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Stock Market & Financial Investment News

News Breaks
February 7, 2013
17:06 EDTNFGNational Fuel raises FY13 GAAP EPS view to $2.75-$3.00$ from $2.65-$2.95
Consensus is for FY13 EPS $2.73. This revised guidance assumes flat NYMEX equivalent pricing of $3.50 per Million British Thermal Units, or MMBtu, for natural gas (Henry Hub) and $85 per barrel, or Bbl, for crude oil (West Texas Intermediate) for unhedged production for the remainder of the fiscal year. Production for the entire FY13 is projected to be between 102-112 Bcfe. The previous guidance for projected production was between 95 and 107 Bcfe.
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September 12, 2014
17:01 EDTNFGGabelli reports 9.16% stake in National Fuel, urges spin-off of utility unit
GAMCO, pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, is presenting a proposal to the company, for inclusion in the Proxy and Proxy Statement for its 2015 Annual Meeting of Stockholders, requesting that the company's Board of Directors and management act expeditiously, consistent with effective tax considerations, to engage an investment banking firm to effectuate a spin-off of the its utility segment, which represents the operations of National Fuel Distribution Corporation, into a separate publicly traded C-corporation.

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