See NRP under AOL's "daily finance". Over the past few months, "The Street" has had a "buy" rating on NRP shares. Hasn't helped yet, but they posted the rating again yesterday (12/5/2013).
WLT up 8% last few days and should be sold. Should not short because there is already 30% short interest.. WLT is almost totally metallurgic coal. I agree with "Fast Money" panelist. ALL coal stocks will fall over the next few weeks.. Fouth quarter results will be worse than even the analysts expect.
Most coal stocks had a very big move up after the big move by natural gas (up more than 4%).
BTU was up almost 4% and WLT was up 5.5%. As usual, NRP disappointed with a one half percent
gain. Need help with met coal if NRP is to get a significant move up. NRP shares are headed down between now and year end.
Dow down 30. All coal stocks down except NRP. Natural gas trading at $4. Natural gas inventories to be announced at 10:30 (CNBC). Significant draw down could keep Natural gas above $4 for awhile. Good for thermal coal miners.
Dow and NRP down three consecutive days. No big percentage loss for NRP but it will get much worse.
Fourth quarter results for coal companies will be disastrous. Furthermore, there is no good news short term. Mine closures will be announced by most coal companies including NRP. Distribution cuts by NRP will come early in 2014 if there are no increases in coal prices. That's why NRP is dropping and will continue to drop.
Dow now up 25. Good move up for ALL coal stocks EXCEPT NRP. NRP continues to trade down on above average volume. Going lower. Natural gas still near $4.
Another down day for the dow. Like yesterday, most coal stocks were up. Like yesterday, NRP traded in the red most of the day. Closed down a penny on low volume and very narrow trading range. Natural gas closed in the red after hitting $4 briefly.
These days, the dow slides when NRP moves down. Happened again today. Other coal stocks had a good move up (JRCC up 14%). EPA is giving States more latitude with emissions.
Forty trading days till NRP goes ex again.
ALL coal stocks now up except NRP . Others pay little or no dividend. NRP distribution almost 11%. Has happened a few times before. NRP now at the low of the day on above average volume.