National Fuel Gas ($NFG) has moved from studying a breakup to approving one. On October 14, its board approved a plan to separate the Appalachian upstream and gathering operations into an independently traded company, with completion targeted for the second half of 2027. The decision arrives one day before the October 15 deadline that National Fuel set for… Read More »
National Fuel Gas Company ($NFG) may be preparing to dismantle the integrated natural-gas model it has spent years telling investors was one of its biggest advantages. Reuters reported Wednesday that National Fuel is exploring strategic alternatives for its Integrated Upstream and Gathering business, which includes Seneca Resources and National Fuel Gas Midstream. The alternatives reportedly include a sale,… Read More »
Mario Gabelli’s GAMCO recently unveiled a shareholder proposal that it sent to National Fuel Gas’ (NFG) management for consideration at its 2015 Annual Meeting. The firm wants NFG to hire an investment bank to explore the spinoff of its utility business, leaving the remaining parent company more focused on its E&P and pipeline units. The rationale is that a… Read More »