Most coal stocks were up 3 to 6% today. NRP down and 2 cents above a new record
low. Will crash through $5. tomorrow. Traders are expecting bad news
when results are announced Thursday (aftermarket).
Should note that interest rates are moving up and that's bad for mlps. Another
negative for NRP
Dow up 97. Crude and natural gas dropping. Most coal stocks down and near record
lows. NRP opened at a new record low. Now trading up a few pennies on below average volume.
Saw the detail after I posted ANR's headline numbers. Wonder if you
have an estimate for NRP's numbers to be reported on May 7th??
I might have asked you that question before.
Very negative comments from ANR causing coal stocks to crash today.
They are shutting some West Virginia mines and no improvement in sight
for thermal or met coal prices . Very bad for NRP too.
Dow down 112. Crude and natural gas trading down. Most coal stocks down
NRP headed for another record low share price. NRP will trade ex tomorrow.
Will trade below $5 after ex. Big volume today Might see another million share
day. Share price going much lower.
This morning, ANR reported a profit of 30 cents per share. Street was expecting
a loss of 73 cents. A bit of it was playing games with the pencil, but it is
the first profit number that I have seen from an Appalachia miner in years.
ANR leases mines from NRP.
Dow down 49. Crude and natural gas up. Most coal stocks around the unchanged
level. NRP up 2 pennies on above average volume. Watch crude inventories
to be reported on CNBC at 10:30.
Dow up 16. Crude and natural gas up slightly (ng back to $2.50). Most coal stocks up slightly. NRP
opened down but now trading up. Hasn't done this lately. Usually opens up and then drops.. High
Another record low today for BTU (biggest US coal company). NRP traded 1 penny above record
low with only 2 days till ex. More really bad days ahead for NRP shares. Believe results (Inc and rev)
will miss when NRP reports on May 7th. Could see a bottom for the stock later in May..
More than 250,000 NRP shares traded in the last half hour of trading today. Share price plunged just
like last Friday. Big shareholders are getting out.
Dow up 70. Crude up but natural gas crashing (below $2.50). Most coal stocks up
slightly. Good move up at the open for NRP but now dropping. Big volume continues.
Move than 1 million shares traded in the aftermarket last Friday.
"SELL, SELL, SELL!!! Jim Cramer said that again tonight on Mad Money. He has
held that position since December 2011. He has been right. "The world is going to
live with less coal". Seeking Alpha contributor said that tonight. He also said that
BTU has gone from $10 to $8 to $5.50 and now he says we're going to $3. Seeking Alpha
contributor is correct. THE COAL BUSINESS IS CHANGING AND BTU LEADERS
HAVE NO PLAN TO DEAL WITH THE CHANGE.
Should add, jrad, "cost" me means "fully loaded".. Just can't get a handle
on when the ng drillers will stop drilling. Thank you anyway.
NOT ONE COAL COMPANY IN THE UNITED STATES WILL SURVIVE WITH COAL
PRICES AT THIS LEVEL. BTU will follow ACI, ANR and WLT into the gutter.
Need someone to do some research for me!. How many shares of BTU was
our leader, Boyce Gregory, picking up this week as our shares crashed to new
lows day after day after day????