Dow down 12. Crude down but holding above $55. Natural gas up
slightly. Coal stocks mixed EXCEPT NRP which is of course crashing.
Will buy again when insiders start buying. Don't believe that insiders
can trade until a couple of days after 1st qtr results are announced (mid May).
In the last 24 hours, we found out that Patriot Coal will bankrupt again, RNO is downgraded to a "sell",
BTU management will take a cut in salary and NRP is slashing the distribution. Still, most coal companies
are losing hundreds of millions of dollars each quarter and THERE IS NO IMPROVEMENT IN FUNDAMENTALS
IN SIGHT. Just a matter of time till NRP eliminates distribution and bankrupts if coal prices do not
This morning Patriot Coal is said to be going through another restructuring (bankruptcy)
and RNO is downgraded to a "sell". Patriot leases from NRP and RNO mines in Appalachia.
Gregory Boyce and his cronies are taking a pay cut through the next eight months. Only solid idea
that Gregory has ever had BUT IT WILL NOT SAVE THE COAL INDUSTRY.. Massive inventories of
thermal and met coal! THAT IS THE PROBLEM, GREGORY. We need a leader with fresh new
ideas. We need to replace Gregory Boyce.
Dow down 5. Coal down but natural gas up slightly. ALL COAL STOCKS DROPPING (ACI
down 10%). As usual, NRP opened up but now in the red. Traders are waiting for the
Short answer, GREGORY BOYCE. Gregory has led the worlds largest coal company
into bankruptcy. THAT IS SURELY WHERE WE ARE GOING.
WATCH THE BIG BIG LOSSES THAT ACI WILL REPORT TOMORROW. BTU TO DO
THE SAME ON THURSDAY.. Coal news gets worse EVERY DAY.
Happens every time lately; NRP shares were up until volume picked up around 2:30. Shares dropped
3% from the high. Two thirds of today's volume after 2:30.
ACI announces results tomorrow. Will probably lead NRP and other coal stocks higher or lower.
The Street again kept the "hold" ration on NRP shares today.
Dow up 233. Crude up but natural gas crashing. Coal stocks mixed. NRP opened up but
dropped into the red as volume picked up. Last quarter, NRP management announced
distribution on the 20th. Traders think that a cut is coming this time.
China's steel exports have skyrocketed. Believe iron ore is around $58 now. Looks like all US met coal
and iron ore miners will be out of business shortly. (ie WLT and CLF). Believe more than 20% of
NRP's revenue and income still comes from met coal.
Glad that we have found someone who can cut through the bs and
find the answers for the coal industry problems. Hope you posted this
on the BTU board. Gregory Boyce is still looking for what might save
his company from bankruptcy (ACI, ANR, WLT and others too).
One question stockpicker 92, What happens to NRP shares between
now and October??
For the record, jrad is still the sharpest knife on this board.
Could be contract covering. Customer has to cover contract no matter what the dollar does.
Would like to see the dollar weaken a bit. Might help coal too. Believe thermal coal exports
are down significantly.
Correct, infini. When the coal business is destroyed, natural gas
prices will skyrocket and utility rates too. US consumer is not smart
enough to realize that.
Believe the numbers are accurate, but the coal miners haven't learned how to
make a profit with 9 billion tons of consumption (2014 numbers).
Read last two postings under "headlines" from "Market Realist". There will be NO improvement
in the stock price of NRP or coal stocks until the fundamentals improve.
Big build in natural gas inventories. Natural gas price crashing. Headed below $2.25
NRP trading at the low of the day. If volume picks up, will continue to dive.