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OilStockReport

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OilStockReport

Re: frenchee post# 5

Tuesday, 04/26/2011 3:51:01 PM

Tuesday, April 26, 2011 3:51:01 PM

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PNY looking good for high priced oil.


The main question now becomes, where does natural gas fit in our nation's energy equation? Or does it fit at all?

Researchers at MIT released a report last June suggesting natural gas as a logical replacement for coal-fired power plants. Utility companies are realizing this as well. The Energy Information Administration projects that natural-gas-fired plants will account for 82% of new capacity in 2013, up from 42% in 2009. If such a shift occurs, natural gas utility companies such as Piedmont Natural Gas (NYSE: PNY ) should benefit. Piedmont offers a nice dividend to boot.

This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.

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