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.

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NiSource Inc

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Post by aggmanon Nov 02, 2014 1:11am

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Post# 23085895

CanFrac Sands Q3

CanFrac Sands Corporation, in which La Ronge Gold in Vancouver, British Columbia has a 22% equity stake, sold 26,448.70 tonnes of frac sand and reported a net income of $357,840.67 on the total revenue of $1,431,138.36 for the period of Jul 01, 2014 to Sept 30, 2014 (3Q 2014).

"We are delighted to see the proppant demand in the North American frac sand market continuing to increase through 2H 2014 and anticipate ongoing strength throughout 2015," La Ronge president and chief executive Rasool Mohammad said.

"Currently, we are also in the process of positioning the company to take advantage of the Tier 1 frac sand demand in the US by advancing an Arkansas, US, frac sand project."

La Ronge recently announced that it has entered into a binding letter of agreement for an option to acquire a 100% undivided right, title and interest in an approximately 520-acre prospective Tier 1 frac sand property located in northeast Arkansas.

La Ronge's Annual General Meeting will be held on October 30, 2014 when the company plans to change its name to Select Sands Corporation.

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Aggman comment:

I'm more interested in the commentary on market and its trajectory - which, clearly is good here - on 2014 H@ and what they see through into 2015, at this juncture.
Eagle Materials call (EXP) - which had just made an acquistion in Wisconcin of CRS Proppants - did talk up the industry and did talk up the quality of northern white (which is Victory Silica's sand product). EXP will train that down to Corpus Christi, TX to blend in with local sand.
EXP had good things to say about the direction of Portland cement and oil well cement - both volume and pricing - seeing very good demand and pricing +6% and generally being sold out in all their cement markets.
Winter is comming - that eases rail issues in nth central US. cement demand tails - be interesting to see how much seasonality is in the frac sand industry; there will be some seasonality for VS - however we are not talking big vols at this point - so i expect them to be sold out, at good prices, and to be improving their operating performance - what ever the season.