And that's if there's no price increase. It'll be nice earning a 17.5% dividend on my cost after that. Thanks ARPL
Coal use for power production dropped off when NatGas price dropped below $3. That price is just about to cross back over. Look for Coal inventories at Power plants to drop back to normal range any time now.
Tired of being on the wrong side of the trade? So was I until I joined PennyStock101 The alerts are quality, not junk and they are straight forward and cut out the hype.
What I really meant to say was I LOVE coal and all you W Va miners . That is until I get to Cal and tell them I Love Solar & wind farms and coal and those #$%$ miners are a relic of the past. .
NRP is primarily a coal partnership. They diversified into materials which has been very successful. But unfortunately oil and gas too.
NRP levered with 9% debt to diversify So I believe management can acquire excellent coal assets on the cheap. Also pick up some fine fit materials diversification.
ARLPs excellent coverage and solid balance sheet could improve cash flow immediately. I have a feeling American natural gas is going to stay cheap far longer than most believe.
Unless of course America will vote to break out of this progressive slammed economy. Which is in question. Commodities crashes always turn on economic growth.