Dow down 171. Crude dropping but ng up fractionally. Coal stocks down. Unless US coal
companies can learn to make money with lower coal consumption, all will bankrupt. NRP too.
NRP continues to crash.
Very negative coal news from Seeking Alpha and Motley Fools
contributors. Seeking Alpha calls 2015 "the year of death in the
coal industry". Other key points"
1. China coal imports down 31.3%.
2. Thermal coal in the US down from 1.1 billion tons to 900 million
tons since 2013. Expected to continue to drop rapidly.
3. Major headwinds are cheap ng, epa regs and climate change
scare (the Pope, Obama, China, epa etc).
4 Retirement funds getting out of fossil fuel company investments
increases 4 fold in the past year (now more than $2 trillion).
Seeking Alpha and Motley Fools contributors recommend that
coal stocks like BTU and ACI not be bought.
1. China's leader today joined the Pope and Obama in the fight against
global warming. Coal is now the poster child for climate change. NO
US COAL COMPANY WILL SURVIVE.
3. Zack's today downgraded shares of CLF. CLF will soon bankrupt.
Problem is the price of iron ore and met coal. CLF leases properties
3. Big problem now for NRP is that NRP will NOT meet the plan
to repay $500,000,000 by the end 0f 2017. Need a new plan from
our leader, Mr. Wyatt Hogan. Believe MR Hogan"s expertise is
finance and law.. Might be able to buy a little more time with
financing. He hasn't yet proved that he knows too much about
the coal business. He has also invested almost nothing in NRP
4. New record breaking lows for NRP next week.
Heard nothing today but global warming. Chinese leader today joined the Pope
and Obama. They have convinced the world that coal is THE cause of
climate change. THE US COAL COMPANIES ARE GOING DOWN.
Several days ago UBS put a "sell" rating on shares of NRP with a
price target of $2.50. Just hit the UBS price target. Dow up 200
and 25 days till ex for NRP with a 14.4% payout. Share price
now 29 cents above record low. Will soon be there. Going much
Dow up 184. Good move up for crude but ng crashing. Most coal stocks down.
China will soon announce a big tax on coal fired generating plants. Obama
has convinced the world that coal is causing ALL of the climate change.
The coal companies are going under.
BTU share price up 28 pennies! Last time I looked, coal prices are continuing to
crash. BTU will not survive with present leadership.. Will concede that we might
be up a few pennies again tomorrow but I really think that we will lose ALL of
today's gain tomorrow.
Pope Frances is telling us that the world will soon ignite
if we do not kill the coal industry. The Pope and Obama
have destroyed coal.
BTU IS GOING BANKRUPT SOONER THAN I ONCE THOUGHT.
Dow down 27. Crude and ng up slightly. Coal stocks continue down. Those
not in bankruptcy are headed there. Pope Francis is trying to convince us that
the world will catch fire in a few years if we don't stop burning coal. NRP trading
down and headed lower.
Five minutes ago, panelists on CNBC's Fast Money forecast the coming of
a global recession. Also, new lows for the dow. Bad news for ALL commodity
stocks. In fact, very bad news for all stocks.
1. Two years ago, we got daily updates as to the number of new coal
fired generators that would be in service by 2035 (worldwide). Have seen no recent
2. One year ago, the lowest cost for ng producers was around $2.70.
Have seen no recent updates.
Appreciate comments, jrad.
Oversupply for the energy stocks as far as the eye can see (crude, ng and coal).
Covered extensively today on CNBC. Oversupply and depressed prices through
2050. Many bankruptcies coming in ALL of the energy commodities (crude, ng and coal).
BTU has announced a 1 for 15 reverse split to be effective 9/30. BTU share price has
dropped more than 15% since the split was announced. NRP continues to crash. Going
much much lower. They will follow ACI and BTU with a reverse split soon.
I WAS WRONG!
The $200 million "shelf registration" is not new; It simply replaces the $200 million
"shelf registration" that expires on Monday. Sorry for my error.