Dow moved up 150 points early this morning. NRP was up 3 1/2%. Dow continued to climb and closed up more than 300 points. NRP fell from the early level and lost 45% of the early gain. Of course Today's move
was all about politics. Without it, NRP would have made a new 2013 low. If the debt ceiling problem isn't moving in the right direction after the meeting tonight NRP will tank tomorrow.
Fifteen trading days till ex.
At noon dow continues to soar. NRP has lost 35% of its gain. Other coal stocks dropping also.
Big traders still shorting coal stocks (CNBC this morning)
Big move up for dow and ALL coal stocks. NRP is participating for a change. NRP up on above average volume. Natural gas has had a big move up over the past three days. Inventory build (reported this morning) is less than analysts expected.
NRP traded within 9 cents of a 2013 low today. Very very bad considering:
1. Only 16 trading days till ex.
2. Janet Yellon appointed Federal Reserve Chairman. Promises to keep fed funds rate at current level
into 2016. Should be positive for a stock with a payout of 11.5%.
Another above average volume day tomorrow will take NRP shares to a 2013 low.
Dow and most coal stocks up. NRP crashed early on very heavy trading. More than 90,000 shares traded in first 12 minutes. NRP had been up 5 0f past 6 days on very low volume. Gave it all back today. Heavy hitters are still selling. If
high volume continues today NRP will break significantly below $19. Natural gas down slightly.
Big down day for dow and most coal stocks. Looks like coal stocks are again headed for new lows.
Ex date and low volume preventing big drop by NRP. Ten percent of today's trading took place at
the close (11,000 shares). Also had big volume at the close yesterday.
Natural gas held early gains (now above $3.70). Good for thermal coal..
Dow closed down 136. Coal stocks mixed (ACI, WLT and NRP were up). NRP traded 50,000
shares at the close and the trade was positive. Natural gas had a good move up today.
Believe the income and distribution since 2010 (purchase date) has been very good for NRP even without additional discoveries (oil, gas etc). No mention in recent annual report by NRP about
future prospects. Would guess that natural gas drilling is unprofitable at the current market price.
No improvement today for NRP since morning. Good move up for dow and for coal stocks other than NRP. Lowest volume that I have ever seen for NRP with only 19 trading days till ex. Might see $20 next week if the volume doesn't pick up. The big hitters are still selling.
Dow up 25. All coal stocks up 1 to 3% except NRP which is up half a percent on low volume.
Natural gas up 3 cents and holding above $3.50. Big build in natural gas inventories reported
Bad day for the dow. Also, all coal stocks except NRP were down. Only 20 trading days till ex for NRP. That's helped the stock to trade up a few pennies yesterday and today. CNBC panelist at noon today
put "short sell" on iron ore and coal stocks (CLF specifically)..