PVR looks good to me.As the coal may be used less and less. The adding of N/G pipe lines and the selling of standing timber looks like a good back up play to me.We just bought 500 shares for the 9% return.
It would look good to me except we have a president who is in the process of killing the coal business and all the jobs and cheap energy that goes with it. If Obama is re-elected, it's not only the end of America as we know, it's the sure death of coal.
I couldn't agree more.However, it would take awhile to replace the use of coal with NG, or whatever.If coal was to be replaced with NG.Our pipelines would move more NG. PVR has been adding to our pipelines.That looks like a back up play to me.Just in case the coal sells less and less .Then the demand for NG will increase.More income from the pipelines. I think they see it the same way you do.But they're getting ready the the change just in case.Until then ,we will take the money for the coal.
"Our operating income was $153.6 million in 2011, compared to $121.6 million in 2010 and $105.9 million in 2009. In 2011, our coal and natural resource management segment contributed $115.9 million, or 75%, to operating income, and our natural gas midstream segment contributed $37.6 million, or 25%, to operating income."