The Land Report


The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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Page 23 of 99

MarketWatch A National Roundup of Rural Real Estate News COMPILED BY STEPHEN O'KEEFE, CFA SH UT TERSTO CK PACIFIC Redford Lists Napa Valley Retreat The actors's 10-acre estate in St. Helena near Meadowood Resort is listed for $7.5 million with Steven Mavromihalis and Chuck Sawday of Pacific Union International. MIDWEST John Deere Reports Another Strong Quarter Sales and earnings at Deere & Co. stay strong despite continuing tariff woes. US farm operators continue to buy equipment that can improve productivity. SOUTH Substantial Upside Potential for Callon Petroleum Natchez-based CPE operates in the Permian Basin of West Texas. Four out of five Wall Street analysts rate it a BUY with an average target price of $17.39. GREAT LAKES Is Mosaic Fully Valued? Wall Street analysts have set a $35 price target for the Minnesota fertilizer company. That's only a few dollars above the current price. Consider the possibility that MOS is fully valued. WEST Slowdown in US Residential Market Challenges BCC Rising building costs and higher mortgage rates are pressuring building materials companies such as Boise Cascade. Analysts still have a bold $47 target in place. GREAT PLAINS Bakken Production Reaches New Highs The North Dakota Department of Mineral Resources reports that daily crude output and natural gas output hit record levels in August. Producing wells also hit a new high: 15,103. SOUTHWEST CLR Earnings Forecast at 21% in 2019 Strong production numbers from North Dakota's Bakken Shale and Oklahoma's SCOOP play bode well for Oklahoma City-based Continental Resources. NORTHEAST Bright Outlook for Clean Harbors Continued growth in US manufacturing is lifting CLH, which manages hazardous waste for numerous Fortune 500 companies. Stifel Nicolaus projects an 11% jump to $70 per share. 22 L ANDREP ORT.COM e LandReport | FALL 20 18

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