Just bought a few more shares. Traders are betting that distribution will be cut in February. Me too! Still believe you can buy with a 3 year outlook.
BTU at record low today. Other coal stocks within pennies of record low (ACI, ANR, WLT and NRP).
BTU will trade between $5 and $10 for awhile and then GO LOWER.
BTU (largest coal mining company in the universe). closed at a record low today. Other coal mining stocks within pennies of a record low (ACI, ANR, WLT and NRP). No bottom in sight for coal. If crude oil, natural gas and coal (met and thermal) prices remain at this lever (or lower) NRP will kill the payout in February. Sock will trade in single digits next year. Near term, stock will trade BELOW $10 before year end (maybe tomorrow)
On a positive note, might be a good thing that crude is dropping so quickly. Many of the drillers will soon stop drilling.
Only three shareholders shown in "major share holder" own more than 1.75 million shares. These shareholders are Corbin Robertson, Reed Morgans and Christopher Cline. Several months ago, I believe that Christopher Cline wanted to sell 5 million shares. Might be Cline who is selling now.
The unit sale is covered on the BTU board. As you point out, 1.75 million shares offered at $11 "unknown seller" Citi is the underwriter. You are the best, jrad.
Seeking Alpha contributor Lawrence Furman laid out the coal problem in his posting this morning. He points out that only four of the thirteen US coal companies are profitable. These are ARPL, CLD, CNX and NRP. Others are posting unsustainable losses. Furman has no positives for the future of coal. A very negative posting from Furman.
Appreciate your response, jrad. Also, appreciate all of the information that you have posted to this board. Don't know about the yahoo problem. Would guess that most of the readers of the NRP message board are trying to get me kicked off. Might have something to do with the problem.