Investors Newswire posted an article yesterday about NRP titled "Will
NRP keep up with analysts expectations". According to the article,
analysts currently have a price target for NRP shares between $6
and $16. Zacks has the $6 target. Other analysts were not identified.
Glad to know that you might be buying jrad. Still seems that the fundamentals get
worse daily for coal, oil and natural gas. Agree that it is the time to buy shares of NRP.
Less than 40 trading days till ex. Downside risk before the next ex is probably not
more than 10% while upside potential is about 25%.
My comment about insider buying was about those insiders who bought last year.
Believe there are still two NRP directors who own NO NRP shares.
Hope you will post when you buy.
Insiders loaded up on shares of NRP a few months ago at share prices between $9.50 and $12.
Those insiders are not buying a single share with share price below $4. Worries me!
Dow down 9. Crude and natural gas dropping. Coal stocks mixed. Early big volume took
NRP shares below $4 to another record low. Shares now trading up a few pennies on lower
volume. If volume picks up again, share price will drop.
OPEC met today and will keep current crude production for another 6 months. Means
continued oversupply for oil and natural gas. Means that energy stocks will continue to '
Good jobs report this morning (280 thousand new jobs). Also reported big layoffs from
the mining industry. Might be good in the future for coal mining companies.
All are trading within pennies of a record low AND ALL ARE GOING LOWER. Anyone
heard from old Gregory Boyce? About time for him to remind us again how important coal
is to the world's poor. He has been been reminding us of that for years while our share
price has been almost wiped out. BTU NEED NEW LEADERSHIP. Bet the shareprice
Half a million shares traded today at $4. When that buyer gets a plateful, shareprice will drop
like a rock. ALL COAL STOCKS TRADING NEAR RECORD LOWSTODAY. Going much lower..
Crude and natural gas also headed south. Watch OPEC meeting tomorrow.. The energy
news is bad and going to get MUCH worse for the producers.
Dow down 50. Crude and natural gas down. Big oil meeting tomorrow. The brilliant oil
producers are expected to continue flooding the oil market. Crude prices going much lower.
Most coal company stocks down. NRP down slightly on very low volume. Will drop
below $4 if volume picks up.
Big move up for coal stocks EXCEPT NRP (BTU and WLT up 10%). NRP closed in the red and
near the low of the day. Ten cents above a record low.
Dow down 57. Crude up but natural gas dropping. All coal stocks up EXCEPT NRP. NRP
was up but now in the red. Above average volume. If high volume continues, share price
will move down.
BTU down another 9% today to another low (near $3). Goldman Sachs downgraded
BTU because of its met coal business. Goldman said that met coal will be down
through 2017. Met coal is about 35% of NRP's coal business.
NRP management stated on April 22nd that they intend to replace a $300 million revolving bank
credit facility due August 2016 with one due October 2017. I would think that NRP had a commitment
form a lender (or lenders) when they came up with this plan otherwise the whole deal is down the drain.
The lenders will call for their money in 2016 and NRP will become insolvent.. Am I oversimplifying