You are totally nuts, and deserve to lose your shirt on this company. Read the proxy statement too. The management team is grossly overpaid for running a company of this size, especially for the (lack of) results delivered.
Duh. See my reply to libfrom22 on 3/25 about SXC and SXCP--they are a total disaster. Didn't even need all the stripping of MLP status discussion to correctly figure this stock for what it is...
Sentiment: Strong Sell
Jet Capital, Richard Pearson, and Sam Dubinsky with Wells Fargo have it right. This management team has been a complete failure at executing for shareholders. If you look at the history since the spin off from SUN and read through 2013-2015 quarterly reports they have failed to deliver commitments on any significant growth, key deliverables, and value to shareholders. The India venture has been a disaster, coal expansion could not have been more poorly executed, The chicago plant improvement has been promised for two years, and in my opinion the SXC shareholder has lost the most valuable assets to SXCP with no return in terms of divendends from the transfer. This team has mismanged a golden opportunity with SXC and their board is as guilty for not taking action before now. I am glad I sold out several months ago.
SXCP rose by 15% subsequent to my comment and also paid a $0.57/share dividend, however you correctly point out a short attack on SXC/SXCP claiming that the company is at risk of losing MLP status. The company's CEO replied that the company believes it meets criteria to qualify and minimally would be grandfathered for 10 years. So, it's actually given those who missed out on the last correction to pick up shares at $18 again. It's indeed rare when opportunity strikes twice!
Well SXCP is down ~10% since that 'opportunity' struck. Recent news points to a risk that SXCP could be forced to re-classify as a corporation which would reduce dividends in order to pay taxes.