News gets worse by the minute. Record inventories of crude and natural gas will
take them to record low prices (natural gas below $2). Too late to save most of the coal companies.
Dow up 13. Crude and natural gas crashing. All coal stocks down and near record lows.
NRP lost more than 2% on first 3,000 shares of trading. The little guys are getting out too.
Going much lower. Crude and natural gas inventories at record levels. Might see $20 crude
and $2 natural gas. Too late to save coal companies like ACI, ANR and WLT.
US coal consumption was above 1 billion tons just two years ago. Now it's 900 million
tons and dropping (EVERY YEAR). We will NEVER again see a yearly increase in coal consumption
in the US. Consumption headed to zero in the US. Gregory Boyce;s only plan has been to
sit on his hands waiting for the market to improve. His plan has not worked. BTU SHARES GOING
MUCH MUCH LOWER..
Dow down 85. Big move up for crude and fractional move up for natural
gas. Most coal stocks up except NRP which is trading in the red. GOING MUCH LOWER.
Almost all analysts have a negative rating on shares of NRP.
Crude oil inventories rose 8 million barrels this morning to a record high and
inventories are expected to continue to rise. The analyst world, to a man, is looking
for $20 oil. Today, however, crude had a very big move up. NRP is in the crude business
too, but crude oil prices will soon collapse
Coal plants will continue to close (thermal and met). NRP covered that in the 2015 guidance. No light at the end of the tunnel. Jerry Brown, Gov.Calif, killed coal in his appearance on NBC
last Sunday. He joins Obama in his war on coal. The strong dollar is hurting steel and coal.
Wonder how you think this will play out, jrad? Noticed that even ARLP is making new lows.
Just a few minutes ago, MKM Partners Chief Technician put a "sell' on
shares of NRP. I never heard of MKM Partners but they join a big majority
who want to sell shares of NRP.
When insiders begin to buy significant numbers of shares of NRP, that will be
the time to buy. Not one share was bought by an insider when share price was below $6,50
(distribution above 21%). Should note that insiders cannot buy until after first quarter results
are reported. Thought that $5 might be the bottom for NRP shares. No longer believe that.
SHARE PRICE IS GOING MUCH LOWER.
Dow up 43. Crude up but natural gas falling. Most coal stocks trading up. NRP down most of the morning.
Traders are waiting for a distribution cut which will come around April 10th.
At 3:45 pm today NRP shares were trading at $7.03 (low for the day)
with 262,000 shares having traded. Fifteen minutes later (at the close)
NRP shares were trading at $7.24 (high for the day) with more than a
million additional shares traded. Were you buying jrad???