Income and revenue below street estimates. Better, however than I expected.
Very disappointed in information provided by Wyatt Hogan, President $ COO.
Want to know if "plan to reduce debt and enhance our liquidity" can be achieved
with current coal, crude and natural gas prices. Would also like to know if
guidance given earlier in the year has changed.
Dow down 34. Crude dropping significantly (wti back below $60). Natural gas up
slightly. Most coal stocks down. NRP crashing to new record low after missing
with revenue and income in the first quarter's results.
Appreciate the OCIR information. Am afraid that the strong dollar will
soon affect the soda ash business also. Now look forward to the NRP
numbers aftermarket today.
WLT announced this morning that there is "substantial doubt" that
they can continue to operate. Means that bankruptcy is almost
a certainty. WLT ia almost totally a met coal miner. NRP's major
contributor to revenue and income is met coal.
In the past, release has come after the close. Hope you can resolve your problem
with yahoo. Also hope that you will comment on NRP's results.
Dow down 44. Good move up for crude but natural gas trading down.
Most coal stocks down slightly. As usual, NRP opened up but now dropping
on very heavy volume. Going much lower. No bottom in sight.
Most coal stocks were up 3 to 6% today. NRP down and 2 cents above a new record
low. Will crash through $5. tomorrow. Traders are expecting bad news
when results are announced Thursday (aftermarket).
Should note that interest rates are moving up and that's bad for mlps. Another
negative for NRP
Dow up 97. Crude and natural gas dropping. Most coal stocks down and near record
lows. NRP opened at a new record low. Now trading up a few pennies on below average volume.
Saw the detail after I posted ANR's headline numbers. Wonder if you
have an estimate for NRP's numbers to be reported on May 7th??
I might have asked you that question before.
Very negative comments from ANR causing coal stocks to crash today.
They are shutting some West Virginia mines and no improvement in sight
for thermal or met coal prices . Very bad for NRP too.
Dow down 112. Crude and natural gas trading down. Most coal stocks down
NRP headed for another record low share price. NRP will trade ex tomorrow.
Will trade below $5 after ex. Big volume today Might see another million share
day. Share price going much lower.
This morning, ANR reported a profit of 30 cents per share. Street was expecting
a loss of 73 cents. A bit of it was playing games with the pencil, but it is
the first profit number that I have seen from an Appalachia miner in years.
ANR leases mines from NRP.
Dow down 49. Crude and natural gas up. Most coal stocks around the unchanged
level. NRP up 2 pennies on above average volume. Watch crude inventories
to be reported on CNBC at 10:30.