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Decisions decisions... Always nice to double and get the house's money.
U holding for divi long term or long enough for a double?
I can't thank you enough brother! Just sucks you didn't get those $6.95s with me :-P
Need a drink myself,hoping the market brings the luv tomorrow
How you doin' pal! You know I'm happy.
BIG WEEEEEEE! little wee! BIG WEEEE! BIG WEEEEEEEEEEEEEE! little weee weee!
Filled right away, 50@$9.88, 150@$9.93. Whoopee, I may
move off the couch and back in the bedroom tonight.
I was lucky I got out of a rare earth stock at 3 PM, so
had just enough to pick these up. I need a drink.
Dont u have enough ,gotta make it harder on me ,huh,lol.
B/a is wide a/h ,especially on low volume,should be a beast with volume
This is new for me, first time I have ever placed an after
hour order. Trying to get another 200, under $10.
I smacked the ask 9.81 to get back in,back to 12+, maybe 14,fat divi!!! I wish i had the brass to have held 7s instead of taking the quick buck,to da moon,i hope u go uber green and then some
Praise the Lord!! I had such faith in the management and
now I know they are doing the right thing. This warm winter
and high fuel costs are hurting the entire industry. As much
as the greenies pontificate, electricity from coal will be with
us for many years yet. I have heard privately that employee
relations are great at this company also. They really care
for their people. The share price will come back too when
the market learns of this.
Tell us how u really feel,nice!!!!!!!!!!wish i still had my 7s,man looks like back to double digits tomorrow
Divi intact,uber congrats on perseverance
Oxford Resource Partners Says Co Maintains Sufficient Available Liquidity, Sees Position Strengthening In 2012
Mar 21, 2012 17:01:23 (ET)
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2400)
March 21, 2012 17:01 ET (21:01 GMT)
Oxford Resource Partners, LP Reaffirms Payment of Minimum Quarterly Distribution to Its Common Unitholders
Mar 21, 2012 17:00:00 (ET)
COLUMBUS, Ohio, March 21, 2012 /PRNewswire via COMTEX/ -- Oxford Resource Partners, LP (OXF, Trade ) (the "Partnership" or "Oxford") today reaffirmed that it expects to continue to pay the minimum quarterly distribution to its common unitholders and provided business and financial outlook updates for 2012.
Overview
Oxford expects to pay its minimum quarterly distribution of $0.4375 per unit to its common unitholders throughout 2012 with the first quarter 2012 distribution expected to occur on May 15.
Oxford's core Northern Appalachian ("NAPP") operations, which represented substantially all of 2011 adjusted EBITDA, remain strong with a fully contracted book of business for 2012.
As noted in its Form 10-K filing for 2011, Oxford received a contract termination notice from a customer of its Illinois Basin ("ILB") operations. Oxford believes this action was taken in bad faith by the customer. Oxford has retained legal counsel and intends to aggressively pursue compensation for damages related to this termination.
The ILB operations are being restructured, including the closing of two mines, which will substantially reduce costs and is expected to improve earnings and distributable cash flow for 2012.
Oxford currently maintains sufficient available liquidity, and expects this liquidity position to strengthen throughout 2012. Oxford is in compliance and expects to remain in compliance with all credit facility covenants.
Oxford believes the continued strength of its NAPP operations coupled with the decisive action taken in restructuring its ILB operations will improve its liquidity while enhancing its distributable cash flow.
Business Update
Illinois Basin (ILB) Operations
Oxford has taken and is taking the following actions with respect to its ILB operations:
As noted in its Form 10-K filing for 2011, Oxford received a contract termination notice from a customer of its ILB operations in Kentucky. Oxford believes that this customer's action was taken in bad faith, motivated by the combination of the significant price increase that recently went into effect under the customer's supply contract and the current coal market conditions. Oxford has retained legal counsel and intends to aggressively pursue compensation for damages through all appropriate legal action.
Oxford idled an ILB mine and reduced operations at another ILB mine associated with the terminated customer contract, resulting in an unfortunate but necessary reduction in force of approximately 120 employees in Kentucky. This followed an earlier idling of another ILB mine with a reduction in force of approximately 40 employees in Kentucky. Oxford is now proceeding to permanently close the two idled mines.
Oxford is transferring equipment from these ILB mines to its NAPP operations, a move that is expected to enhance productivity and reduce future capital expenditures in its NAPP operations.
Oxford is selling excess ILB equipment idled because of the mine closures and reduced mine operations, the proceeds of which will be used to strengthen its balance sheet.
None of these actions will adversely affect Oxford's commitment and ability to reliably and efficiently serve its remaining ILB customers.
Northern Appalachian (NAPP) Operations
Oxford's core NAPP business remains strong. As the largest producer of surface mined coal in Ohio, Oxford retains its position as a leading low-cost producer of steam coal in the NAPP region. Going into 2012, Oxford's sales book was fully contracted for its anticipated NAPP production. Following the amendment of a customer contract which reduced the 2012 contract tonnage in exchange for a compensating increase in pricing for the remaining tonnage, Oxford has confirmed that its other NAPP customers expect to take delivery of all of their contracted tonnage for 2012.
President and Chief Executive Officer Charles C. Ungurean commented, "Throughout our 27-year history, we have built this business through outstanding service to our customers. This has driven our growth and reinforced our strong position in the NAPP region. We believe current coal market dynamics continue to favor the long-term outlook for the region and we continue to focus our efforts on growing our NAPP business."
Financial Outlook Update
Oxford is confident in the outlook for the balance of 2012, which will largely be driven by the strength of its core NAPP business and the benefits from its ILB restructuring initiatives. Given the unseasonably warm winter and the impact of the ILB contract termination and restructuring efforts, Oxford believes the first quarter 2012 financial results will not be representative of the results expected for the remainder of 2012. Oxford expects to provide updated 2012 guidance when it reports its first quarter 2012 financial results in early May.
Distributions
Oxford reaffirms that it expects to pay the minimum quarterly distribution of $0.4375 to its common unitholders for all of 2012. Oxford is currently evaluating the future payment of the distribution on its subordinated units and will provide guidance on the subordinated units distribution when it announces its distribution action for the first quarter of 2012 in the last half of April.
Liquidity
Oxford currently maintains sufficient available liquidity, and expects its liquidity to strengthen throughout 2012 as a result of the previously mentioned steps. Oxford is currently in compliance with all of the covenants of its credit facility and does not expect any of the restructuring or other contemplated actions to alter such compliance.
About Oxford Resource Partners, LP
Oxford Resource Partners, LP is a low-cost producer of high value steam coal in Northern Appalachia and the Illinois Basin. The Partnership markets its coal primarily to large electric utilities with coal-fired, base-load scrubbed power plants under long-term coal sales contracts. The Partnership is headquartered in Columbus, Ohio.
For more information about Oxford Resource Partners, LP (OXF, Trade ), please visit www.OxfordResources.com . Financial and other information about Oxford is routinely posted on and accessible at www.OxfordResources.com .
FORWARD-LOOKING STATEMENTS: Except for historical information, statements made in this press release are "forward-looking statements." All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future are forward-looking statements, including the statements and information included under the headings "Overview," "Business Update," "Financial Outlook Update," "Distributions" and "Liquidity."
These statements are based on certain assumptions made by the Partnership based on its management's experience and perception of historical trends, current conditions, expected future developments and other factors the Partnership's management believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the Partnership's control, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: productivity levels, margins earned and the level of operating costs; weakness in global economic conditions or in customers' industries; changes in governmental regulation of the mining industry or the electric power industry and the increased costs of complying with those changes; decreases in demand for electricity and changes in coal consumption patterns of U.S. electric power generators; the Partnership's dependence on a limited number of customers; the Partnership's inability to enter into new long-term coal sales contracts at attractive prices and the renewal and other risks associated with the Partnership's existing long-term coal sales contracts, including risks related to adjustments to price, volume or other terms of those contracts; difficulties in collecting the Partnership's receivables because of credit or financial problems of major customers, and customer bankruptcies, cancellations or breaches to existing contracts, or other failures to perform; the Partnership's ability to acquire additional coal reserves; the Partnership's ability to respond to increased competition within the coal industry; fluctuations in coal demand, prices and availability due to labor and transportation costs and disruptions, equipment availability, governmental regulations, including those pertaining to carbon dioxide emissions, and other factors; significant costs imposed on the Partnership's mining operations by extensive and frequently changing environmental laws and regulations, and greater than expected environmental regulations, costs and liabilities; legislation and regulatory and related judicial decisions and interpretations including issues pertaining to climate change and miner health and safety; a variety of operational, geologic, permitting, labor and weather-related factors, including those pertaining to both the Partnership's mining operations and its underground coal reserves that it does not operate; limitations in the cash distributions the Partnership receives from its majority-owned subsidiary, Harrison Resources, LLC, and the ability of Harrison Resources, LLC to acquire additional reserves on economical terms from CONSOL Energy Inc. in the future; the potential for inaccuracies in estimates of the Partnership's coal reserves, which could result in lower than expected revenues or higher than expected costs; the accuracy of the assumptions underlying the Partnership's reclamation and mine closure obligations; liquidity constraints, including those resulting from the cost or unavailability of financing due to current capital markets conditions; risks associated with major mine-related accidents; results of litigation, including claims not yet asserted; the Partnership's ability to attract and retain key management personnel; greater than expected shortage of skilled labor; the Partnership's ability to maintain satisfactory relations with employees; and failure to obtain, maintain or renew security arrangements, such as surety bonds or letters of credit, in a timely manner and on acceptable terms.
The Partnership undertakes no obligation to publicly update or revise any forward-looking statements. Readers should not place undue reliance on forward-looking statements, which reflect management's views only as of the date hereof. Further information on risks and uncertainties is available in the Partnership's periodic reports filed with the U.S. Securities and Exchange Commission or otherwise publicly disseminated by the Partnership.
SOURCE Oxford Resource Partners, LP
WEEEEEEEEE!!!!!!!!!! OH I LOVE THIS STOCK!!!!!!!!!
Yes indeed...and now many of us are eager to see this above $9.00 tomorrow to start really feeling good about ourselves. Nice to have you here Rich Girl.
You just can't buy them all so, I tend to trade those I have a history with first and there are times when I take profits on everything and buy the one stock that I feel has more potential than any other for an immediate and substantial move. So, every one has his or her own game plan. I just try to stay focused on mine.
LOL! Well who am I to judge?
I didn't buy any, if that is what you are referring to. Too many other choices to consider at the moment.
Hoping our efforts and your contribution here will be rewarded!
And thankfully there are no options trades expiring today to kill this either.
That sound like something I would do. It looks pretty good at the moment.
Etrade...check news stream
Where did you see that post? Link?
-Thanks
I got in yesterday at 6.95
Couldn't resist
GLTU!
Confirmation confirmation really comes from a rally off the bottom and a follow through rally the following day. Personally, I do not like that wait that long and I'm a risk taker, so, I will often jump in where I think the bottom is and if it proves not to support there, I get out right away. We already have good volume on both sides of this double bottom candidate and this morning, it appears that we have the possibility of a rally starting, so that, would also get me involved. If you were to take a position now, and to days from now the price is up considerably, that is your confirmation but, if you take a position now and the market does not behave like you expect a double bottom to behave, then capturing any profit you have is a good idea. You can always get back in. You don't want to get trapped in a situation where it goes up for a day and then reverses and goes lower. But, this morning looks like the start of confirmation to me.
OxfordResource Partners Resumed At Outperform By Raymond James >OXF
Mar 16, 2012 09:44:05 (ET)
(END) Dow Jones Newswires
March 16, 2012 09:44 ET (13:44 GMT)
This just in my mailbox. Could have predated the 10-k
release but even so, speculation concerning dividend
wasn't mentioned that I saw.
http://seekingalpha.com/article/435731-dividend-dog-tales-of-9-sectors-in-march?source=email_portfolio&ifp=0
I wouldn't count on that. Honestly I think that when they do send out a PR concerning the next distribution we will see another another drop.
I know right??? Well one thing is for sure...if that dividend stays the way it shows on my Etrade I'll be making some good money before taxes...LOL!
Geez, will this POFS ever find a bottom? Lol
Hoping you'll keep an eye out to advise confirmation.
Yes, that is a strong possibility. In a bear market however, there are a lot of false double bottoms along the way. What makes this one believable is the high volume. and the candle shadow that reflects a rally of the lows. I would not expect a huge rally and new highs but if I were long this stock (I'm not) I would add to my position to cost average down. Let me explain. I always enter into a trade using a money management strategy that works like this. If I have $10,000 in available capitol in my account, I only invest 20% or $2,000. If the price goes down and I still like the trade or a possible double bottom or other, better, bottom scenario unfolds, then I double up by adding another $2,000 to cost average down. Assuming the market finds support and the trade now looks like it's in my favor as a high probability of success, I will add another $2,000. I may or may not add the other $4,000 later at my discretion. When the market becomes overbought, I take my profit from that trade and set it aside as a possible reinvestment following a market correction. Now I have a free trade, if I chose to play the next leg up. I never add to a losing position without a very good reason to do so. A confirmed double bottom would be a good reason.
I see no news about the divi but it doesn't look good.
The key seems to be in the "Factors that Impact on
Business" section.
1. They are being squeezed because of rising costs vs
long term fixed price contracts. We knew that.
2. Cancellation of Big Rivers Agreement worth 800,000
tons/yr is what is new.
Buying leased equipment is probably a plus for next
year. That is more than likely where our dividend went.
They are looking for new customers. No telling how that
will work out. Between taking a loss and going long, I
am going to choose long. Someone who entered very late
in the drop might still make money here, but I think this
will stay under $10 for a long time. IMO, of course.
Back in on weakness,cant believe peeps dont realize this is old news
Is it just a "sign of the times" that the tonnages decrease from year to year on order?
Still reading....
Yea I just cut and paste from my news stream...so what do we make of this 10-K?
Dave...are we forming a DOUBLE BOTTOM here?????
TIA!!!
Oxford Resource Partners LP: The most recent annual report is available at no
fee.
To order, visit http://djnweurope.ar.wilink.com/?ticker=US6918071019 or call
+44 (0)208 391 6028
(END) Dow Jones Newswires
March 11, 2012 18:11 ET (22:11 GMT)
031112 22:11 -- GMT
Yes that's right. Maybe it is the dividend announcement.
Scottrade research page has been screwed up all day
and I'm blind. Have to look for news on another site. Any
ideas?
Isn't that what sparked the recent drop from $14???
Maybe earnings came out?
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