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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
Post by Kahn123on Oct 21, 2014 5:33pm
225 Views
Post# 23048786

Just a Note

Just a NoteJust some info to throw out there:  Market cap = 21,297,389 divide by shares outstanding 57,560,511 = 0.37 = todays price.

Looks like we may be trading here for a bit until management reports out on the third quarter results in a few weeks.

Some things to take note of would be the option on the sand mines in Wisconson. could raise market cap and therefore the price.

Cash could be positive, management seemed to be in positive spirits at the NY conference a couple of weeks ago.

To trade at more that market cap/shares outstanding management will have to show results and prove that this venture is a money maker, prove that they can set targets and then meet them, secure short medium and long term contracts so the cash flow can be seen in the short medeum and long term.

Until management can PROVE all of this, patience will be the biggest quality a shareholder can have. I know there are a lot of people who have been patient for a long time now but things do look like they are progressing in the right direction. We just need to see the CASH do the same.
Bullboard Posts