on november 4th 2013 motley fool had an article on national fuel and talked about the capital outlay exceeded the operating cash flow for the past couple of years and the company has had to borrow to make up for the difference ... the article seemed to mention that since the company is now becoming more of a growth company the money spent on the dividend could be better spent on growth...... i don,t think the current management would touch the dividend ..... the company has always paid a dividend since it was begun about 120 years ago and has increased the dividend for the past 42 years......i think once the price of natural gas rises there will be ample cash.......
I saw some large buys the last 5 minutes before close. 4K. The rest of the day all I saw was
small trades- a few hundred. Well i'm still down huge but i'm glad it didn't close at the low.
I hope tomorrow it can go to at least 70.00.
I'm listening to analyst day now, to be honest, this is a LOOOONG presentation, and the jargon is mostly beyond me. I guess it was a bit disappointing to those listening, thus the price action. As nothing more than a somewhat informed lay person, nothing seemed too out of line of the partial bit of presentation I've listened to thus far. Early part of call did mention the low price of NG, what that might mean for NFG, and how the company is dealing with it.