NRP traded at $22.91 early Friday morning. Traded at $20.30 Monday morning (today). A drop of 11.4% on more than 1 million shares traded in just the equivalent of one full day of trading Usually this comes with a downgrade or with lowered guidance. NRP has had nothing but positive grades and certainly no negative guidance. Nick Carter will speak to another analyst group on Wednesday. Bet his comments don't change from May when he spoke to another group.
I see no reason for the volume and downside trading of NRP since Friday. I will buy again below $20. (probably tomorrow).
Our so called leader said he'd do an end around on the process to crack down harder on environmental issues. Constitutional issues aside, and job killing issues aside, that's probably why NRP and other coal stocks tanked. When a dictator speaks.... Well, you figure out the rest.
I see a buy at these levels long term, especially with their diversification efforts. Energy is not going away no matter how hard the progressives wish it. Without coal, 80% of the world has no power. Or steel for that matter. In the mean time, a 10% isn't a bad yield. Looking forward to seeing how much the potash and oil/gas plays factor into the distribution in future quarters.