Gabelli Pressures National Fuel Gas To Realize Shareholder Value
- National Fuel Gas is 33% undervalued, according to Mario Gabelli. Gabelli is beginning to flex his muscles with a 9.1% share of outstanding stock.
- National Fuel Gas is diversified with gas utility, midstream and E&P assets. It holds the largest acreage in the Marcellus with 800,000 acres. These are mainly fee based, not leases.
- National Fuel Gas raised earnings guidance to $3.40 - $3.55 a share for FY 2014.