BTU will lose $400,000,000 in 2014. Our leader (Gregory Boyce) says that we have been through these times before. We just have to bunker down, cut cost and wait for the good times to return. BTU over shipped the plan in q3 when we are losing money on every ton of coal that we ship. Help me to understand?
NRP shares moved up 4% and then dropped back 5% into the red while the dow is up almost 200 points. Big volume for NRP. and ex date is only 8 trading days ahead. Have seen no news. Very strange!
Dow up 66. Coal stocks mixed. Natural gas down slightly. Moving down to $3.50. NRP trading down on very heavy volume. Could see a 2 million share day if early heavy volume continues.
BTU has booked a significant percentage of their 2015 and 2016 coal business. Their Chairman reportedly said that BTU does not book longer term business that is not profitable. I hope that this is good news for all coal businesses.
Dow down 63. Good move up for most coal company stocks. NRP traded up early but moved down into the red. Now up a few pennies. Natural gas continues to drop.
BTU reported 3rd qtr results. Did not lose as much as expected. Stock traded up almost 6%. Now headed into the red. Surprised that they continue to increase production when they are losing money. Surprised that they ave already booked a significant part of 2015 and 2016 production.
BTU reports 3rd qtr results on Monday. Zacks thinks that they will beat on revenue but miss on income. Will probably take coal stocks down on Monday. BTU is the largest US coal company. NRP to announce distribution date on Thursday. Should hold $12 stock price till after ex date (ten trading days ahead).
Seventy five thousand NRP shares traded at the close today at$12.04. Don't understand this trade.
Hard to know what's going on at CLF since Casablanca Capital took over. Believe that if all coal companies marked coal reserves down to current market we would see some unbelievable write downs.
Obama really needs for hurricane GONZALO to at least create high winds near the USA. His last chance to use the 2014 hurricane season to put global warming fear into the hearts of the "American people".
AGREE! Good to see the coal shares move up. You did well with ARLP. Some of the ones that I follow were up 15 to 20%. NRP had a good move up but lost more than half the advance even though there was good insider buying and ex date is just 11 trading days ahead.
Have seen no good coal news. What's your reason for the big move up with all coal stocks???
Big swing by some coal stocks. ACI and ANR closed up more than 10%. After big move down, NRP shares had a good move up. ABSOLUTELY NO POSITIVE COAL NEWS THAT I SAW.!
NRP's Vice President of Human Resources bought NRP shares today. I like that. Also, just 12 trading days till ex. I like that too.