Dow down 4 after hitting another record high (S&P also). All coal stocks continue to drop. NRP traded up early but now in the red. Natural gas has plunged almost 10% in since yesterday morning.
Under "Major Holders", Mr. Cline still owns 4,917,546 shares.
Hope you can listen to one or both of the presentations two of the NRP officers are making today jrad. Don't expect anything different, but they usually answer a few questions.
ACI down 12% today. ANR down 9%. Will again see record lows until coal fundamentals improve. Big drop today for natural gas also. Seems to move with the latest weather report. Bad news for thermal coal prices.
The election euphoria is finished for coal stocks. Some crashed today. Others will follow suite. Big move down today for natural gas. Seems to trade on the latest weather report. NRP did better than other coal stocks today. Closed up. Going lower!
Dow down 6. Coal company stocks mixed. Big move up with coal stocks last week caused by elections and short covering. Need improvement in coal fundamentals for coal shares to continue upward move. No improvement in fundamentals in sight. As usual, NRP shares moved up early and then turned down. Natural gas up slightly.
Right about the short squeeze. Note: From lows ACI now up 111%, ANR 83% and WLT 117%. Question is, will this continue? Have seen NO improvements in coal fundamentals.
At the close today and from recent lows ACI is up 111%, ANR 83% and WLT 117%. One analyst appearing on CNBC just few minutes ago expects coal stocks to move up over the next six months.. Only coal positive that I've heard from an analyst in months.
Wyatt Hogan and Kevin Craig (NRP officers) are meeting two different analyst groups on 11/11/2014. Hope you can listen in and comment to this board.
Coal company stocks EXPLODING up EXCEPT NRP. Like yesterday, NRP opened up then dropped into the red. Going much lower. .
Like the move of WLT. Has doubled over the past few days (from $1.47). WLT is a pure play in met coal. Hope that someone sees improvement ahead for met coal.
Believe NRP has to continue to diversify at whatever dilution to the shareholder. The Appalachian mines will shut more quickly than anyone thought.
On another subject, have you noticed that NRP management no longer mentions the 11 million acres for which they hold mineral rights? Guess that's a dead issue!
If you heard Obama's speech yesterday, you know that killing coal is at the top of his agenda for his last two years in office Question now is, will the consumer pay the big increase in utility rates to achieve Obama's goal??? I think so. Coal stocks are going much lower!!
Dow and S&P closed at record highs. Also big move up for natural gas even though there was a big inventory build. NRP tanked because it just went ex. Going much lower.
After early move up, shares of NRP are crashing. Following usual pattern after going ex. For past four years, NRP shares have dropped about 20% each quarter after going ex (more after 2nd quarter ex).. NRP stock price is going much lower.
Dow up 15. Very big move up for most coal stocks (ANR up another 13%). Pretty sure it's a "short squeeze". Many coal stocks carry short interest above 50%.. Big moves up and down for NRP on very big volume.
Natural gas down slightly. NG inventories to be reported at 10:30.
Election euphoria carried all coal stocks up today. If you heard Obama's news conference at 3 pm today it was about global warming and leaving a "cleaner environment for the people". Means that he will continue to support the EPA's mandate to destroy the coal industry and veto any attempt by the new congress to make changes. BTU WILL SHARES WILL CLOSE DOWN TOMORROW.
Four analyst groups rate NRP a "hold" with a price target of $12. The Street and Zacks among that group. Wells Fargo has an "overweight" with a $16 to $19 price target.. Already pointed out by jrad that Wells is one of the underwriters of the 8.5 million new shares. Probably influenced their rating and price target.
Forgot to mention that the dow and S&P closed at record highs today. Everybody liked the elections. Believe Obama is going to bust a few bubbles.
Big move up today for coal stocks. ANR up 16%.. WLT and NRP up 9%. Coal company stock traders are happy with elections. If you heard Obama's speech at three pm today, much of it dealt with climate change and leaving "the people" better off when he leaves office with among other things a cleaner environment Means that he will continue to use the EPA to kill coal and will veto any effort by congress to help the coal industry. Liked the move up today by NRP. Now at 50 day moving average. Still $2 below 200 day M A.
Dow up 39 to new record high. Good move up for some coal stocks (ANR up 9%). NRP has regained half yesterday's loss on very big volume. Going lower. That's what NRP has done each quarter for the past four years. Natural gas continues to move up.