NRP was up yesterday on above average volume when the dow was down more than 300.. Now NRP takes one of the biggest one day hits in history on the biggest volume day that I have ever seen. Must be some explanation!
Obama to take sweeping action on climate in a speech next. many think coal companies will take another big hit
"President Obama will announce his intention to limit greenhouse gas emissions from existing power plants, increase appliance efficiency standards and promote renewable energy development on public lands in a speech Tuesday outlining his plan to use executive powers to address climate change...."
go to investorvillage bry message board for rest of article. no cost to real investorvillage boards
"..But the move to impose greenhouse gas limits on existing plants — which account for a third of the nation’s greenhouse gas emissions and 40 percent of its carbon emissions — will raise consumers’ electricity prices in the short term as utilities are forced to shutter aging coal plants to comply with stricter pollution limits.
According to the Edison Electric Institute, a utility trade group, there are 1,142 coal-fired utilities in the United States and 3,967 natural-gas-fired plants, all of which would face new carbon limits under Obama’s proposal. Last year they accounted for nearly 68 percent of all electricity production, according to EEI, compared with nuclear and hydropower utilities, which made up 19 percent and 6.7 percent, respectively. All renewables combined amounted to 5.4percent of electricity generation in 2012..."
"Stephen Brown, vice president for government affairs for Tesoro Corp., said if Obama delivers on his promise to regulate power plants, “the administration’s war on fossil fuels is now fully joined. Apparently, this White House is willing to sacrifice the American manufacturing renaissance brought on by booming domestic energy development on the altar of climate change.”
asschew, if NRP is up when the DOW is down and then it HAPPENS to be down when the DOW is up,
how about keeping your worthless comments to yourself and just bring the actual news about the company to this board. Your comments and price predictions are wrong 99.9 % of the time, so what i am trying to saying is
SHUT YOUR FUGGIN' YAPPER!
I liked the recent news about the Bakken investment; that is the stuff I care about !!
Don't believe that's the answer. There are very few open options for NRP.. At 3:10 pm 253,000 shares of NRP had been traded and the share price was $22.53 (unchanged). Over the next 50 minutes, someone dropped more than 600,000 shares and of course the price dropped $1.02. Believe more news will be coming.