Dow down 35 and coal stocks mixed. Natural gas down. NRP opened up and now dropping on above average volume. If high volume continues today, shares will trade below $19.
Seeking Alpha analyst says that coal stocks have bottomed.
I would bet that coal stocks bottom just before Obama and the EPA magically disappear. With low NG prices and carbon rules still to be implemented (read TAX) the future is bleak. Any move on NRP's part to diversify revenue base would seem positive.