2024-03-21 21:05:09 ET
Summary
- National Fuel Gas is a unique energy company focused on the Appalachian natural gas food chain.
- The IEA and Citi have issued updates on the prospects for commodity natural gas, highlighting potential market tensions and price volatility.
- National Fuel Gas has demonstrated a connection between its share price and natural gas commodity pricing, and as gas prices improve, so will its share prices.
National Fuel Gas ( NFG ) is a unique energy company focused on the various links in the Appalachian natural gas food chain. NFG assets include Appalachian natural gas E&P which are largely fee-based. NFG’s E&P’s production replacement and growth is connected to company-owned gathering networks and FERC-regulated exit pipelines. NFG operates a regulated natural gas utility in the Buffalo, NY to Erie, PA corridor. NFG share price is connected at the hip to natural gas pricing, and with current pricing quite weak, NFG share price has mirrored this weakness as well. However, as the fortunes of gas prices improve, so will NFG share prices. This is my 18 th article on NFG since 2012. The most recent article in Jan 2024 recommended paring NFG with oil and gas royalty firm Dorchester Minerals ( DMLP ) and is titled Pairing National Fuel Gas and Dorchester Minerals: Revisited . ...
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National Fuel Gas: Buy This Dividend Champion For Improving Commodity Pricing