Dow up 29. Coal stocks mixed. NRP held near the 50 day moving average for several days. Now breaking down on above average volume. Going much lower. Would already be trading below $12 if Mr. Robertson had not recently bought 20,000 shares.
NRP holding just below 50 day moving average. Most other coal stocks trading near historic lows. Coal industry remains the most hated on the planet. Coal company shares going much lower (NRP too)
Did read the S/A article and it also represents my sentiments. More distribution cuts are coming if the coal markets (met and thermal) remains at current levels. No way to know what will drive improvement in demand and price but have to hope that ALL of the coal company leaders (CEOs) will not sit on their hands and watch their companies bankrupt. Mr Robertson's 20,000 share stock purchase was a real plus for me. Still believe that NRP share price will be between $10 and $15 in the short run. Turnaround is a few years out. Hope jrad will comment on the seeking alpha article.
Interesting discussion. In ten years we will have another billion people on the planet. Believe we will be using more coal world wide. Hope by then we will have some ceos who know how to make a profit with it. I know that they are using natural gas with recycled steel manufacturing. Did not know that they can now do it with converting iron ore to steel.
Holding near 50 day average. Will trade much lower. Fundamentals for coal get worse every day, especially met coal. wlt, clf and anr headed for bankruptcy unless met coal fundamentals improve. clf and anr lease properties from NRP.
Good luck flood. Hope you will continue to contribute to the NRP board. I have "ignored" almost everyone except you and jrad.
Dow up 8. Most coal stocks up 1 or 2 pennies. Natural gas down slightly Hope NRP can hold above that 50 day average ($13.32). Doesn't mean anything to me but might if there are technical traders.
Dow down a ton and most coal stocks up a bit. NRP held above $15.32.
Good speech today from the CEO of BTU. All about keeping coal in the world energy mix. If you own coal stocks you should read the speech.. Won't help. Obama has won his "war on coal". No change in coal fundamentals.
If we have a mild summer, the coal companies will lose billions. If we have a hot summer coal and global warming will be blamed. THE US COAL INDUSTRY HAS LOST THE BATTLE TO OBAMA.
Read yahoo "headlines": "Why BTU & the coal industry are not a buy".
BTU IS HEADED TO NEW RECORD LOWS (most other US coal companies already there and going lower).
Lost 76% of earlier gains late in the day. Did manage to close in the black. Analyst from "The Street" says that $15.32 is an important number (50 day moving average). Believe that the big brokerage houses want to be out of coal shares before June 30 (qtr. end). Bank of America has recently sold all shares. JP Morgan. Credit Suisse and BB&T are selling.
1. "Why BTU & coal industry stocks are not a buy".
2. "China to lead clean energy revolution".
Will see record lows again today for some coal company stocks. Hope NRP can ride the "insider buying"
news a little longer.