Resources (MILL) and its wholly owned Alaskan operating subsidiary, Cook Inlet Energy, have three drilling operations in the Cook Inlet and the company told me and other analysts they're "on schedule".

One of its drilling operations referred to as "RU-1" has been drilled to a total depth (TD) of over 15,000 feet. I and a small group saw it and walked through MILL's Kustatan Production Facility (KPF).

We received a thorough explanation of all its detailed features by one of its operational managers, Frank Wara, and I learned first-hand that the process of drilling for oil and gas is costly and complicated.

This reminded me of what I call "The Great Dilemma." We all want abundant, inexpensive supplies of these vital energy sources, but we don't want the environment to be damaged in the process.

For example, I examined the company's impressive onshore and nearly completed drilling rig with the memorable name "Sword #1". It's been drilled more than half way to a TD of approximately 10,156 feet and the company has set and cemented in place a 9 5/8-inch casing string to make headway.

Objective well log analysis of Sword #1 produced significant gas hydrocarbon potential in a sand section covering a 200 foot interval from a measured depth of 8,268 feet with over 600 units of gas.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MILL $0.04 2.50%
APA $35.58 0.00%
AAPL $94.99 0.00%
FB $101.39 1.90%
GOOG $678.11 0.00%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs