They picked up another company, they service almost all the east coast where it as been unusually cold, and they are also in the storage business which stands to gain a ton. The do not drill the nat. gas and these are the only companies who stand to loose in the "energy crisis" why then the drop in value?... Not very smart and a lot of underselling. This is a stellar, stable company well rooted in infrastructure. Once oil goes back up (yes it will eventually) they will be sitting on cheap nat. gass which they can sett at a premium rate.
Sentiment: Strong Buy
Agree way oversold. Been in this since 7/2002 . The market was in a panic and the yield was 5.6% at the time.
Part of the selling is interest rate raise expectations, but, people should not expect that rates will be going over 4% , let alone 5% anytime soon. We look to be in a pattern that we were in the the 1950's.
One of the coldest winters on record........they must be selling more gas than normal and income should be very good. What have I missed with the Zacks sell statement.