ANR up more than 9%. ACI, WLT and CLF up 5 to 6%. NRP UP LESS THAN 1% EVEN THOUGH THERE IS JUST ONE TRADING DAY TILL EX. If you are in NRP for the short run (less than 2 years) you should SELL tomorrow. Stock has dropped 10 to 25% each of the past 12 quarters. Most of those quarters showed record revenue and income.
NRP will report 2nd quarter results after the close August 6th. A MISS WILL TAKE THE SHARES TO $10.
Dow up 46 and above 17,000 to record high. Coal stocks moving up. ACI and ANR up more than 4% on ACI second quarter results (lost less than analysts had expected). NRP up less than half a percent even with ex coming Thursday. Natural gas down a penny.
After being down 80, dow closed up 22. After being up 30, NRP traded in the red but managed to close up
4 pennies. Two days till ex and then comes the crash.
I continue to enjoy and appreciate your posts jrad. Do you know how much of ARLP's revenue is from spot priced thermal coal and how much from previously booked which might have been at higher prices? If they can continue to show these results at current thermal coal prices, they will bankrupt many other coal companies.
I follow ACI, ANR, WLT and CLF. A world different world from the coal companies that you follow. Don't see how the big revenue differences can continue. If met and thermal coal prices stay at current levels, all of the coal stocks that I follow will bankrupt. Of course, bankruptcy allows them to wipe out the massive debt that they carry and compete again. Will know a lot more after all of the coal companies have reported second quarter results.
Steve Reitmeister is the best. His comments today:
1. "Thermal recovery? Not so fast".
2. "Met coal still looking at a long recovery".
THE COAL INDUSTRY IS SICK. NO RECOVERY IN SIGHT.
New lows for BTU and ACI. They will continue to drop as will most other coal company shares. Natural gas continues to drop. NRP moved up again. Five trading days till ex.
Did better than analyst expected (revenue). Shares closed 10 cents above a multi year low. Going lower. Six trading days till NRP goes ex. Shares won't go much higher till ex date.
The coal business is one sick puppy right now. Some analyst looking to 2015 for improvement. some looking out much later.
Dow up 70. Most coal stocks up slightly probably because of BTU's beat (still very bad results). Natural gas continues down. NRP up slightly even with the distribution announcement. Will hold around $16 till ex.
BTU will report second quarter results before the market opens tomorrow. BTU is the largest US coal mining company. Analyst expect a loss of 29 cents with revenue of $1.64 billion. Zacks believes that BTU results will be even worse than the street estimate. If Zacks is correct, coal stocks will collapse again tomorrow. ACI broke below $3 today. Most other coal stocks continued to tank. ALL are going much lower. Natural gas continues to plunge. NRP holding better than others till ex date. NO GOOD NEWS IN SIGHT FOR THE COAL BUSINESS!!
Dow down 60. Most coal stocks down. Another record low for ACI. NRP up slightly on low volume. Nine trading days till ex. Natural gas continues to tank. Down more that 20% over the past few days. Bad for thermal coal producers. Cool weather.