Topic: How To Invest

What are your thoughts on Pacific Northern Gas? Thank you.

Article Excerpt

Pacific Northern Gas, $28.20, symbol PNG on Toronto (Shares outstanding: 3.6 million; Market cap: $101.8 million, www.png.ca), owns and operates natural gas transmission and distribution systems. The company’s western pipeline extends from the Spectra Energy gas-transmission system north of Prince George, B.C., to Kitimat and Prince Rupert. The line delivers gas to 12 communities and a number of factories. In the northeast, Pacific Northern’s subsidiary, Pacific Northern Gas (N.E.) Ltd., distributes gas in the Dawson Creek, Fort St. John and Tumbler Ridge areas. Pacific Northern recently raised its quarterly dividend by 7%, to $0.30. Its shares now yield 4.3%. The company’s growth prospects are limited, and its shares are thin traders, but the stock is okay to hold for income. …