Dow down 15. Crude and ng down. Coal stocks mixed. NRP traded up 3 pennies at the open
and has traded flat since. Some seems to be buying a few units at $2.69. Going lower.
Some natural gas companies now headed to bankruptcy, ie LINE and CHK.
NRP management will meet Cowan & Company analysts at 8:30 this
morning. Listen in if you can.
NRP has traded down 13 of the past 15 days. Now 8 cents above an
all time record low. Traded up till the last few minutes of trading
yesterday then traders dropped almost 100,000 units and took the
unit price down to the low of the day. Going lower!
Dow down 1. Crude and ng up. Most coal stocks trading down. NRP up 2 cents.
Low volume and low trading range. Thirteen cents above all time record low.
gurufocus points out that NRP has a 2.23 p/e and a fair value of $11.51. Have never
heard of gurufocus but like their numbers.
Analysts on CNBC this morning see low energy prices through the year 2020.