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Last year PVR bought Chieftain Gathering and expanded its operations in Marcellus.  They are also laying a water pipeline to be used for fracking.  As for coal they never were miners they just lease land out and collect royalties.  With the purchase of Chieftain they have made the strategic move to turn more into a fee based gathering and pipeline play. Their last earnings were weak mainly because of lower coal royalties but their midstreaming income rose dramatically.  They also increased their distribution to 55 cents. The price dropped from a high of $27 to $22 after earnings which I took as a buying opportunity to add.

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