Mario Gabelli Talk about National Energy Gas Co .

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National Energy Gas Co. (


) (4.9%) (NFG AAA $50.05 AAA NYSE).

is a varied natural gas company. NFG possesses a controlled gas.
utility offering the area around Buffalo, New York, gas pipelines.
that move gas in between the Midwest and Canada and also from the Marcellus.
to the Northeast, gathering as well as handling systems, and also an oil and also.
gas expedition and production business. NFGAAAs controlled utility.
as well as pipe companies, along with its California oil production.
company, provide steady profits and also capital to support the.
returns, while the natural gas production company offers.
considerable upside capacity. NFGAAAs ownership of 800,000 net.
acres in Pennsylvania, including 780,000 acres in the Marcellus.
Shale, holds enormous gas reserve possibility. On February 4,.
2016, NFG took near-term strategic actions to adjust to the recurring.
low gas cost setting in the Marcellus: (1) reduced the.
2016 funding budget (2) delayed the North Gain access to 2016 pipeline.
growth by approximately one year with brand-new in-service target date of.
November 2017, as well as (3) reduced its exploration program to run one.
gear in 2016 as well as 2017. NFGAAAs activities highlight its one-of-a-kind possession.
mix and versatility to endure the current clinically depressed cost.
setting. The company continues to lower well costs and also essence.
operational performances, leading to reduced required break-even.
awareness in the WDA. We continue to anticipate over ordinary lengthy.
term revenues as well as capital growth from quickly growing gas.
manufacturing as well as purposefully located pipe growth. The.
firm has boosted its reward for over forty successive.

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Mario Gabelli.



)’s Gabelli Utilities Fund very first quarter 2016 discourse. Around.
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