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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

Bullboard Posts
Comment by stocknupon Feb 08, 2010 7:03pm
443 Views
Post# 16764433

RE: RE: Frac it baby

RE: RE: Frac it babyBlackGold11,
You make a good point about big potential looming and then you wonder why people are selling. I am one of those considering selling. There is nothing positive happening that investors can actually put value to.
This management team is absolutely horrendous with regards to keeping investors informed. It's almost as if they purposely try to keep information from investors.
The markets  are now turning ugly and this story still hasn't written it's opening line. There are hundreds of better opportunities out there to invest in which money can be made. Why hang around here and watch it slowly fade to one or two pennies.
I know it's sad, but this like so many other promising Cdn ventures will never amount to anything solely because of management ineptitude.
Remember, while we are sitting here day in and day out losing money on this play, management takes home a healthy steady pay cheque every week for doing for the most part absolutely nothing.
I've often thought, the best job going is that of an IR person for a resource company. They never seem to do anything. No news releases, no email reply, no answering the phone. Just collect those cheap options until the play runs it's course and then move on to another.
There, I am done my rant.
PS.....I'm still selling because this is just headed nowhere.
GLTA
Bullboard Posts