Still working! Have not met yesterday's high and have already traded below yesterday's low. NRP has not traded this low since the opening trading day of 2013. Going lower!!!
In each of the last four days, NRP shares have traded lower highs and lower lows. The high today was
$19.41 and the low was $19.14. Watch these numbers tomorrow. At the low today, NRP was 21 cents
above a 2013 low.
Twenty five trading days till ex. distribution.
NRP now at the low of the day and below yesterdays low. The technicians are in control. High yesterday was $19.45 and high today was $19.41. Low yesterday was $19.19. Going much lower.
Big build in natural gas inventories. Natural gas price dropping as expected.
Lower high and lower low. At the low today, NRP traded 26 cents above a 2013 low. Going lower!
Natural gas still at $3.50. Natural gas inventories will be released tomorrow at 10:30 am. Analysts
expect another increase.
Half the coal stocks that I follow were up today. At its low, NRP was 33 cents above the low for 2013. Will
get there this week. Bod day for natural gas. Closed at $3.50. The cool weather is here. Look for NG
price to continue down.
Dow down 30 and most coal stocks down. As usual, NRP opened up. Now in the red at the low of the day.
If volume picks up will trade below $19. Natural gas dropping and back near $3.50. Not good for thermal
Two "not bad" days consecutively. Other coal stocks were mutilated. Dow too. Maybe the coming
distribution is beginning to kick in. Twenty nine trading days till ex.
Dow down 25. All coal stocks also down. New emission standards for generating plants have been announced. New standards were expected but still killing coal stocks. Natural gas dropping.
As expected, emission standards will kill all new coal fired plants. Still at a level that will allow
new natural gas plants to be built.
EPA to release emission standards for new generating plants today (existing plants June 2014). We already know that the new standards will prohibit the building of new coal fired plants forever (with existing technology).
Will take the stock price down for all coal companies if the news comes out before the market closes today.
Dow, all coal stocks and natural gas traded up early. All dropped into the red later and closed in the red except WLT and NRP. First time in months that NRP has recovered after dropping back into the red.
Might get some news from the EPA tomorrow!
NRP has not bottomed!