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  • norrishappy norrishappy Jan 24, 2012 12:28 PM Flag

    dividend aanoucement

    Last year it was announced on Jan 27. 2010 Jan 26 2009 Jan 25

    Friday I would bet. Not to be negative but given a fairy warm winter in total a cut of 10% to 20% is certainly not out of the question. Hopefully the MLP spin out and debt reduction will be enough.

    Good fortune.

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    • As a long, I'd prefer they cut the divy now and get it over with.

      NRGY is in for rough cashflow sledding for a good 1-2 years; and that assumes next winter is a cold one.

      • 2 Replies to farmlegend
      • I think you are correct. Going over the financial statements this seems like a good business in a very tough industry which needs to consolidate. As you say until the recent storms this has been a warm winter. Judging by the big layoffs over at FGP it has been tough for business.

        In a recovered economy and normal winter I bet they can get back to this distribution - at least.

        I agree it is probably better to take the hit and make sure they can invest in every short payback efficiency project. The spread between natural gas and propane is a real killer. The call will be very interesting.

        Good Fortune to you.

      • Been looking at NRGY- Propane biz has been bad but Wells F recomending as outperform. Do you know what biz they have other than propane-- one service list them as propane and service P Line--- TNX