Investor: Would NFG Consider Selling a Piece of Seneca Resources?
Yesterday, MDN brought you a review and summary of National Fuel Gas Company's (NFG) latest quarterly update (see NFG Building Pipe to Feed Shippingport Power Station in Beaver, PA). There was a lot of news in the update, including details about a new pipeline project to feed a Pennsylvania gas-fired power plant, and the fact that the company's drilling subsidiary, Seneca Resources, hit a brand new quarterly production high of 112 Bcf of natural gas (a 16% increase). We did, however, miss one important passage in the earnings call. Would NFG consider selling at least some of Seneca Resources to investors?To view this content, log into your member account. (Not a member? Join Today!)
