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Well think about it , this stock started its plunge few days after his re election ! I am sure the whole industry got hit bad over it! The positive about it is if you find a oversold good one like this one it is time to buy IMO ! Though it might be a few years to see if the republicans can keep the house and take over the senate! If they can Oxford will soar back up within days of that happening IMO ! :)
That darn Obuma!
Looks like you will get your $2.50 wish lol! So make that buy $2! :) The only reason it is down this low is because Obama hates coal! It was a great company nothing wrong with it!
It is below $1 that they de-list it...Yea I do not thin it will go that low. Maybe $2.50? That would be a steal!
One stock I know of IM* hung out at $2 for over a year then recently exploded back to the teens! It had a divi and still does not have one! I would buy around this level $1-$3 is pretty much rock bottom for big board stocks! :)
NYSE got limits it could fall further but that would trigger an NYSE warning of delisting if share price is not kept above I think $1 might be $2 not sure at the moment while posting this post.
I was thinking of getting in Friday as well but with suspension of dividend at the moment hard to tell where bottom will be.
Yea, I read up on this a little bit. I guess there are some who held this, and even without the dividend, still have tax issues due to the partnership. Lots of anger for sure.
Took a very small starter yesterday, wonder if there is a bottom. Falling knives everywhere, lol.
Hope someone comes along here to opine, and expound on the entire picture.
No word on divi and sure was a beating today! :(
Anyone else watching this today?
Any word on the dividend the rest of the year?
i am going to workout if volume spikes eod i may buy in morning
i will put a buy in if it reaches 3.34 my order will be for 15,557 shares
I hope it doesn't get that far, but I had a buy order for 1000
at $3.50 that tripped at 1:07:33. Now holding 2700 shares,
so it is going to get harder and harder to average down.
Few analysist writers realize this company sells it's coal
in advance to power plants, so a mild winter does not mean
anything to profits for them. Competing with plants that are
converting to gas is the problem, and retrofitting does not
take place overnight.
i may buy in the 3.30s
Morning dip, I believe. Good buying opportunity for some
but I have so much in it I wouldn't want to risk more.
this is leaking bad, nice bounce but down she goes
be well my friend... have a good night
Well, they will pay us someday, they say, but not tomorrow.
Alas, I was hoping you had additional news. I'm afraid this
will stay in this range now for awhile. At least I trust this
management will do anything to stave off BK and holding
dividends is the right thing to do. As much as it hurts.
sorry I am mobile right now I thought you posted an article saying that's what would happen
Which is????
good news for tomorrow
I waited for the bottom but then had to buy at market as
I chased it up to $4.05. I was already holding 1200 so added
500 to help my average. Management says they will still
pay the dividend someday.
http://seekingalpha.com/news-article/5426241-oxford-resource-partners-lp-suspends-distributions-for-fourth-quarter-2012-to-further-preserve-liquidity
just 1,000... 50 filled at $3.89 the rest below on its way to $3.71
awesome how many did you get?
i had an order for 14,607 shares did not get 1 but I had a 3.64 order :(
My bottom was $4.30.Last quarter they cut dividend and this quarter they suspend it and have to sell equipment for liquidity.Yikes!If they don't have money now then where are they going to get it with the end of a mild winter coming soon.Get out now while you can.Always can get back if it starts to run.I was in at $10.88 on 2000 shares.Feel lucky I was able to get $4.30.GLTA
Bought in @ $3.89...looked like they didn't wanna give me any lol
I wonder where the bottom is here. Maybe the best thing
to do is try to pick up some on a bounce?
They are usually nice and high!
huge tank here down to $4.3
watching for bounce
Oxford Resource Partners, LP Suspends Distributions for Fourth Quarter 2012 to Further Preserve Liquidity
Jan 29, 2013 07:00:00 (ET)
COLUMBUS, Ohio, Jan. 29, 2013 /PRNewswire via COMTEX/ -- Oxford Resource Partners, LP (the "Partnership" or "Oxford") determined, based upon continued weakness in the coal markets, to suspend the cash distributions on both its common and subordinated units for its fourth quarter ended December 31, 2012. In making this decision, the Board concluded that it was in the best interests of the Partnership to further preserve liquidity.
Despite the challenging environment, the Partnership continues to benefit from its low-cost production profile and strategic importance to its customers. The Partnership's sales book is 98 percent committed and priced for 2013 based on currently anticipated levels of production.
The Partnership continues to pursue opportunities to enhance its liquidity, including the sale of certain excess Illinois Basin equipment. The Partnership is also pursuing the refinancing of its credit facility, and plans to provide an update on that effort when it announces its financial results for the fourth quarter of 2012, which the Partnership intends to do in early to mid-March 2013.
Under the Partnership's partnership agreement, arrearage amounts resulting from suspension of the common units distribution accumulate. Arrearage amounts resulting from suspension of the subordinated units distribution do not accumulate. In the future as distributions are made for any quarter, the first priority is to pay the then minimum quarterly distribution to common unitholders. Any additional distribution amounts paid at that time are then paid to common unitholders until their previously unpaid accumulated arrearage amounts have been paid in full.
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. Oxford 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 , please visit www.OxfordResources.com . Financial and other information about the Partnership is routinely posted on and accessible at www.OxfordResources.com .
This announcement is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b), with 100% of the Partnership's distributions to foreign investors attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest applicable tax rate.
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.
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 under 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 our mining operations and our underground coal reserves that we do 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
As you are new to Ihub I am sceptical about your post, and must ask you to qualify your prediction regarding a special dividend to shareholders from a stock that has been murdered since the Obama re-election and released news of a dividend decrease not long before the election.
Heavy buying entire coal sector! OXF - Special Dividend highly possible.
Oversold and deserves a higher valuation ..but be careful ..entering tax loss selling season and Obama is not coal sector friendly..imo
Breakout developing, set to move higher from here. $12.00 price target. Strong Buy.
Coal is the inexpensive energy source of choice, as natural gas prices keep rising!
News
2 days 5 hours 16 minutes ago - PR Newswire via Comtex
Oxford Resource Partners, LP (NYSE: OXF) (the "Partnership" or "Oxford") declared a reduced cash distribution of $0.20 per common unit for its third quarter ended September 30, 2012. The Partnership determined that no cash distribution will be paid on its subordinated units for its third quarter ended September 30, 2012. The common units distribution will be paid on November 14, 2012, to all common unitholders of record as of the close of business on November 8, 2012.
As reported in its second quarter earnings release, by the end of 2012 the Partnership expected to receive $10-$15 million in proceeds from the sale of excess equipment from its Illinois Basin operations, which would provide additional liquidity for operations and allow the Partnership to make the third quarter distributions out of operating cash flows. However, the Partnership has determined it likely will not obtain acceptable value for the assets by the end of 2012. Therefore, the Partnership has elected to reduce the common units distribution and suspend the subordinated units distribution to preserve liquidity until its liquidity can be enhanced with funds generated from operations and/or proceeds from the sale of excess assets at acceptable values. This decision was made by the Board in the best interests of the Partnership as it continues to navigate a challenging environment.
Despite this environment, the Partnership's sales book is committed and priced fully for the remainder of 2012 and 97% for all of 2013 based on currently anticipated levels of production. The Partnership continues to explore value enhancing opportunities that capitalize on its low cost production profile and strategic importance to its customers.
The Board will continue to review the appropriate level of distributions on a quarter-by-quarter basis and its decisions will be made based on the best information available at the time and the best interest of the Partnership and its unitholders. Under the Partnership's partnership agreement, arrearage amounts resulting from the reduction in the common units distribution accumulate, while those from the subordinated units suspension do not. Accumulated arrearage amounts for the common unitholders will be paid as a priority over and before any future quarterly distributions are paid on the common and subordinated units.
The Partnership will report its third quarter 2012 financial results before the market opens on Tuesday, November 6, 2012. The Partnership's management will hold a conference call to review the results at 10:00 a.m. Eastern Time on that day.
Participants may access the November 6, 2012 conference call by dialing (866) 783-2143 or (857) 350-1602 for international callers and providing passcode 70677946. 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 noon Eastern Time on November 6, 2012 and may be accessed at (888) 286-8010 or (617) 801-6888 for international callers. The replay passcode is 69108537. The webcast will also be archived on the Partnership's website at www.OxfordResources.com for 30 days following the call.
Well, I am down another big chunk of money on the news
of a dividend cut to .20. This over reaction should have
a correction real soon because even a 7% yield isn't bad.
Pulling for you bro!
Lord I hope so. I have been underwater on this stock for
so long I can't remember. Average is $12 something. But
Oxford has good management, which is something so
many other's lack. They do not forget the investors that
actually own the company.
11's this week.. OXF the comeback kid,lol..another divi a few weeks away i hope
2Q reported; Beats and up $8.77 today.! Must be short squeeze?
Oxford Resource Partners beats by $0.13, misses on revs (OXF) 7.44 : Reports Q2 (Jun) loss of $0.07 per share, $0.13 better than the Capital IQ Consensus Estimate of ($0.20); revenues fell 4.3% year/year to $91.9 mln vs the $96.2 mln consensus. "Our core Northern Appalachian operations are performing well and we are seeing increased demand from some of our customers in the region, and accordingly we expect continued growth in the second half of the year. Supporting this expectation, subsequent to quarter-end we reached an agreement in principle with one of our key long-term customers that calls for delivery of approximately 330,000 additional tons of coal in the second half of 2012. We will continue to serve our customers reliably and efficiently while implementing our strategic plan aimed at increasing our profitability and distributable cash flow."
Oxford Resource Partners, LP Reports Second Quarter 2012 Financial Results
7:00 AM ET 8/7/12 | PR Newswire
Oxford Resource Partners, LP (NYSE: OXF) (the "Partnership" or "Oxford") today announced second quarter 2012 financial results.
Driven by an increase in average sales price (net of transportation costs), Adjusted EBITDA[1] was $14.6 million for the second quarter of 2012 as compared to $11.2 million for the second quarter of 2011 and $11.0 million for the first quarter of 2012, representing increases of 31 percent and 32 percent, respectively. Distributable cash flow1 was $3.2 million for the second quarter of 2012, up $4.5 million from the second quarter of 2011 and $3.1 million from the first quarter of 2012. These results were primarily driven by a higher average sales price (net of transportation costs) of 11 percent as compared to the second quarter of 2011 and 4 percent as compared to the first quarter of 2012. Costs of coal sales per ton increased only 5 percent over the second quarter of 2011 and actually decreased 4 percent over the first quarter of 2012, which in combination with the higher average sales price (net of transportation costs) contributed to the improved sales margin for the second quarter of 2012.
Reported net loss for the second quarter of 2012 was $1.5 million, or $0.07 per diluted limited partner unit, compared to a net loss for the second quarter of 2011 of $6.3 million, or $0.30 per diluted limited partner unit, and a net loss of $15.8 million for the first quarter of 2012. Adjusted to exclude net proceeds of $6.3 million from the sale of certain oil and gas rights in Ohio, less impairment and restructuring charges related to the Illinois Basin operations and nonrecurring costs of $6.3 million, recurring net loss1 for the second quarter of 2012 would have remained at $1.5 million, or $0.07 per diluted limited partner unit. This represents a dramatic improvement over both the second quarter of 2011 and the first quarter of 2012 where the recurring net loss would have been $6.3 million and $7.0 million, respectively.
"We are beginning to realize the benefits from our actions in this challenging environment to further enhance operations," said Oxford's President and Chief Executive Officer Charles C. Ungurean. "We are executing on our plan to optimize our Illinois Basin operations while increasing productivity within our core Northern Appalachian operations in order to improve our profitability. At the same time, we are pursuing the sale of excess Illinois Basin assets to strengthen our balance sheet."
Ungurean continued, "Our core Northern Appalachian operations are performing well and we are seeing increased demand from some of our customers in the region, and accordingly we expect continued growth in the second half of the year. Supporting this expectation, subsequent to quarter-end we reached an agreement in principle with one of our key long-term customers that calls for delivery of approximately 330,000 additional tons of coal in the second half of 2012. We will continue to serve our customers reliably and efficiently while implementing our strategic plan aimed at increasing our profitability and distributable cash flow."
Production and Sales Information Summary
View data
Three Months Ended Six Months Ended June 30, June 30, 2012 2011 % Change 2012 2011 % Change (tons in thousands) (tons in thousands) Tons of coal produced (clean) 1,730 2,001 (13.5%) 3,621 3,952 (8.4%) (Increase) in inventory (80) (39) n/a (112) (68) n/a Tons of coal purchased 149 135 10.4% 220 276 (20.3%) Tons of coal sold 1,799 2,097 (14.2%) 3,729 4,160 (10.4%) Tons of coal sold under long-term contracts* 92.5% 96.8% n/a 92.5% 94.9% n/a Average sales price per ton $ 50.00 $ 45.57 9.7% $ 49.55 $ 45.50 8.9% Cost of transportation per ton $ 5.45 $ 5.57 (2.2%) $ 5.83 $ 5.31 9.8% Average sales price per ton (net of transportation expenses) $ 44.55 $ 40.00 11.4% $ 43.72 $ 40.19 8.8% Cost of purchased coal per ton $ 44.43 $ 35.47 25.3% $ 44.76 $ 35.92 24.6% Cost of coal sales per ton $ 36.03 $ 34.44 4.6% $ 36.78 $ 33.52 9.7% Number of operating days 67.2 70.0 (4.0%) 139.2 140.0 (0.6%) *Represents the percentage of the tons of coal sold that were delivered under long-term sales contracts.
Business Update
Northern Appalachian (NAPP) Operations
Oxford's core business performed well in the second quarter of 2012. As the largest producer of surface mined coal in Ohio, Oxford is a leading low-cost producer of steam coal in the Northern Appalachian region, and continues to benefit from its long-term customer relationships in the region. Oxford's sales book is fully committed and priced for the remainder of 2012 and is more than 90 percent committed and priced for 2013. Recent moves of equipment from the Illinois Basin operations, as well as increased production from highwall mining which is Oxford's lowest cost mining method, have been a part of the continuing efforts to increase productivity and lower costs across the Northern Appalachian operations. Oxford expects to see increased productivity in the Northern Appalachian operations from both the Illinois Basin equipment moves and the lower cost production with the highwall miners throughout the second half of 2012.
Illinois Basin (ILB) Operations
Oxford is optimizing the operations at its Illinois Basin mine complex through the following initiatives:
Adjusting the level of mining operations and varying the mines that are idled to best manage strip ratio impacts and other costs. As a result of these efforts, Oxford does not presently expect to be closing any of the idled mines, leaving them available for resumption of mining operations as the market dictates.
Completing the transfer of selected excess equipment from its Illinois Basin mines to its Northern Appalachian operations, which is expected to enhance productivity and reduce capital expenditures in the Northern Appalachian operations.
Pursuing the sale of excess Illinois Basin equipment.
Oxford remains committed to reliably serving its Illinois Basin customers throughout this process.
Liquidity
As of June 30, 2012, Oxford had available liquidity of $10.6 million. Oxford was supported by its lenders in a late second quarter amendment to its credit facility. As a result, Oxford expects to have full access to the credit facility revolver throughout its remaining term.
Also in the second quarter, Oxford sold oil and gas mineral rights on approximately 1,250 acres of land for $6.3 million. In the transaction, Oxford retained royalty rights equivalent to a 20 percent net revenue interest once the wells are producing. Currently, these wells have not been drilled.
During the remainder of 2012, Oxford expects to further enhance its liquidity through improved financial performance and through other activities which should provide an additional $15 to $19 million in liquidity. These other activities include $10 to $14 million in estimated proceeds from sales of excess Illinois Basin assets that are no longer needed in Oxford's operations, which Oxford anticipates will be completed by the end of 2012, as well as $5 million in expected capital expenditure savings. The expected capital expenditure savings in 2012 have been reduced from $10 million to $5 million due to the revised Illinois Basin mine plans.
Distributions
On July 26, 2012, the Partnership declared a cash distribution of $0.4375 per common unit for its second quarter ended June 30, 2012. The Partnership also declared a cash distribution of $0.10 per subordinated unit for its second quarter. The distributions will be paid on August 14, 2012 to all common and subordinated unitholders of record as of the close of business on August 7, 2012.
Conference Call
Oxford will host a conference call at 10:00 a.m. Eastern Time today (August 7, 2012) to review its financial results for the second quarter of 2012. To participate in the call, dial (800) 573-4754 or (617) 224-4325 for international callers and provide passcode 56272001. The call will also be webcast live on the Internet in the Investor Relations section of Oxford'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 August 7, 2012 and may be accessed at (888) 286-8010 or (617) 801-6888 for international callers. The replay passcode is 19491938. The webcast will also be archived on Oxford's website at www.OxfordResources.com for 30 days following the call.
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. Oxford 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 (NYSE: OXF), please visit www.OxfordResources.com. Financial and other information about the Partnership is routinely posted on and accessible at www.OxfordResources.com.
This announcement is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b), with 100% of the Partnership's distributions to foreign investors attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest applicable tax rate.
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 set forth under the headings "Business Update," "Liquidity" and "Distributions."
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 under 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 our mining operations and our underground coal reserves that we do 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.
Good find. I have taken some comfort in the knowledge
that the officers of this partnership own an awful lot of
common stock. I think their strategy is to keep the stock
price up by paying an attractive dividend. Whether they
can keep this up in the face of the switch to NG is the
question and this upcoming 10-Q should provide some
answers. We all should watch for any insider selling. If
that should start, exit quickly, is my thought. Meanwhile
divi of 19% is nice, but EPS is -1.28.
Looks like we may be able to get out with gains here lol
Oxford Resource Partners, LP Announces Second Quarter 2012 Common and Subordinated Unitholder Distributions
Jul 27, 2012 07:00:00 (ET)
COLUMBUS, Ohio, July 27, 2012 /PRNewswire via COMTEX/ -- Oxford Resource Partners, LP (OXF, Trade ) (the "Partnership" or "Oxford") declared a cash distribution of $0.4375 per common unit for its second quarter ended June 30, 2012. The Partnership also declared acash distribution of $0.10 per subordinated unit for its second quarter ended June 30, 2012. The distributions will be paid on August 14, 2012 to all common and subordinated unitholders of record as of the close of business on August 7, 2012.
The Partnership will report its second quarter 2012 financial results and provide an update on its previously announced strategic initiatives before the market opens on Tuesday, August 7, 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 August 7, 2012 conference call by dialing (800) 573-4754 or (617) 224-4325 for international callers and providing passcode 56272001. 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 August 7, 2012 and may be accessed at (888) 286-8010 or (617) 801-6888 for international callers. The replay passcode is 19491938. The webcast will also be archived on the Partnership's website at www.OxfordResources.com for 30 days following the call.
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. Oxford 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 the Partnership is routinely posted on and accessible at www.OxfordResources.com .
This announcement is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b), with 100% of the Partnership's distributions to foreign investors attributable to income that is effectively connected with aUnited States trade or business. Accordingly, the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest applicable tax rate.
SOURCE Oxford Resource Partners, LP
Yes it does and you should be able to find the answers by
reading the board posts and looking at the SEC filings.
This is a great company that is getting trashed along with
the rest of the coal industry.
Quick Question for the board. Does this stock really pay this high of a dividend and does amybody know why it took this crash?
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
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