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August 8, 2014
12:53 EDTNFGNational Fuel rises after saying upstream MLP merits further examination
Earlier, during its Q3 earnings conference call, National Fuel management stated that it has had ongoing and active discussions with its board and advisors about "various tax-efficient financing options" to fund its growth, including changes to its corporate structure. The company said it believes a traditional midstream pipeline master limited partnership may be one option, adding that some recent MLP structures for upstream assets have been "very interesting and seem to have had some early success and merit further examination." The company added that because of its strong balance sheet and "pretty simple" capital structure, that it has had a number of financiing options available to date and that it will be able to "react quickly as our capital needs evolve." Following the conference call, shares of National Fuel are up 3.3% to $70.32.
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