i thought epa backed off increasing the % required to be blended not eliminating it altogether. i would encourage replacing corn used to make ethanol with an increase in bourbon production. mlp's - - - decent price entry, hold ten years then re-evaluate.
actually he does behave like a king, implementing laws and changing them at his whim. i thought the change to the ethanol requirement was to back off on the amount blended in not to totally eliminate it use in motorfuel. ethanol use/production is 80% politics and 20% science.
why is that most shorts who posts on these boards come off as being immature a-holes? , finding such delight in share/unit owner's loses. weird character flaw or maybe taunted by bullies as a child. ....?
I would bet that coal stocks bottom just before Obama and the EPA magically disappear. With low NG prices and carbon rules still to be implemented (read TAX) the future is bleak. Any move on NRP's part to diversify revenue base would seem positive.
As an 11% non-operating working interest ownwe they are merely along for the ride. Hopefully, the operator is expierienced. Nothing about daily production or recoverable reserves. If the price of oil doesn't crater and they didn't pay over 25$/bbl. for est. reserves it should be better than the flagging coal business.
interesting that the rrc database lists two operator numbers for "resaca", neither of which has permian basin production. if the sttated reserves are accurate if would appear legacy made a good purchase just based on price/bbl. in the ground. wti spread has improved but oil is probably going to pull back but they can lock in a price with a decent margin. depending on location of properties there could be other possibilities.