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

National Fuel Gas Analyst Day - Transcript

It works and we know everybody doesn’t agree with this model but we see the advantage of it on a day to day basis. You know, how these subsidiaries work together to strengthen each other, to help each other. I mean, neither just some examples from an operations perspective where the pipeline to storage network, they did bring assets, and more importantly the capabilities in those arenas, greatly if Seneca can bring its production to market. You know, we have a very few wells shut in because of lack of infrastructure and as many of you know, that’s not typical when the Marcellus. And that’s because we’re able to work together with our subsidiaries.

NFR, our gas marketing company, which by the way, it doesn’t really speculate at all, the kind of market around that sense, it packs everything up. It sells gas to retail customers and pass that up. Our gas marketer, our utility, our two are two of the largest customers on our pipeline to storage system, in capacity and in storage. But perhaps, more importantly it’s the shared resources. I mean, we share facilities, we share rights away, we share systems, we share employees and allocate them across the subsidiaries. And this provides us with a terrific efficiency and an advantage, not only for our shareholders to company, our National Fuel Gas Company but for our customers as well. And there are numerous financial benefits to the model, we think that this diversity of earnings, this mix has allowed us to outperform, markets outperform our peers over the long term. In large part, it’s due to the mix of the regulated earnings which are very predictable, not commodity sensitive we pretty much know what we’re going to get on the regulated side. That provides some downside protection, but that mix with the opportunistic, upside opportunity, particularly in E&P, we think has helped us in the long run.

4 of 6

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


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs