Dow down 220. Crude up slightly but ng trading down. Big move up for two coal
stocks. No fundamental reason. BTU selling Australian coal mines and ACI
trying to cut what it will pay back on some of its financing.. NRP down slightly.
Dow down 165. Crude down but ng up fractionally. Big move up for some
coal stocks. BTU up 18% and ACI up 40%. NRP up 2 pennies.
Watch crude inventories to be reported at 10:30. A draw might turn the
market up. A build will be bad.
If coal (met coal especially) and crude oil and natural gas continue to trade
at current levels, NRP will eventually fail. So too will most other US coal,
natural gas and oil companies. NRP has a book value of $5.74, same
as when the stock traded above $30. They never intended to repay debt.
The plan has always been to grow revenue, income and dcf. Hasn't worked
out because of the collapse of the energy sector. Bottom line, coal, ng and
crude prices have to improve in order for NRP to survive. Of course
they could always find gold on that 11 million acres of mineral rights land
that they control.
Wyatt Hogan, President & COO of NRP only owns 11,000 shares of NRP stock.
Hogan made $822,000 in 2014. Seems like he would be buying more shares
unless he sees bankruptcy in NRP's future. Corbin Robertson is running NRP.
He needs to fire Hogan and save that big salary.
Dow down 115. Crude and ng tanking. Biggest game again with the analysts is
picking the bottom for crude. Most are in the $30 range. Others see a $20
handle. Coal stocks mixed. ACI got a loan approved and their stock is up
40%. NRP is crashing on big volume. Going much lower.
Over the week end analysts were totally negative with energy prices. Massive
inventories with crude, ng and coal. Warren Buffet is selling all oil stocks.
Today crude traded at a 7 year low and we saw another natural gas inventory build.
Natural gas inventories 25% higher than a year ago and price cut in half. ACI shares
down more than 30% today Will soon join the list of coal companies that have
already bankrupted this year. BTU tanked today. Headed for another record low
and then headed to bankruptcy. THE ENERGY COMPANY EXECUTIVES NO LONGER
KNOW HOW TO MAKE MONEY. Gregory Boyce never did. I believe that he alone
is responsible for the coal collapse and he still collects the big bucks as The
Chairman of Peabody.
Crude below $42 to a 7 year low. ACI down more than 30% (will soon bankrupt).
BTU down more than 10%. Another build reported today with natural gas inventories.
More than 25% above last year's inventory level. Natural price gas down 5%.
NRP DOWN AND HEADED LOWER.
Could you tell me, jrad, of the approximately $500 million revenue that NRP hopes
to take in in 2015 how much of that amount would come from Foresight? And how
much of that from Deer Run (with no closure). Thank you.
Dow down 196. Good move up for crude and ng. Most coal stocks up. NRP was given a
"STRONG BUY" rating this morning by "EJ News. I have never heard of "EJ News" but
do like the rating. I have followed NRP for almost 5 years and have never before seen
a "strong buy" rating for the shares.
NRP shares now up 2 consecutive days. Can't remember when we did that
before. Still down 20 of the past 25 trading days.
Insiders still not buying. They bought tons between $10 and $12. If they see a turnaround
in sight they will AVERAGE DOWN. NRP shares are going much lower.
Dow down 180. Crude and ng crashing. Coal stocks mostly unchanged. China's
devaluation of their currency is the reason for the drop in the dow. Will not affect
coal stocks. China hasn't bought US coal for years.