+ Watch PNG
on My Watchlist
net income $17.0 M 2011 $15.9M EBITD increased 7.9% over prior yr. TTM cash flow 14.80 rev.growth 242.00% trailing 12 Q 2.08.86M EPS 0.23 trailing 12 Q Div. trailing 12 Q 0.71
PNG is one of two pure-plays on natural gas storage on the market. With the huge glut of natural gas storage facilities are filling up fast. Theoretically a lack of spare storage capacity means an increase in prices. Admittedly I am still in the process of learning about the natural gas storage sub-sector, but if it works the way it seems like it should companies that store gas will benefit as the glut of the stuff continues to grow as the year progresses. Heck even if nat gas prices begin to rise that just means that companies will produce more of it...there's no shortage out there. Either way it seems like nat gas storage companies win. Add in a huge dividend and bam we should have a winner.Deej
Watch list only
I'm here in WV...they're drilling all around me here...where they going to storeit..hmmmm...
5 STAR, Small-cap, dividend payer
This is one of the rare occasions I'll agree with Cramer.There is a lot of natural gas being produced out there, the United States doesn't use that much as compared to rest of the world but that will change in the future, it has to, with alternative fuels on everyone's mind, we will need someplace to store all of it.PAA Natural Gas Storage seems well place to take advantage of the upcoming needs of American and world natural gas storage .
only realistic play in this space, child of PAA, good companion to a non-PAA pipeline play (as I have it)...on most websites dividend rate will be updated as the full quarters progress and true dividend rate kicks in....currently shown as 3.5 or so and will end up 5.8 or better - a recent switcharooney with PAA on debt not favorable - overall an equal-weight
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