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Natural Resource Partners LP Message Board

  • ayscuew ayscuew May 3, 2013 5:34 PM Flag

    Trading next week

    NRP will report after the close on Monday. Would you believe that NRP was trading at $22.25 when fourth quarter 2012 results were reported (and full year 2012). Even though record revenue and earnings were reported NRP shares later traded down as low as $21.11. This time no records will be reported. ALL other coal company shares continue to trade at or near 9 year lows. Hard to see how NRP can continue to do better than their lessees who are all losing big big bucks.
    Natural gas did manage to close above $4 today. Big problem for coal if it breaks below next week.
    Bottom line - Coal stocks will be in trouble until the emerging markets turn up. Not in sight at this time.
    Coal stocks are the most hated stocks on the planet.

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    • Ayscuew: As a new investor in NRP I really appreciate the energy and enthusiasm you bring to the Board..but I do think you can improve your message by bringing in a few more facts from reliable sources. Let's take your comment that the emerging markets aren't "turning up"...Now, do you think Warren Buffet is stupid for having invested $30+ Billion in the Burlington Northern? The Burlington Northern is essentially a coal hauler from the open pit mines in the Rockies to the West Coast ports exporting coal to Asia. While China is building like 20 nuclear power plants it still needs coal like crazy. And then we have India. The latest India plan for coal calls for importing 185 million tons of coal annually by 2017 to meet increasing shortfalls. India may be in the top five countries in the world with coal deposits but its' coal is located under forests etc and the India infrastructure sucks. So India is lining up coal in Australia,South Africa, and even is talking to Peabody about investing in mines in the USA. India is also home to one of the world's larger Steel companies, and uses a lot of MET coal,too. And in Baltimore and Hampton Roads firms like NRP,Peabody etc have big export facilities able to ship the coal out. So, do I care if some of NRP's producers lose money now? No. They will be replaced easily. And as long as Europe continues phasing out nukes, coal demand will be high there,too. At this moment no one has low cost natural gas like we do except the folks in the Middle East. As a result, just kiss off the USA coal markets and think exports. That said, do I expect NRP to soar like the MLPs in midstream natural gas? No. I do look to NRP to grow slowly but surely over the next ten years like Buffet's Burlington Northern. NRP also represents a diversification for me. I have a lot of money in MWE,PAA,EPD,GEL,APL,BBEP,VNR, etc and decided to add a little action in coal...and NRP was my choice. I think we will all do well long term with NRP......

      • 1 Reply to ake05bono
      • ake:
        Glad that you are contributing to this board. Most of my comments are not original. No growth in emerging markets came from an analyst on CNBC Friday morning. I have much respect for Mr. Buffett but have seen no comment from him about increased coal haulage by his railroad. He will be on CNBC next Monday and I will listen to every word. NRP reports first quarter results Monday afternoon. Nick Carter is the president and he is the best in the business. He will have comments Monday about the coal business and I will also listen to his every word.

 
NRP
15.00+0.02(+0.13%)Sep 16 4:04 PMEDT

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