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National Fuel Gas Analyst Day - Transcript

And so, many I think, I think a focus of many analyst was on the price, was on the evaluation, the price on the carrier and in some speculation that we really didn’t receive the price per acre that we expected to receive. And the fact of the matter is what we talked about is, we talked about two deals where we are relatively close that we almost, that we’re very close to doing a deal twice. And with respect to those evaluations, we’re, you know, we wouldn’t have gotten to their point if we weren’t comfortable with evaluation. And I expect our, our expectation of evaluation higher than many of the write-offs that I read. I mean, we expected a very good price per acreage, why? We think we have great acreage. You know, we have compelling growth plans. We knew that. And perhaps, most importantly, we knew we can do this without doing the joint venture. We have a pretty good plan moving forward, we found to joint ventures. So, that essentially allowed us to trade hard, it allowed us to basically look for a very good price per acre. And frankly, allowed to say no and to move forward.

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