I can't understand why this stock is doing so poorly. Their recent purchase in the marcellus shale was an excellent move. Also can't see why PWE is moving up so much, compared to ERF.
Take a look at NFG. It a diversified energy company that owns 733,000 acres of Marcellus Shale rights. Additionally, it pays a 3.2% dividend, which has been increased every year for the past 42 years. NFG has paid a dividend every year for the last 103 years. The kcikcer here is that the Marcellus earnings will have an impact on earnings for the 1st time in 2010. Time to get on board the gravy train!
I don't know if this has been posted already, but Cramer had Governor Rendel of Penna on the other night, and both were extremely enthusiastic about the Marcellus Shale zone and its huge potential.
Crude is down almost $5/bbl in the last week. Natural Gas trading at a monthly low. The dollars is rallying against all currencies putting natural resource plays on the defensive because of the inverse relationship trade.
There you have it, not to mention the stock market is exhibiting a tendency towards a correction.