Most companies that are in financial difficulties devise a cost
cutting plan. Would be good to see NRP do that.
Corbin Robertson is making ALL of the decisions and
I happen to agree with ALL of his acquisitions which were
made to diversify and try to save NRP. Now, Mr Robertson
needs to trim the fat. We don't need a President
and Chief Operating Office with a salary of $8,00,000.
For years Obama has told us that he will DESTROY coal. For years
Boyce has begged Obama not to do this. Time to replace Boyce.
Under his leadership, BTU share price is down more than 95%.
Boyce will bankrupt BTU.
roye shares up more than 40% yesterday. No trades today.
I know nothing about this company but believe it CANNOT
be a negative for NRP.
The President and Chief Operating Officer only owns $34,990 worth
of NRP shares. Last year he made more than $800,000. Until the
President an Chief Operating Officer shows more confidence in our
you should not buy shares of NRP..
Dow down 17. Crude and ng up slightly. All coal stocks down probably
because of BTU's reverse stock split.
NRP shares crashing. Shares downgraded this morning by UBS. ANR's
bankruptcy could hurt NRP's third quarter results.
For four years coal company managers have tried to borrow enough
money so that they can survive until coal prices improve. Now coal
companies are using the reverse split so that they can avoid delisting
until coal prices improve (ACI & BTU). They continue to sell coal below the cost
to mine it. Hasn't worked over the past four years and won't work now.
THE REVERSE SPLIT WILL SIMPLY DELAY BANKRUPTCY FOR
At this hour, the dow is up more than 150 and NRP is trading in the red.
One day last week, the dow closed up almost 400 points while NRP
closed in the red.
Would point out that JP Morgan and Barkley's have recently sold
all of their holdings in NRP. JP Morgan held more than 1.5 million shares
while Barkley's held almost 1 million shares.
Dow down 83. Crude crashing but ng up fractionally. As expected, most coal
stocks tanking. NRP trading down.
Looks like the crude oil and natural gas producers are following the
path that coal producers have followed for the past four years. Coal
producers have bankrupted themselves protecting market share.
New record lows coming. Note:
1. 6 consecutive days now without an up day. even when the
dow was up almost 400 points one of those days.
2. After trading above $3 for 8 consecutive days, now breaking down
again on high volume.
3. 69 cents above a record low.
4. Crude and coal stocks crashing
NRP WILL SEE NEW ALL TIME RECORD LOWS NEXT WEEK
Dow down 81. Crude crashing. CNBC analysts see $20 crude. Two million
barrel per day over production. Natural gas up slightly. Coal stocks down.
NRP trading down and going lower.
Yesterday, the California Assembly passed a law that State Pension funds must
sell investments in coal company stocks. Means that they will get a dollar or two
for stocks like BTU and ACI. Probably 90% less than they paid for these stocks.'
Can't see that it will hurt the coal company stocks. Smart move by the California
Dow down 13. Crude and ng up fractionally. Most coal stocks crashing.
The courts supported the epa again yesterday. ALL coal fired
power generating plants will be closed by 2030. NRP up a few pennies
on low volume. If volume picks up, NRP shares will continue to drop.
Watch crude inventories to be reported later this morning. Analysts
now expecting $20 crude.