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Here are a collection of the Presidents views on coal.
Clear as mud. Whatever anyone wants to hear if they
will vote for him.
http://www.sourcewatch.org/index.php?title=Barack_Obama_statements_on_coal
War On Coal
http://action.americancommitment.org/6675/vote-yes-on-sj-res-37-to-stop-epas-war-on-coal/
UPDATE: Senate will vote at approximately 12:30PM ET on Wednesday June 20!
The American people rejected cap-and-trade (President Obama’s plan to make electricity prices “necessarily skyrocket” and “bankrupt coal”) in one of the biggest landslide elections in history in 2010. The day after that election, Obama said: “Cap and trade was just one way of skinning the cat; it was not the only way. It was a means, not an end.”
Since then, Obama has worked overtime to act as if the cap-and-trade bill passed and to twist decades-old laws in order to bankrupt coal and drive up the price of electricity.
The lynchpin of the Obama’s War on Coal is the so-called Utility Maximum Achievable Control Technology (Utility MACT) rule, also known as “Mercury and Air Toxics Standards” or “MATS.” The rule requires expensive retrofits at coal-fired power plants, raising electricity prices nearly 20 percent with no environmental benefit.
The cost, according to EPA’s own estimate, is $10 billion per year. A more realistic analysis from the National Economic Research Associates found compliance costs of $21 billion per year, with 183,000 lost jobs per year.
Worse, if the rule stands it will combine with Obama's new greenhouse gas rules to shut down all coal-fired power plants in America, a genuine economic catastrophe that will make prices “necessarily skyrocket” and undermine the reliability of our electric grid.
On Wednesday, June 20, the Senate vote on a resolution from Jim Inhofe (R-Okla.) that would overturn the Utility MACT rule. (They may also consider phony bills or amendments that are designed to do nothing but provide political cover for senators who vote against the Inhofe Resolution.)
Take action now to urge your senators to stand up to Obama and to Stop the War on Coal!
::)))
Replies:
Interesting find thanks!
chade014 on 6/19/2012 4:51:18 PM
Good Post! OBAMA IS THE WORSE PRESIDENT IN
Tomstocks on 6/19/2012 4:56:24 PM
Report TOS
whole sector trashed lately..PCX..ANR..JRCC..BTU..WLT..all at lows..OXF has held up much better than the rest last few weeks..of course we took an early whipping but we are collecting a fat divi while we trade these dips under 7..a gift really..lol
I hope so unless the recent reports of Nat Gas usage in US surpassing coal has something to do with this recent drop?
I think we might see the opportunity for our usual "bounce back" move sometime soon
Anybody care to guess what was responsible for that last hour blast?
HAVE A WONDERFUL WEEKEND!
Yes, I think you are right. Good idea
Days like today can be tricky...long holiday weekends make volumes not very true and may be time to take profits if you haven't done so already. GLTY!
All i hear is BLAH BLAH BLAHH
And, you should! A lot of great trades are made that way. Why? Because even though a man my not have precise knowledge of a particular thing but, he can think and make judgements and suppositions about it. He can conjecture and see it to such a degree of correctness and accuracy that his actions and expectations about it in any particular case many be exactly right!
Not as proficient in charts as you bro, no where near, but I trust my gut.
Sounds like you know what you're doing! Congrats!
LOL....ALREADY DONE...
I know this stock well by now, LOL, usually gives you a full dollar before correcting.
Both the Hourly and 15-minute charts are reading extremely Overbought right now. A good strategy might be to take profits here and look to buy it back in the gap. I'm pretty sure that gap will be filled. Just my opinion!
15-Minute http://stockcharts.com/h-sc/ui?s=OXF&p=15&yr=0&mn=0&dy=5&id=p14748896201&a=261079826&listNum=1
Hourly - http://stockcharts.com/h-sc/ui?s=OXF&p=60&yr=0&mn=1&dy=0&id=p32913558027&a=260403196&listNum=1
It boggles my mind where this would be trading at 10x volume
Well today was a slow starter but we took off from morning levels pretty nicely...pretty sweet!
It was refreshing getting 5.72% returns today...let's hope this holds and we get more action out of this. Market volatility like today's EOD run right out of the gates could ignite 15% more here easily.
Any time peeps feel OXF got beaten up by the market, as
all of the coal companies did this year, ought to take a look
at what happened to PCX. Then look at the yield for OXF.
I love this stock.
LOL.. Yeeepiii!
Let's see tomorrow, and hopefully if the markets open in a positive mood this thing can rally.
Good luck!
WEEEEEEEEEEEEEEEE!
Rich Girl...I owe you a drink! lol
It is holding on above water despite the bearish tide today. Let's see...
You asked about OXF. If you are watching the daily chart it does look like a possible double bottom here now. On the 15-Minute chart it appears that you may still be able to buy it at $6.90. I'd say if you like the fundamentals than it's certainly an interesting speculation from a technical point of view. Both hourly and 15-minute charts favor a short-term pull back in price but there is a nice bullish divergence on the daily chart between the Price and the RSI. That is usually considered a buy signal. One word of caution is that there are a lot of false double bottoms in bear markets which we have currently in OXF but, the volume suggests that this one is not false. So we have a Possible double bottom supported by a Bullish divergence, oversold conditions and significant market volume. YES, that does look like a buy to me. http://stockcharts.com/h-sc/ui?s=OXF&p=D&yr=1&mn=0&dy=0&id=p28171057518&a=259459487&listNum=1
You were right in March, let's hope you are right again!
We might be looking at a reversal IMO. "Buy" signal confirmed as per the candlesticks chart.
yes,things are insane..gimme a few minutes and i will post a link to high yield MLP's,so many beaten badly in the last few weeks.,edit already posted here on May 14th,lol
Forgot to add, I have been watching CHKR for about two
months and was just about to get in when the news broke
about the hanky-lanky the CEO was playing with the perks.
I am down over$33,000 on paper just because the way the
market has been going for a month. Now is a great time to
buy carefully tho. A market analyst was just on saying how
it is identical to last year, but our banks are in even better
shape so we should come back better. It was the lame
duck period up to Jan he warned about. Fear now has a
lot of bond holders going to cash, where stockholders have
been going for several weeks. I just pray nothing comes
up where I have to have the money quickly. Tell the wife
to put the funeral on Visa, Lol
yup,weak nat gas has had a profound effect on coal, but winter is coming,a mild one like last year is highly unlikely so gas and coal should rebound
I had intended to sell on the 15th and buy it back when
it bottomed. I had to take a trip to a VA hospital a couple
hours away, and was afraid to set a trade before I left.
When I got home, I saw the drop I had expected, decided
it was too late to risk selling any today. The way the over
all market has been going, this can still drop to $4. I did
not realize it had such a range until you pointed it out.
I would love to scalp it as I still believe in the management
and the need for coal for electric power generation. I have
a local power plant that shut down this week (Ithaca NY).
Say they can't compete with gas fueled power plants, as
the law in NYS says consumers have the right to choose
the company they buy power from. We also pay a delivery
charge to the company that runs the wire to your house or
wherever the meter is. I'm not sure if that is common in
other states. NG is on the way back up, a little bit.
very crazy,gotta keep a core and trade around it..usually has a .20 or .30 daily price range so a few scalps will help lower the net cost basis.
WLT one of the leads in coal plays..once it turns back up..OXF should rebound...PCX news this week didn't help.
Yeah taking a beating the last week. We are now at 24-25% dividend...crazy!
this is all relalted to weak nat gas and coal spot prices, been trading this around a core, added today 6.85, obscene ..but market fear is on.
also holding CHKR..14% divi..beaten up on CHK nonsense,underwater there but added 17.75 today and it went ex-divi today so got at least .66 divi coming
I knew that this would fall after the dividend was paid, I
guess because it attracts attention when it happens. It
may be because some people think they have to own the
stock on that day. Lots of uneducated traders today. I
wish several thousand of them would see the yield on
this, currently 23.81%, think it sustainable, and bid it up
to about $12 so I could get out. Low volume tells me that
everybody is underwater here except the few that bought
in when it hit the low around March 15. The bright spot is
that even if earnings are cut by 75%, it will pay over 5%,
which is better than many stocks and all savings. I have
to keep finding good things as I am down so much with OXF.
Master Limited Partnerships (MLP's).. Sorted By Current Yield
http://www.dividendyieldhunter.com/Master_Limited_Partnerships_By_Yield.html
Well, assuming you read the previous post by dav1234,
we will get the divi, and I personally don't think the analysts
can do any more damage. The whole coal industry will
stay down because of the glut of NG, and heating season
being over, and just because tree-huggers don't like it.
I think we are in for the long haul until next winter, unless
there is a reason to bail out. I hope the action this mgmt
takes works, they are competent people IMO.
What are we expecting/hoping for here for May 3rd? A loss? but one that beats analist estimates?
Oxford Resource Partners, LP (NYSE: OXF) (the "Partnership" or "Oxford") declared a cash distribution of $0.4375 per common unit for its first quarter ended March 31, 2012, consistent with its previously announced expectation regarding continued payment of the minimum quarterly distribution to common unitholders. The Partnership also declared a reduced cash distribution of $0.10 per subordinated unit for its first quarter ended March 31, 2012. The distribution will be paid on May 15, 2012 to all common and subordinated unitholders of record as of the close of business on May 8, 2012.
"We are continuing to make progress on the strategic initiatives we announced on March 21, 2012," said President and Chief Executive Officer Charles C. Ungurean. "These initiatives include the restructuring of our Illinois Basin operations and the further strengthening of our core Northern Appalachian operations, where we have a fully contracted book of business for 2012 and are more than 90% contracted for 2013 based on our very strong long-term customer relationships in the region. We continue to be a leading low-cost producer of steam coal and the largest producer of surface-mined coal in Ohio."
As previously announced, Oxford is transferring some of its mining equipment from its Illinois Basin operations to its Northern Appalachian operations to increase its productivity in the Northern Appalachian region, and is selling excess equipment from its Illinois Basin operations to strengthen its balance sheet. Oxford fully expects that these initiatives will reduce costs and enhance both its profitability and liquidity.
Until the results of these initiatives are realized, the Partnership will review and consider quarterly the appropriateness of temporarily reducing the amount of or suspending payment of its subordinated unitholder distribution. The Partnership intends to resume payment of the full subordinated unitholder distribution as soon as is prudent.
The Partnership will report its first quarter 2012 financial results and provide an update in more detail as to its progress on these strategic initiatives before the market opens on Thursday, May 3, 2012. The Partnership's management will hold a conference call to review the results and its progress on these initiatives at 10:00 a.m. Eastern Time on that day.
Participants may access the May 3, 2012 conference call by dialing (866) 730-5767 or (857) 350-1591 for international callers and providing passcode 17365686. The call will also be webcast live on the Internet in the Investor Relations section of the Partnership's website at www.OxfordResources.com.
An audio replay of the conference call will be available for seven days beginning at 12:00 p.m. Eastern Time on May 3, 2012 and may be accessed at (888) 286-8010 or (617) 801-6888 for international callers. The replay passcode is 19437693. The webcast will also be archived on the Partnership's website at www.OxfordResources.com for 30 days following the call
I am calling divy announcement tommorrow...April 26th with a record date of April 30th....lets see if it follows last years pattern.
ot:OTT tankage,interesting hybrid security,divi dropped on portion and maintained on debt piece, dropped as low as 6.60's todat then bounced to mid 7's, now getting weaker again,fwiw.
have 200 freebies and looking to buy back in under 7
The problem I have, is I got in this early and started
at over $17.50 with 500 shares. Then I kept buying on
the crash to the bottom, and even then had over 20
grand in this just to get a average now of $12. I've
reached my limit of exposure in any one stock. I do
not really need the money at the moment, but this puppy
has to get back to $12 some day. Hope, hope
coal sector out of favor but sector rotation will get to us eventually, in the mean time we collect divi's and trade on catalysts ( such as expected divi announcement some time this week, my guess based on last years timing in april).
my take is a pop on news of divi with a retrace a few days later then a gradual rise into ex-divi date then retrace, also expect weakness before earnings since weak earnings expected for the quarter.
trade around a core if u can, will lower net coast basis,imo.
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