Market Moving News takes Nicor Inc. (NYSE:GAS) to the Top of the Penny Stock Watch List.
Stock to Watch Nicor Inc, makes Exclusive Announcement hitting Penny Stock Newsletters.
Nicor Inc., which delivers natural gas to about 2.2 million homes and businesses in northern Illinois, tries to ensure profits through buying energy futures and making other investments… Nicor Inc. trades on the “New York Stock Exchange” under the Stock Symbol “GAS”. For the Latest information regarding “GAS”, make sure to visit the Most Exclusive and In Depth newsletter website at:http://www.wallstreetgrand.com/.
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Natural gas distributor Nicor Inc. (NYSE:GAS) stated Wednesday that its fourth-quarter earnings increased 15 percent as it successfully fastened in profits through investments in energy prices. Nicor reported preliminary fourth-quarter net income of $55.2 million, or $1.21 per share, compared with $47.9 million, or $1.05 per share, in the same quarter of 2008. Nicor estimated that 2010 earnings will grow to between $3.10 and $3.30 a share in part from higher expected results in its gas distribution business.
About Nicor:
Nicor Inc., through its subsidiaries, engages in natural gas distribution business in the United States. It distributes natural gas to approximately 2.2 million residential, commercial, and industrial customers in northern Illinois. The company operates approximately 34,000 miles of mains and 8 underground storage fields. Nicor also provides shipping services, including the transportation of containerized freight between Florida, the eastern coast of Canada, the Bahamas, and the Caribbean region. It transports building materials, and food and other necessities for developers, manufacturers, and residents in the Caribbean and the Bahamas; tourist-related shipments intended for use in hotels and resorts, and on cruise ships; and interisland shipments and northbound shipments of apparel and agricultural products, as well as provides inland transportation and cargo insurance. As of December 31, 2008, the company operated a fleet of 11 owned vessels and 6 chartered vessels with a container capacity totaling approximately 5,600 Twenty-foot equivalent units, as well as containers, container-handling equipment, chassis, and other equipment. In addition, it involves in the marketing of energy-related products and services, including warranty and maintenance contracts, as well as repair and installation services of heating, air conditioning and indoor air-quality equipment, and move connection services for other utilities; wholesale marketing of natural gas supply services; and leasing of cargo containers. Nicor has joint venture agreements with Natural Gas Pipeline Company of America to operate a natural gas pipeline of approximately 70 miles; and A. Epstein & Sons International to engage in the design, installation, and maintenance of natural gas, petroleum, and liquid pipeline facilities, as well as to provide engineering and corrosion services. The company was founded in 1953 and is based in Naperville, Illinois.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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