Dominion Resources, Inc. (NYSE:D)
An integrated gas and electric holding company. The company is engaged in the generation, transmission and distribution of power for sale in Virginia and northeastern North Carolina.
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By selling off its high risk E&P operations, D has placed themselves atop the utility industry by focusing on generating and distributing energy.
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Here is a great energy company.
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Going with my one letter stock pick strategy.
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This is simply a hunch-based pick. They were recently at a 52-week high, with 1st quarter earnings coming up short, in an unsure market. It smells like a recipe for a fall, to me.
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Buy and hold long-term. Good dividends.
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new state re-regulation will help insure profits in virginia while allowing increased capacity to sell excess power at higher margins
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Tgt of private equity by GS and Morgan Stanley both. News came out on Jan 24th. Deal about 15 billion.
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The P/E too is high for and energy company. Gas prices are lower now than a year ago, yet the stock is slightly higher.
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Energy is something that will always be in demand, it will continue to grow for the years to come.
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good strong utility company. no-nonsense approach to making power. The old Dryfus drilling outfit was bought by them 2 years ago, so D is getting in other aspects of the business. Good long term growth potential. would buy on dips in market
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They will probably build the first new nuclear power plant.
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Fuel issues, aging nuclear facilities
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Another top rated utility
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I like the management team. They have an excellent record and the dividend is nice.
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