Fund invests in western ND energy patch
MINOT (AP) — A Minot-based company is giving investors an opportunity to share the wealth from the booming energy development in western North Dakota.
MINOT (AP) — A Minot-based company is giving investors an opportunity to share the wealth from the booming energy development in western North Dakota.
Integrity Viking Funds investment portfolio manager Robert Walstad says investment in the Williston Basin Mid-North America fund has grown from $2 million to $42 million.
The stock fund invests in nearly 50 companies operating in the oil and gas fields. Walstad tells The Bismarck Tribune the return on investment this year to date is 42 percent.
Integrity Viking acquired the fund from a Tennessee company, moved its management in-house and gradually converted its holdings to all Williston basin-related investments, completing the transition in May.
Tags: daily updates, news, oil, energy, patch
More from around the web
RSS Feeds