Brilliant Molley Fools contributor posted writing titled "Why Coal Stocks got crushed". Coal stocks have been crushing for years. Caused by high inventories, low prices, epa etc. Look forward to analyst's reasons for the coal companies share drop this week.
1. July 13 through July 31 - NRP will trade between $15.50 and $16.50
2. Aug 1 through Dec. 31. - NRP will trade between $10.00 and $15.00
Don't know about 2015 yet. Maybe we will find gold on the 11 million acres.
Dow down 31. Coal stocks continue to drop. ACI and ANR near record lows. Both lease mines from NRP. Natural gas flat. NRP continues to drop even though only 15 trading days till ex.
Adding to the air we breath Arsenic, mercury, acid gasses, SO2, nickel, NOX,, and chromium. Gives off BACK SMOKE too. Has to be bad.
Market Realist just posted the above. Will let you know what I read tomorrow.
Dow crashed early but recovered two thirds of the loss. All coal stocks were down and most closed near their low. NRP too! If you read the highlights from other coal company boards you will see why most coal companies are trading near record lows. They will continue to drop. After ex date, NRP will also join the record low group. Natural gas continues to tank and trading at another multi month low.
Hundred thousand shares traded in last 15 minutes of trading . Took share price up 20 cents. That's good! Could hold above $15 till after ex date (12 trading days).
Dow opened up on better than expected earnings from Alcoa. Coal stocks continue to tank. Morgan Stanley cut 2015 price target for met coal. Natural gas hitting 6 month low. NRP continues to drop.
Seeking Alpha contributor Steve Reitmeister new expects that WLT might bankrupt in early 2015. WLT is considered a pure play in met coal. NRP's major contributor to profit and income is met coal. Current met coal price is around $120. Most analysts say that a price of $180 to $200 is needed for the met coal miners to be healthy. I SEE NO ANALYST FORECASTING A DATE ON WHICH THAT WILL HAPPEN.
"Peabody leads miners lower. Shift to natural gas and Obama's push to reduce greenhouse gasses destroyed coal stocks today". It ain't over till it's over and it ain't over yet. Next stop, coal companies will report very bad second quarter results.
Caused by the downgrade of BTU by Deutsche Bank and by catastrophic coal fundamentals (especially met coal) Shares of most coal company stocks headed to record lows (ACI, ANR, WLT etc). Another big move down today by natural gas. Not good for thermal coal. NRP managed to close up a dine. Positive comments by several groups recently and the 20,000 share purchase by our leader has helped. Also, 18 trading days till ex. Nothing but down in the short run for coal.
Dow up 61 and trading above 17,000. Dow and S&P again at record highs. Good move up for some coal shares. NRP up marginally. Headed lower even though only 20 trading days till ex. Natural gas down slightly.
New record for the dow and the S&P. Even with another plug from Motley Fools, NRP only up a nickle.(see headlines). Going lower. You should read Motley Fools comment on the BTU board. "Met coal is a disaster at $120. BTU won't get better till met coal reaches the $180 to $200 range". Same can be sad for NRP.
Early hurricane off the coast. Pretty sure coal is the cause.
Mr Hogan said recently that NRP will continue to invest in oil and gas. In first quarter results management plans to pay down $100 million of NRP debt in 2014. Means that new NRP shares will be used for investments in oil and gas. Means dilution for shareholders.. DILUTION IS FAR BETTER THAN BORROWING AT 9.1% INTEREST.. WILL, HOWEVER, CAUSE SHARE PRICE TO DECLINE.
While the dow heads for 17,000, NRP crashes. Almost lost the August distribution payment today (35 cents). Unless our Corbin Robertson steps in to buy a few more shares, NRP will drop like a rock. Met coal news continues to be nasty. Selling price of met coal has to move up $100 before NRP will see $20 per share.
June was a very good month for NRP. Caused by the purchase of 20,000 shares by Chairman Corbin Robertson, Jr. Share price was headed to $10 before Mr Robertson's purchase. Shares have moved up 23% since Mr. Robertson bought shares at $13.43 on June 4th. There has been no change in coal fundamentals over the past month. Most other coal company shares remain near record lows (those who lease from NRP). Without better coal news, NRP will turn down again soon.