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6 pts

Opinion on  Piedmont Natural Gas Company Inc. (PNY)     Sector: Utilities  >  Industry: Natural Gas Utilities
PNY set for upswing

Jul 08, 2009 01:28 AM GMT
Return Risk
-19.43% LOW
Analyst

I have been watching the stock for several years and it is my opinion that the stock is undervalued presently (7-7-09).  I base this on simple common sense.  Natural gas use is down during the summer.  Buy in the summer and sell in the winter.  Increases in the cost of natural gas are hedged by the company.  Additionally, NG does not have a ready replacement when it comes to heating a home. 


PNY:  This call was made on 07/08/09 @ $23.35
Rating:   Positive   $23.35 (07/08/09)
Gain/Loss:   +4.45% in 217 days
Target:   $32.00 (+37.04%) in > one year


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andy122879 previously rated PNY
Positive -0.43% Bullish on PNY ...
07/07/2009
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