Dow down 71. ALL coal stocks tanking. NRP in the red since the open on above average volume. Headed much lower. Natural gas above $4. Watch natural gas inventories to be announced at 10:30.
Until more coal mines are shut and production cut to meet demand, ALL COAL STOCKS WILL CONTINUE TO DROP. ACI, ANR and WLT will see chapter 11. BTU not even close to a bottom.
While the dow and S&P make record highs, most coal shares headed to record lows. Since ex date, NRP has lost almost two distributions. WILL CONTINUE DOWN THROUGH SEPTEMBER.
"met coal market on the other hand is mired by oversupply".. Glad that NRP continues to diversify but met coal continues to be the highest percentage contributor to revenue and income. Till the met coal market turns around, NRP shares will remain under pressure.
m&a activity brought NRP shares back above $16. Headed much lower otherwise. Key to keeping NRP solvent remains with the met coal business. STILL NO IMPROVEMENT IN SIGHT WITH MET COAL.
As a CFO would you advise covering new acquisitions with NRP stock (dilution) or borrowed money (9.5% interest). Please use the return that NRP expects to get with the new venture when you answer. Thank you!.