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Natural Resource Partners LP Message Board

  • ayscuew ayscuew May 2, 2013 5:42 PM Flag

    Worse than I thought.

    NRP closed yesterday at $23.65. Traded as low as $22.29 today. A drop of almost 6% if you ignore the distribution. Going much lower if we don't make the numbers next Monday (maybe even if we do).
    Big issues as follows:
    1. All coal companies lost money in the first quarter and expect to lose money for the full year 2013 (don't know about NRP yet).
    2. Need to idle plants and or cut production to get coal prices up. Nick Carter, NRP Pres. said in his 2013 guidance comments that NRP expects lessees to do this. Hasn't happened yet.
    3. Natural gas prices have to hold the gains. Dropped 6% today on very minor inventory build news. Not good for the thermal coal business.
    4. In early 2012, Nick Carter expected met coal price to move up in the second half of 2012. Price of met coal dropped. In early Nick Carter expects met coal price to move up in the second quarter. Don't think it's going to happen.
    When will coal fundamentals improve. NRP cannot survive when ALL of their lessees are losing money.
    I thought we would trade at $22.50 today. We traded as low as $22.29. If we miss on Monday, we will trade below $20.

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    • Worse than you thought? ROFL. SHOCKER!

    • Where did u c 22.29 as a low today?
      i had a buy in at 22.35 and it never got hit.
      hoping 4 tomorrow.

      Sentiment: Strong Buy

    • Mindless
      this 4th year bull market extension has 1 1/2 -2 more years left lol
      New investors, and by the way the market is going UP because of 'new' investors, will take on more risk as we go on the next 2 years
      NRP IS the Cadillac of the coal MLP space most sophisticated investors know this
      Nat gas goes up 90% of the time from here(May)--- till October this year should be no different...
      BTW they have missed some numbers along the way and the dividend

      Target $26.50 for me here, this year, and I doubt divvy gets cut in the next 4-6 quarters lol

      I bought here in 2004 have a 2-1 split been paid over $21.60/per share in dividends
      and understand how MLP's work.
      I was here before china was hot and BTW COAL ain't going away any time in the next 100 years so deal with it
      Do people listen to you ??? lol

    • "NRP closed yesterday at $23.65. Traded as low as $22.29 today. A drop of almost 6% if you ignore the distribution."

      First of all, why would ignore the distribution in this case? It accounts for 55 of the 63 cents that NRP dropped at today's close.

      Secondly, comparing one day's close to the next day's low is foolishness. Intraday prices generally don't mean anything. It's the closing price that tells you what people are actually willing to pay for the units.

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