Very good question. Forty trading days till the next ex date. Believe we need
higher crude prices to keep present distribution (assuming no change in coal prices).
Believe NRP management is expecting NO increase in thermal or met coal in 2015.
Even worse than I thought. BTU's credit rating down graded last Friday. Will drag ALL coal stock down
this week. Nothing new in NRPs 10 K. Another very bad year ahead for coal and now crude and natural gas
get worse every day. VERY BAD WEEK AHEAD FOR NRP.
Dow and S&P traded at record highs this week. Most coal stocks were down on the week. NRP was flat and
closed 39 cents above a record low. Will trade below $7.50 next week. Crude and natural gas
collapsing. Panelist on CNBC's Fast Mooney recommend the shorting of crude
NO BOTTOM IN SIGHT FOR NRP.
MOST commodity producers in the US are selling below production costs. The grain farmers in my
area exemplify the reason. Our grain farmers lose money with corn below $4 and with wheat below
$5 per bushel. Our grain farmers will again plant huge corn and wheat acreage hoping that there will be a drought
in out west or crop failure in some other grain producing country. Unless there is a crop failure some-
where, the world will again produce more grain than will be consumed and the price of corn and wheat
will drop further. That;s the story of coal going into the fourth consecutive year. Even now, there is no light at the end of the tunnel. MOST COAL STOCKS ARE HEADED LOWER.
Producers had hoped that WTI crude had found support at around $50. Crashed through that
today. Closed down 5.5%. CNBC talking about $25 crude coming soon (storage facilities are
One hour ago, Zacks said that NRP should be sold. Said that full year 2015 earnings estimate has
dropped from $1.32 to 76 cents and first quarter from 30 cents to 18 cents. Zacks has a "#5 strong sell"
rating on shares of NRP. This is the lowest rating that Zacks gives a stock... Will probably take share price
Really negative coal industry comments. Karen Finerman said that
ANR and WLT are ''going under', ANR leases mines from NRP.
The world will consume a record 9 billion tons of coal in 2015 and
most US coal companies will lose obscene amounts of money.
The really bad news is that there is no turnaround in sight.
Natural gas inventories 45% above year ago level and much higher than five year
average. Hard to get a handle on the average cost of production but drillers
continue to pump it out at the near $2.50 level. Warmer weather coming and
natural gas prices will go much lower. VERY BAD FOR THERMAL COAL PRODUCERS.
Dow down 77. Crude oil crashing because of record inventory levels. Most coal company
stocks down. NRP was down early but did not trade below $7.54 (record low). Now up a few pennies.
Natural gas up slightly. Watch inventories to be reported at 10:30.
Just announced a 14.3 million barrel crude oil inventory build for the past
week (announced on CNBC) Another all time high for crude inventories.
Reminds me of coal inventories. Crude price down 6% and dropping.
Bloomberg could be correct with the $10 per barrel projected selling price.
Believe that's about 50 cents per gallon for gasoline. It's also very bad
for NRP's most recent investment. WONDER IF THERE WILL EVER
BE ANY GOOD NEWS FOR NRP! NRP share price is going much lower.
Other companies in the energy business too (crude, natural gas, coal etc).