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National Grid ADR repsg 5 Ord Shs V.NGG


Primary Symbol: NGG Alternate Symbol(s):  NGGTF

National Grid plc is an energy company. The Company's businesses supply gas and electricity to various customers and communities. Its segments include UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York and National Grid Ventures. UK Electricity Transmission segment includes the high-voltage electricity transmission networks in England and Wales. UK Electricity Distribution segment includes the electricity distribution networks of Western Power Distribution in East Midlands, West Midlands, and Southwest of England and South Wales. UK Electricity System Operator segment is the Great Britain system operator. The New England segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New England. New York segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New York.


NYSE:NGG - Post by User

Comment by beaverfeveron Apr 10, 2009 10:33am
290 Views
Post# 15910284

RE: RE: RE: Q1 Production should be available by n

RE: RE: RE: Q1 Production should be available by nI know little about mining, but can "read between the lines" well. Too many times NGG strays from the outlined plan. In a gold bull market, we need to perform well. We should be outperforming our peers.
IF they miss production targets ( with the lack of credibility, and capability demonstrated by this outfit it is likely they will miss), there should be a HUGE change in the structure of this company. It should be obvious to the CEO that he has continually disappointed investors with failing to meet production targets, and he should temporarily step aside for someone with SOLID production experience.
I am not taking anything away from our CEOs capability on exploration - he has too many years of success in that field, however NGG has NOBODY on board with capability to see SINIVIT maintain production. NGG needs somebody with production experience. This shouldn't be a learn as you go venture.
I get the feeling that these guys are "trying hard", but I want to have my investment continually improve production. Can we not bring someone on as CEO (short term if necessary) to get production issues straightened out ?
Is our current CEO too proud to admit when he needs help ?
(Pride can be an expensive problem for CEOs)

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