this is just total manipulation by MM!
trying to cover and go long by manipulating the stock
take your stops out and quit selling and the stock will move up big! pretty easy, mm need your stops and sells to manipulate it down
what them take it right back up into conference call
Gabelli Equity Income Fund: National Fuel Gas
National Fuel Gas Co. (NYSE:NFG) (0.8%) (NFG – $78.30 – NYSE) is a diversified natural gas company. NFG owns a regulated gas utility serving the region around Buffalo, New York, gas pipelines that move gas between the Midwest and Canada and from the Marcellus to the Northeast, and an oil and gas exploration and production business. NFG’s regulated utility and pipeline businesses, as well as its California oil production business, provide stable earnings and cash flows to support the dividend, while the natural gas production business offers significant upside potential. NFG’s ownership of 800,000 acres in the Marcellus shale, including 745,000 acres in the shale fairway of Pennsylvania, holds enormous natural gas reserve potential, and we believe the position could be worth $3.4 billion based on recent comparable transactions. We continue to expect above- average long term earnings and cash flow growth from rapidly growing gas production and expansion of the strategically located pipeline network. The company has increased its dividend for over forty consecutive years.
totally agree management needs to split company in two. Gabelli needs to become more aggressive in pushing them to get it done soon!
chicken wings have been falling dramatically since first of the year from over 2.00 a lb to 1.20 now
so margins and profitability should be great!
read the 50 million dollar line of credit announcement, they pretty much say they are out of the ball park otherwise they would not have gotten the line increased from 35 million to 50 million and had debt covenants taken off entirely on the first 35 million of borrowing. They also said they currently have no balance on the line.
Earnings must look really good for GE to expand revolving credit agreement and loosened dramatically the terms of it! I see they plan to restock the general fund which is good idea and then pay the rest out.
no outstanding credit on revolving right now, must have made a lot of money in 2nd quarter. Watch for upgrades on this news! Mid 20's coming
Rentech Nitrogen Partners, L.P. (RNF) announced today that it has entered into a $50 million revolving credit facility with GE Capital, Corporate Finance. The partnership plans to use the credit facility to fund growth projects. The facility will also be available, if needed, for general partnership purposes.
This credit facility replaces the $35 million working capital facility established in April 2013, providing more flexibility at lower cost to the partnership. The new facility has less restrictive financial covenants than the previous facility, with no financial covenants unless the outstanding balance exceeds $35 million or there is otherwise a default or an event of default continuing under the facility. The new facility does not have a requirement to repay periodically the entire outstanding balance, allowing the partnership to use borrowings under the facility to fund capital projects.
The credit facility is secured by substantially all of the assets of the partnership and is guaranteed by its operating subsidiaries. The interest rate on outstanding balances is LIBOR plus 325 basis points, with no LIBOR floor, to be paid quarterly. An unused facility fee of 50 basis points will be paid quarterly. The new facility requires no amortization of principal, and may be drawn upon until it matures on July 22, 2019.
The credit facility is currently undrawn. During calendar year 2014, the partnership expects to have an outstanding balance of $10 to $15 million to fund the following growth projects:
Nitric acid plant upgrade: This previously announced project would increase nitric acid production and significantly reduce power consumption at the East Dubuque facility. The partnership is targeting an increase of 8%, or 30 tons per day, in nitric acid production. This would allow the facility to upgrade more ammonia to produce an additional 14,700 tons of UAN annually. The partnership expects this project to cost approximately $7 million, with an estimated return of
back to 180.00
margins for restaurants turning up with food prices dropping.
look at corn, wheat ect., all dropping like a rock, meat prices next to drop big which will greatly improve profits in restaurant industry. PNRA's big stock buyback at these low levels will just enhance the move up as will their phone app. that allows you to order before you get to restaurant and drive thru pick up.