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Strategies & Market Trends : Dividend investing for retirement
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To: E_K_S who wrote (5956)9/23/2010 7:28:13 PM
From: Triffin  Read Replies (1) of 34328
 
NFG/Gabelli ..

Maybe this is what got Mario turned on ..

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NFG's 720,000 acres of mostly fee mineral acres in the heart of the Marcellus fairway is the Crown Jewel of this company.

Until now it has gone largely unnoticed.

The recent announcement of NFG soliciting a JV bid is like taking the Jewel to Christie/s for a public auction.

NFG's assets are now on public display. I guarantee the bidders will have to have very deep pockets.

This is a once in a lifetime opportunity. Where else are you going to find 720,000 acres of mostly contiguous fee mineral in the heart of the Marcellus shale fairway.

To be honest, the asset is priceless in the sense that it will be cash flowing for decades to come. In addition to the enormous Marcellus potential there are the Utica and Upper Devonian shales as well.

As a shareholder, I agree with David Smith when he says they will only JV at a price that add tremendous value for the shareholder and only with a partner that they feel they can work with and trust for a long, long time.

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I've got a few shares from the low 40s bought last year ..

We're going to have to wait for the hoopla to die down
and/or a market correction for better prices ..

Triff ..
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