Dominion Resources

Dominion Resources two monster volume days

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Dominion Resources (D), the giant Mid Atlantic electric utility, gas transmission, and energy marketing company has had persistent insider buying.  Now it’s got two back to back monster volume days.  I always say listen to the market, it’s got something to tell you.  In this case, it’s telling me Dominion is about to blow up.  There was an announcement of interest in long-term contracts for natural gas LNG export at its Point Cove facility.  Not sure why this is huge news.  It’s obviously easy to arbitrage natural gas out of this country as the price is many times higher overseas.  Besides El Paso,  … Read more

Dominion Resources- primed to dominate

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Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting energy in the United States. It operates in three segments: DVP, Dominion Generation, and Dominion Energy. The DVP segment includes regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. There are a few reasons why Dominion is set to dominate.     Dominion Resources, (D) operates in the all important corridor of power, the Washingon DC Virginia suburbs where unemployment and recession are largely absent  because of the growth of Government.  Besides what better recession resistant business is there than … Read more