Penn Virginia Resource (NYSE: PVR) is on The StockGuru Leader Board today. The stock closed up 11.58% on Tuesday.
Volume was 2,943,556 shares traded.
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About the Company:
Penn Virginia Resource Partners, L.P. engages in the management of coal and natural resource properties; and gathering and processing of natural gas in the United States. It operates in two segments, Coal and Natural Resource Management, and Natural Gas Midstream. The Coal and Natural Resource Management segment primarily involves in the management and leasing of coal properties. It also engages in land management activities; and provides coal preparation and loading services. The segment owns approximately 900 million tons of proven coal reserves in northern and central Appalachia, and the Illinois and San Juan Basins. The Natural Gas Midstream segment offers gas processing, gathering, and other related natural gas services. This segment owns and operates natural gas midstream assets located in Oklahoma, Pennsylvania, and Texas. It owned and operated approximately 4,200 miles of natural gas gathering pipelines and 7 natural gas processing facilities with approximately 420 million cubic feet per day of capacity. This segment also owns a natural gas marketing business, which aggregates third-party volumes and sells those volumes into intrastate pipeline systems and at market hubs accessed by various interstate pipelines. The company was founded in 1882 and is based in Radnor, Pennsylvania.
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