Another huge build in crude and gasoline. Crude added 7 million barrels and gasoline
added 5 million barrels. Bad news for NRP's crude oil business.
Dow down 24. Crude up slightly and trading above $30. Another big inventory build
expected when numbers are reported at 10:30 (CNBC). Natural gas down but trading
slightly above $2. Coal stocks mixed. NRP trading ex and holding near break even.
Credit rating just cut for TWENTY big oil companies. Almost all US coal, natural gas and crude
oil companies are now losing unsustainable amounts. Almost all headed for bankruptcy.
Massive inventories of coal, natural gas and crude oil. Still, companies are trying to maintain
cash flo by increasing production. How will this one play out???
NRP will go ex and unit price will drop below $1. The following week, NRP will report
Q4 and year 2015 results. Expect unit price to remain at about $1 until the reverse
split takes it to $10 (Feb.17th).
You always dig up good information, jrad. Looks like the SXCP debt repurchase is at about a
20% discount. If NRP could do the same with about $100 million of their 9.5% debt they would
of course save $9.5 million annually on $80 million in repayment. Do know that some of NRP's
senior management reads this board. Maybe you have given them good information with which
to follow up.
Coal, crude and ng prices have to improve if NRP is to survive. I have no idea what
is going to turn commodity prices up but until that happens bankruptcies in those
businesses are going to skyrocket. Pick almost anyone of the commodities. Steel,
copper, coal, crude, ng, the grains etc. MOST companies in those businesses are in trouble.
Those with high debt are especially at risk. NRP fits the bill.
No deal by Saudi and Russia to cut crude production (CNBC). Natural gas trading in the red
even with a big weekly inventory draw down (reported 10:30 am today on CNBC).
Bet jrad can answer your question. BTU could buy back their bonds for 5 cents on
the dollar. Don't know why they don't do that. Also don't know why NRP management
doesn't buy NRP bonds at this discount.
Dow up 109. Big move up for crude. RUMOR is that Saudi and Russia might cut production.
Natural gas down. Coal stocks up EXCEPT NRP. As usual NRP opened up and then fell
into the red. Also, as usual, big first half hour volume.
NRP will go ex. a few days before 4th quarter and year 2015 results are reported.
NRP unit price will drop after ex. Unless there is positive news with the quarterly
and yearly results, the reverse split will be a wasted effort. Unit price will drop below
50 cents and the split below $5 (and back below $1 shortly thereafter). I am, therefore,
guessing and hoping that there will be a few positives when results are reported.
I have been calling for this for months. Wyatt Hogan, President & COO made $800,000
in 2014 and he only owns about $12,000 worth of units. Need to bring in new management
with new ideas.
Also need to address the asset sale issue. This is preventing NRP management from
buying NRP units. I DO NOT BELIEVE THAT THERE IS ANY ACCEPTABLE OFFER
FOR ANY NRP ASSET. Unit holders need to know what is going on here.