"US reveals dire report on climate change". Extreme drought in California caused by climate change. Climate change caused by coal fired electric utilities. OBAMA WILL ELIMINATE THE BURNING OF COAL ON THIS PLANET.
More of the same in trading today. Big news after the close tomorrow.
Coal news continues to get worse. Market Realist contributor says that WLT, ACI and ANR cannot pay fixed costs unless market conditions improve.
Dow down 77. Coal stocks mixed. Good move up for natural gas. NRP down slightly with light volume and narrow trading range. Waiting for the big news tomorrow (first quarter 2014 results).
Now that Obama has provided the US with free healthcare, he can now concentrate on global warming.
If he can now kill coal, he will go out knowing that he has saved the planet!
At the low today, NRP was down 7 cents. At the high, up 7 cents. Waiting for 1st quarter results to be reported after the close Wednesday. Share price will drop after the report comes out unless NRP has other positive news (ie m&a). Met coal news gets worse every day. China has now had 4 consecutive reporting periods
of dropping GDP. Very bad for met coal.
Dow down 74. Coal stocks down except ARLP. Most coal stocks trading near all time lows. Bad economic news from China is hurting coal. Natural gas trading up. NRP down a penny on very low volume and very narrow trading range. Might hold if volume doesn't pick up.
Know that ARLP blew the roof off the first quarter numbers. Did not know that they lease mines from NRP. Am guessing from the tone of your comments that you do not believe that NRP will make first quarter numbers. I don't either!
NRP will report first quarter results after the close 4/7/2014.. All of the publicly traded lessees have had big misses with revenue and earnings except ANR. Will be a very bad week for the stock if NRP misses. More important will be the guidance.
Little change in stock price since ex. Very low volume and narrow trading range continues. Unless volume picks up, might hold this range till first quarter results are reported on Wednesday.
Lost all of the distribution plus a penny in trading today. Low volume and narrow trading range. Now trading 90 cents above a multi year low. Going much lower!
WLT traded at another all time low today. If the met coal business turns around before 2018, WLT will be a winner. Their Alabama met coal mines are low cost operations.
Dow down 14. Coal stocks mixed. Big down day for WLT but ANR is up slightly. Natural gas down 2 pennies (inventories to be reported on CNBC at 10:30). NRP holding but volume is low. If volume picks up share price will drop.
As usual, you are correct jrad. Bet you have a good guess as to the results that NRP will report on the 7th.
Good wishes to you also.
WLT lost almost twice as much as analysts expected. WLT is almost a pure play in met coal. ANR lost half a much as analysts expected. ANR leases mines from NRP. Both WLT and ANR are trading down in pre market.
Note that NRP is trading at $15.71 in pre market. Shareholders of record today will get the distribution (35 cents). Expect volume to pick up significantly. Also expect share price to hit new lows soon. NRP will report first quarter results after the close on May 7th. Hope they will announce how they might spend some of the $300 million that they have borrowed.
NRP continues to trickle down. Fifty thousand shares traded at the close. Traders getting out.
Trading ex tomorrow. Shorts will do very well over the next few weeks. No bottom in sight.
Just happened!. Tanker cars exploding and pouring crude crude oil into the James River.
Am sure that coal caused the problem. Probably get a speech from Obama tomorrow laying the blame on carbon emissions caused by coal.
Problem is that BTU has billions of tons of coal in US mines. This administration is preventing expansion of docks that can support increased coal exports. Administration is also threatening to cut aid to countries with emission standards below that of the US. OBAMA IS ANTI- COAL!!!