Who We Are

Energy Sell-Side veteran Timm Schneider founded the Schneider Capital Group LLC in the fall of 2022. The Firm offers unique perspectives, insights and differentiated thought for a variety of stakeholders focused on the dynamic and exciting Energy space. Our services are designed to meet the diverse needs of 1) Institutional Asset Managers; 2) Private Equity Firms; 3) Infrastructure Funds; 4) Commodity Trading Houses; 5) Sovereign Wealth Funds; and 6) Companies (both Public & Private).

Our mission is to help our customers navigate complexities along the Energy value chain while identifying opportunities to unlock and capture value. Our purpose is defined by our passion for the Energy industry and the vital role the Energy ecosystem plays in the continued advancement of society.

October 4, 2026

NFG (Part 3): Last One from Us… Summarizing the Numbers in ~5 Slides

By Timm Schneider

We’ve now valued both halves of the potential separation, updated as of 10-04-2026. We expect a decision on the potential spin no later than 10-15-2026, and it might be announced before in our view. StubCo,…

October 4, 2026

Weekly News & Weekend Updates. Oil Flat in Weekend Trading (as of ~11:30AM ET)

By Timm Schneider

Boring weekend so far from a commodity trading perspective with both WTI and Brent virtually unchanged versus Friday’s electronic close on the decentralized exchanges. The important caveat: This is as of ~11:30AM ET and can…

October 3, 2026

NFG (N/R) Part 2: We Couldn’t Help Ourselves… Full Work-Up of Upstream & Gathering (IUG) Attached

By Timm Schneider

This is a follow-up to our earlier note (Part 1) that took a detailed look at NFG’s regulated business: NFG (N/R): The Regulated ‘StubCo’ Could Be Worth Up to ~$61/sh Implying Just ~$16/sh for Upstream…

October 3, 2026

NFG (N/R): The Regulated ‘StubCo’ Could Be Worth Up to ~$61/sh Implying Just ~$16/sh for Upstream ‘SpinCo…’

By Timm Schneider

Our four-method ‘StubCo’ valuation ranges from ~$44 to ~$54/sh with a base case ~$50/sh, implying ~$27/sh for IUG (the Upstream & Gathering business) at NFG’s current ~$77 trading price. That ~$61 for ‘StubCo’ is the…

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The Schneider Capital Group LLC

Excellence In Energy

agile | resourceful | unique

Who We Are

NFG (Part 3): Last One from Us… Summarizing the Numbers in ~5 Slides

Weekly News & Weekend Updates. Oil Flat in Weekend Trading (as of ~11:30AM ET)

NFG (N/R) Part 2: We Couldn’t Help Ourselves… Full Work-Up of Upstream & Gathering (IUG) Attached

NFG (N/R): The Regulated ‘StubCo’ Could Be Worth Up to ~$61/sh Implying Just ~$16/sh for Upstream ‘SpinCo…’

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