Still hard to understand why MOST commodity producers continue to pump out
production (coal, oil, ng, copper, iron, corn, wheat etc etc) at a loss. No end in
One analyst group has a one year price target of $7.50 for NRP units. Looks
like we might get there today. Companies usually have a 1 to 5 year business plan.
Wonder how many reverse splits Wyatt Hogan has in the 5 year plan. Unit price and
distribution down more than 90% under his leadership. Headed to 100%.
Dow down 110. Crude and ng crashing. One analyst sees crude at $5. Another points that
Buffet sold $3.8 billion worth of Exxon and Gates sold more than $1 billion worth of energy. Another
analyst sees more than half of oil and ng companies going bankrupt.
All coal stocks down. NRP continues down. The performance shares just issued will result in
more dilution. If share price continues to drop will soon have to do another reverse split. NRP
IS GOING BANKRUPT. Not sure anymore that the can last until 2017.
Hope they keep it as long s the creditors let them. With current coal, crude and ng prices
NRP will bankrupt in 2017 The current distribution will at lest save us a few Pennies.
Big performance bonuses being shown today for tons of management type people.
These are for performance units given four years which matured in 2015.
Dow up 150. Crude and ng up slightly. Coal stocks mixed. NRP opened up now headed into
Devon Energy just cut dividend. Crude and ng following the four history of coal. First dividend cuts
and then headed to bankruptcy.
Distribution was cut to 4 1/2 cents per quarter. Also Deer Run status will be a big
issue for me. If that doesn't re open, we can throw in the towel.
Brings the debt down from $1.35 billion to $1.27 billion. Brilliant move on the part of
our President & COO Mr Wyatt Hogan. Now that this asset sale is behind us, lets
see how many units our leader picks up. The answer will be zero. Hogan is leading
us to bankruptcy..
Dow up 109. Crude down. Natural gas crashing below $1.90. Warm weather coming.
Coal stocks mixed, NRP blipped up on big volume trade. Awaiting results! Another
oil and gas company bankrupt (Paragon). Now 60 oil and gas company bankruptcies
over past few months (CNBC). Tons more coming.