Well, a mixed day on Wall Street here with the S&P 500 end ending the day fractionally lower lower. The Nasdaq as well, the Dow actually finishing the day higher. Volatility index hit a four-month high as investors digest the latest in the US China trade battle.This as the government shutdown enters its second week, third week. How should investors position amid all this uncertainty. Joining us exclusively, Mario Gabelli, chairman and CEO of Gamco Investors right here on set.It's great to have you. Welcome. ...

Market Overview - The S&P 500 ended the day fractionally lower, while the Dow finished higher, indicating mixed performance on Wall Street amid ongoing US-China trade tensions and a government shutdown entering its second week [1] - The volatility index reached a four-month high as investors navigate the uncertainty surrounding these issues [1] Economic Outlook - A report released indicated an increase in the projected growth rate for the US economy in real terms, suggesting positive long-term economic prospects [4] - Companies are expected to manage their earnings effectively, considering factors such as currency impact, cost of goods sold, and gross margins [4] Investment Insights - The market is currently valued at $60 trillion, with a notable concentration in specific stocks, such as Netflix, which is highlighted as a potential investment opportunity [5] - The AI sector is seen as a significant area of focus, raising concerns about the potential for a bubble due to heavy investment [6] Sector-Specific Opportunities - National Fuel and Gas, which has significant natural gas reserves and a history of land acquisition, is recommended as a strong investment opportunity, with potential for stock buybacks and dividend increases [9][10] - The company is well-positioned to leverage its resources and expand its customer base, particularly in the context of developing LNG ports [10] Socioeconomic Considerations - The rise of AI is projected to impact the distribution of economic benefits, potentially exacerbating the divide between wealthy and working-class individuals [11][12] - While overall growth may increase, the entry-level job market could face pressure due to advancements in AI technology [12]

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Core Insights - The article emphasizes the effectiveness of investing in dividend growth stocks and reinvesting dividends as a strategy for long-term wealth growth [1] Group 1: Investment Strategy - The individual investor has explored various investment styles over 25 years, concluding that dividend growth stocks are a reliable method for wealth accumulation [1] - The investor operates a blog focused on S&P Dividend Aristocrats and other dividend growth stocks, indicating a commitment to sharing knowledge in this investment area [1] Group 2: Investment Vehicles - The investor has experience with a range of investment vehicles, including stocks, options, ETFs, treasury notes, and mutual funds, showcasing a diverse investment background [1]

Core Insights - Utility stocks are experiencing a bullish rebound, with some reaching new highs, indicating a positive trend in the market [1] - National Fuel Gas (NFG) is highlighted as being in a buy zone, with a buy point set at 89.82, following a nine-week flat base [1] - The Relative Strength Rating for National Fuel Gas has been upgraded, reflecting its improving technical performance [2] Company Performance - National Fuel Gas has achieved a Relative Strength Rating upgrade, which signifies enhanced performance metrics [2] - The stock is currently positioned above its flat base, suggesting potential for further gains [1] - Other stocks in the utility sector are also showing improved relative strength, indicating a broader positive trend within the industry [4] Market Context - The S&P 500 index narrowly missed a new high, but several stocks, including those in the utility sector, have reached new highs, showcasing resilience in specific segments of the market [4] - The overall market is experiencing a rebound, which has helped pare down weekly losses, particularly benefiting utility stocks [1]

Core Insights - New Found Gold Corp. announced positive results from a channel sampling program at the Iceberg excavation in the Queensway Gold Project, indicating high-grade gold mineralization over a significant strike length [1][2][3] Group 1: Channel Sampling Program - The channel sampling program covered a 220 m by 105 m area, exposing gold-bearing quartz veins over a strike length of 185 m beneath 2.5 to 9 m of overburden [3][4] - A total of 964 m of channel samples were collected at 7.5 m intervals across 45 channel lines, providing detailed analysis of gold grade variability [3][4] - High-grade intervals included notable results such as 64.8 g/t Au over 6.71 m and 113 g/t Au over 2.99 m, contributing to a continuous section of the Iceberg vein [6][7] Group 2: Geological and Resource Modeling - The results from the channel sampling will inform geological and resource models, aiming to increase confidence in resource areas for the Phase 1 mine plan outlined in the Preliminary Economic Assessment (PEA) [4][5] - The Iceberg zone is part of a larger gold system associated with the Keats Baseline Fault Zone, which has an interpreted strike length of approximately 2 km [5] Group 3: Future Plans and Drilling Programs - New Found Gold commenced a 70,000 m drill program in May 2025, with 80% of the drilling focused on the AFZ Core area [7][8] - The company plans to continue excavation and channel sampling in additional near-surface zones to validate the geological model and gather analytical information for the Phase 1 mine plan [8][9] - An infill drill program is ongoing to convert resources from inferred to indicated, expected to be completed in Q4 2025 [10]

Group 1 - National Fuel Gas Company (NFG) is recognized as a strong investment opportunity among cheap quarterly dividend stocks, with a notable stock price increase of nearly 46% since the beginning of 2025 [2][4] - NFG operates across the entire natural gas value chain, encompassing upstream, midstream, and downstream activities, which differentiates it from most energy firms that typically focus on one or two segments [3] - The company has consistently raised its dividend payouts for 55 consecutive years, with a current quarterly dividend of $0.535 per share and a dividend yield of 2.39% as of September 23 [4]

Industry Overview - The Zacks Oil & Gas US Integrated industry includes companies involved in upstream and midstream energy businesses, focusing on oil and natural gas exploration and production [3] - Upstream operations are positively correlated to oil and gas prices, while midstream assets generate stable fee-based revenues [3] Current Market Conditions - The crude pricing environment is expected to weaken this year, with the U.S. Energy Information Administration (EIA) projecting the average price of West Texas Intermediate crude at $64.16 per barrel, down from $76.60 per barrel last year [4] - Increasing worldwide oil inventory is anticipated to negatively impact commodity prices, which is unfavorable for exploration and production activities [4] Production and Investment Trends - Lower oil prices are likely to hinder production growth, as energy companies are prioritizing returning capital to shareholders over increasing production [5] - The shift towards renewable energy sources is expected to gradually reduce demand for fossil fuels, posing challenges for integrated players in both upstream and downstream operations [6] Industry Performance - The Zacks Oil & Gas US Integrated industry currently holds a Zacks Industry Rank of 173, placing it in the bottom 30% of over 250 Zacks industries, indicating a bearish outlook [7][8] - Over the past year, the industry has underperformed compared to the broader Zacks Oil - Energy sector and the S&P 500, declining by 5% while the sector gained 9% and the S&P 500 surged by 19.9% [9] Valuation Metrics - The industry is currently trading at an EV/EBITDA ratio of 4.64X, lower than the S&P 500's 18.47X and the sector's 5.15X [13] - Historical trading ranges for the industry have been between 3.05X and 13.64X over the past five years, with a median of 4.64X [13] Key Companies to Watch - ConocoPhillips (COP) is expected to perform well due to its operations in low breakeven cost resources, particularly in the Permian basin [17] - Occidental (OXY) has generated strong cash flows in the first half of the year despite a weaker pricing environment, attributed to efficient operations and cost control [20] - National Fuel Gas (NFG) is well-positioned to navigate the uncertain environment due to its integrated business model and presence in the natural gas-rich Appalachian basin [23]

Core Viewpoint - New Found Gold Corp. has strengthened its management team with key appointments, including Dr. Andrew Furey as an independent director, Hashim Ahmed as CFO, and Robert Assabgui as COO, as the company advances towards production [1][2]. Management Changes - Dr. Andrew Furey, former Premier of Newfoundland and Labrador, has been appointed as an independent director, bringing extensive experience in policy and economic strategy [1][3]. - Hashim Ahmed has been appointed as CFO, with 25 years of experience in financial management and a history of executive roles in the mining industry [1][4][5]. - Robert Assabgui has been appointed as COO, previously serving as Study Manager and having significant experience in project management and engineering within the mining sector [1][6][7]. - Vijay Mehta has stepped down from his role as director, and Michael Kanevsky will assist with the transition [1][2]. Company Background - New Found Gold is an emerging Canadian gold producer with a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, recognized for its excellent infrastructure and skilled workforce [9]. - The company has completed a Preliminary Economic Assessment (PEA) for the Queensway project, with ongoing drilling revealing new discoveries [9]. - Recent agreements include acquiring shares from Maritime Resources Corp. and a property purchase agreement with Exploits Discovery Corp., which will increase the size of the Queensway project by up to 33%, totaling 234,050 hectares [10]. Shareholder Base - The company has a solid shareholder base, including approximately 23.1% ownership by Eric Sprott, indicating strong investor confidence as it focuses on gold production [11].

Core Viewpoint - New Found Gold Corp. is actively participating in several upcoming conferences to discuss its recent developments, including the combination with Maritime Resources Corp. and the expansion of the Queensway Gold Project [1][9][10]. Conference Participation - The CEO Keith Boyle and VP Fiona Childe will attend the Precious Metals Summit from September 9 to 12, 2025, where Mr. Boyle will present on September 11, 2025 [2]. - They will also participate in the Mining Forum Americas 2025 from September 14 to 17, 2025, with a presentation scheduled for September 16, 2025 [3]. - Fiona Childe will represent the company at the Munich Mining Conference on October 3 to 4, 2025, presenting on October 3, 2025 [4]. Recent Developments - New Found Gold has completed a Preliminary Economic Assessment (PEA) for the Queensway Gold Project, which is located in Newfoundland and Labrador [7]. - The company has announced a definitive agreement to acquire all outstanding shares of Maritime Resources Corp. [9]. - A Property Purchase Agreement with Exploits Discovery Corp. will provide New Found Gold with a 100% interest in certain mineral claims, increasing the size of the Queensway project by up to 33%, totaling 234,050 hectares [10]. Company Overview - New Found Gold is an advanced-stage exploration company with a 100% interest in the Queensway project, which spans 175,450 hectares and has significant district-scale potential [7][8]. - The company has a solid shareholder base, including a 23.1% holding by Eric Sprott, and is focused on growth and value creation at Queensway [11].