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Rhino Resource Partners LP Message Board

  • moneyonomics moneyonomics Oct 15, 2013 6:04 PM Flag

    NRP and RNO should be beneficiaries of Patriot Coal settlement/exit from bankruptcy

    see on nrp yahoo board or mlp board on investo village for more of the article

    "...The news that Patriot was entering bankruptcy was big. Not only did it effect Patriot, but it also hit Peabody Energy, Arch Coal, Rhino Resource Partners, and Natural Resource Partners. All four of the companies, and their shareholders, can breath a little easier now Patriot looks to be righting itself."

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    • Absolutely. RNO is stable right now and you are paid a handsome distribution to wait as the subordinated shares are getting no distribution. RNO can pay the current distribution distpite a terrible coal market. When things imrove they might well go up. Happy with 13%.

      ARB

      • 1 Reply to arbtrdr
      • Agreed. Patriot emergence is a key catalyst, but I believe we will bleed slowly until then. At the current price erosion, that would put us near $9 by year end, but then I assume an upswing. Likely a quarter or 2 to get us back to the $12 level, but then I see more resistance as recent buyers (from the September offering) try to get out near even.