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NiSource Inc T.NI


Primary Symbol: NI

NiSource Inc. is an energy holding company. The Company operates through two segments: Gas Distribution Operations and Electric Operations. The Gas Distribution operations segment, through its wholly owned subsidiary NiSource Gas Distribution Group, Inc., provides natural gas to approximately 2.4 million residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 55,000 miles of distribution main pipeline plus the associated individual customer service lines and 1,000 miles of transmission main pipeline located in its service areas. The Electric Operations segment generates, transmits and distributes electricity through its subsidiary NIPSCO to approximately 0.5 million customers in 20 counties in the northern part of Indiana and is also engaged in wholesale electricity and transmission transactions. It has four owned projects: Rosewater, Indiana Crossroads Wind, Indiana Crossroads Solar, and Dunns Bridge I.


NYSE:NI - Post by User

Comment by Zerrificon Jan 22, 2021 12:12am
98 Views
Post# 32356822

RE:RE:Value

RE:RE:ValueExcept, they have a major lean on the Nickel assets because of the non producing frac sand business. 11 million U.S dollars (lean) to be exact and over 5 million in a non lean loan. This is why the share price has been at 2 to 5 cents for about 5 to 6 years now. If they didn't have the frac sand business with its loans, the stock would be well over 20 cents right now. Look at the Tartisan stock, it is at .50 cents and their main nickel property is a lot smaller then the Minago property. They either have to start selling frac sand in a meaningful manner, over 300,000 tons a year and chip away at the debt or sell assets to get the share price up. They can issue shares to pay the debt but the share price has to be over at least 10 cents to make it worth while, otherwise they have to issue too many shares at a low price and dilute the company it too much.  It's always hard and takes time to sell assets at the right price, otherwise the buyer always wants a sale at discount. The Minago property is probably worth about 30 million CDN but will most likely only get 15 to 20 million CDN if selling now. In the future it's probably worth 40 to 50 million with nickel prices over $10 CDN per pound. My guess it would cost $6 to $8 dollars CDN per pound to mine, forget about the stupid credits they talk about. The credits are frac sand, they can't sell frac sand now why would they be able to sell the Minago frac sand. These are my opinions, any one else have any meaningful opinions?
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