Westmoreland Resource Partners LP (fka WMLPQ)

[laplova]

it dropped like a rock today, why do you think?
and how fast do you think it will go up to $6. by this week do you think?

[cjstocksup]

"The Company maintains a strong and viable business, as evidenced by its positive free cash flow, and its employees, customers and vendors should see no disruption to current operations as a result of this announcement."

WMLP

[cjstocksup]

WMLP recent news: (Updated - May 23, 2018 9:50 AM EDT)

Westmoreland Resource Partners (NYSE: WMLP) climbed 140% Wednesday morning. Yesterday the company said it has secured a new financing commitment for $110 million from an ad hoc group of the Company’s existing secured creditors holding approximately 79% of its term loan and approximately 79% of its senior secured notes.

Press release:

Westmoreland Coal Company (“Westmoreland” or the “Company”) announced today that it has secured a new financing commitment for $110 million from an ad hoc group of the Company’s existing secured creditors holding approximately 79% of its term loan and approximately 79% of its senior secured notes (the “Ad Hoc Group”).

Proceeds from the financing will provide additional liquidity and will be used to fully repay both the San Juan term loan and the existing asset-based revolvers, simplifying Westmoreland’s capital structure. The additional liquidity will provide more time for the Company and its advisors to continue negotiations with the Ad Hoc Group to develop a comprehensive restructuring plan that will right-size the Company’s capital structure and better ensure the long-term viability of Westmoreland.

“We appreciate the confidence our secured creditors continue to show through their increased financial support and their constructive ongoing dialogue,” said Westmoreland’s Interim Chief Executive Officer, Michael Hutchinson. “Today’s announcement underscores the value Westmoreland delivers to its communities, customers and employees today and will deliver long into the future. Securing this financing is a meaningful step towards simplifying our capital structure while providing additional liquidity to the parent. This financing also provides us with the financial flexibility to develop a longer-term plan while soliciting input from a number of our key constituents, who all want to see Westmoreland continue to grow and prosper. In the months ahead, we will continue our evaluation and determine the appropriate strategic, operational and financial structure to support the continued future growth of our business.”

The Company maintains a strong and viable business, as evidenced by its positive free cash flow, and its employees, customers and vendors should see no disruption to current operations as a result of this announcement.

The following is a summary of the key terms of the financing package:
$90 million available immediately, plus $20 million delayed draw availability, in the form of a new $110 million delayed draw term loan from the Ad Hoc Group, secured by substantially all of the Company’s U.S. and Canadian assets;
Flexibility to convert the term loan into a post-petition financing package should the Company pursue an in-court restructuring; and
The Company’s existing secured creditors will receive a lien, junior to the senior lien securing the financing, on substantially all of the Company’s domestic assets that did not previously secure existing debt.

Neither Westmoreland Resources Partners, LP nor any of its subsidiaries will be obligors under the new financing package.

Kirkland & Ellis LLP is serving as legal advisor, Centerview Partners is serving as financial advisor and investment banker, and Alvarez & Marsal is serving as restructuring advisor to Westmoreland. Kramer Levin Naftalis & Frankel LLP is serving as legal advisor and FTI Consulting, Inc. is serving as financial advisor to the Ad Hoc Group.https://www.streetinsider.com/Corporate+News/Westmoreland+Resource+Partners+%28WMLP%29+Climbs+140%25+After+Announcing+%24110+Million+in+New+Financing/14228730.html

[cjstocksup]

Stop with the crazy rumors all companies issue disclaimers and we have in all of the earnings reports for years back. WMLP traded over $250.00 a share and then Obama destroyed the coal industry. This company was one of the few that survived the rest went BK. There was a good article out this AM about this company being 1 of 2 companies that will make it. With a float of 1.1 million shares we can run back over our recent higher of almost $6.00 we hit premarket on Friday and over $10.00 etc. ahead. Don't buy it if you do not understand the stock. Otherwise you can always trade it.

[laplova]

i heard this one is going to bankruptcy, is that true?

[cjstocksup]

The daily mid day halts are nothing new and there are always a lot of them are because there is a tiny float here of only 1.1 million shares.

[cjstocksup]

WMLP get's halted all the time and sometimes several times a day it has a tiny float. It was halted tons of times in July alone. Fridays halt ahead of earnings was stupid IMO.

[SchlumpyStock-Picker]

More news to come???

So far I see NO reason trading should have been halted and stopped trading until the close on Friday.

Something is going on behind the scenes.

[TuiTui509]

Only chart can not convince anyone. There is nothing up for this company. Coal is dead years back.

The current share price says everything. Only a pump and dump on Friday.

[Lenard]

halted

[cjstocksup]

WMLP has a tiny float of 1.1 million shares. When this one runs it can run over $10.00 with ease. I am patient. The groups ran it to almost $6.00 premarket Friday. They will be back to run it again. Refer to the charts. I am patient.

[TuiTui509]

This one is garbage. Sell sell sell!

[Lenard]

I think if it was bad it would have tanked already

[Lenard]

I see to different news contradicting earnings one says up and the other down silly editor

[cjstocksup]

I would not sell. Looks like the halt scared some but we could easily run up to $10.00 to $20.00 in the days ahead IMO. WMLP has been halted tons of times just look at the month of July to see how many times it was halted. It was due to trading volume. That happens on tiny float stocks and we have the lowest float of any stocks they have ran to insane highs recently and most with low floats they ran to $20.00 to $30.00 recently. None had a tiny 1.1 million share float like we do! I added more pre market.

[Lenard]

so now they resume trading without news

[cjstocksup]

No idea. WMLP was halted for news pending. Not sure if it is news or earnings. We should know more Monday morning.

[laplova]

Realistically what do you think the pps of this would be by wed when earnings report comes out

[Lenard]

Regulation is just as much a disservice when a halt due to pending news half way through the day, so pending means whenever someone in a office feels like lifting a halt. It should be one or the other halted before the day starts or after it ends.

[cjstocksup]

The top running Nasdaq stocks of late have been tiny floats that they would run forom $1.00 or $2.00 to over $20.00 and $30.00 just because they had tiny floats. WMLD has the lowest one I have found and it only ran twice in the past few months. None of them were permanently halted that is complete nonsense. Many were halted 10 times a day because of volume because with a low float the MM's can not keep up. Go through all the daily halts WMLP had to go though just in the moths of July. There were tons of them. None related to news though. I am going to love to see all shorts screwed next week. We ran to almost $6.00 premarket on Friday ahead of news. I am going to laugh if we gap up at $10.00 before the halt is lifted so we can run back over $20.00. Look at the years Obama was president and what he did to the PPS here. WMLP was over $250.00 per share at 1 point. Now we are going to be a huge market in coal with China needing US coal!

[GunShow_Trader]

Very true. One of the few times I’m glad I got stopped out even if I would have wound up in profit.

Someone indicated this on Twitter about a stock that got halted last year.

“Well, for example, CELT had a similar run up in 2017 and also received a T1 in the afternoon. It's still halted months later.”

[dipbuy]

Assuming it is unhalted.

[GunShow_Trader]

I’m definitely not short on it. Going to watch it over the weekend and continue to see what’s happening.

[cjstocksup]

Read all the stuff that is posted out there and do your DD like I and others have. I bet you did not even read the recent WMLP 8K. There are waivers for the 2014 loan so things are way better than they were a couple months back! WMLP was over $250 on the 10 year chart and you can see what Obama did to this coal stock as tons of others went out of business completely. WMLP survived. They are doing well or no one would have given them hundreds of millions of dollars. Now with Trump in office the coal companies can be huge and bigger than ever before We can sell coal to China!
https://ih.advfn.com/p.php?pid=nmona&article=77970361

[GunShow_Trader]

In that same article:

1. “secured by substantially all of the Company’s U.S. and Canadian assets;
Flexibility to convert the term loan into a post-petition financing package should the Company pursue an in-court restructuring;”

- possible bankruptcy wording: “in court restructuring”
- “substantially all of the company’s US and Canadian assets” - leveraging the whole company?

and

2. “The Company’s existing secured creditors will receive a lien, junior to the senior lien securing the financing, on substantially all of the Company’s domestic assets that did not previously secure existing debt.”

- Any remaining assets are being leveraged as well.

3. Also, they’ll use $90 mil and keep access to the other $20 mil.

- If revenues are there, why are they having to leverage so much of their company assets?

Those are my three concerns.

Again, it’s a low float and there are a lot of sheep investors out there. Some will follow the momentum, so this could rock for a bit before it falls like a rock.

[cjstocksup]

The Company maintains a strong and viable business, as evidenced by its positive free cash flow, and its employees, customers and vendors should see no disruption to current operations as a result of this announcement.

WMLP

[GunShow_Trader]

Regardless of what it is, it’s a low float, so this could get super interesting Monday morning as everybody will be watching for all due diligence being done this weekend.

[GunShow_Trader]

I did. There are some concerning things. The 110 million dollar loan concerns me for what it says about company cash flow.

[cjstocksup]

Read all the WMLP DD and recent news. That is a very good thing. Hope you are not short. I noticed all day today even starting pre market there were never any shares available to short so the shorts maxed out the short positions. If she gaps up several dollars again on Monday like this AM when we were at about $5.50 but Monday that could mean $8.00 to $10.00 then runs with the 1.1 million share float shorts will get killed! How many stocks with tiny floats have we recently seen run over $30.00 etc. I love these low float gems.

[GunShow_Trader]

Maaannnn. If it’s up ahead of earnings, that’s not a good sign.

[cjstocksup]

WMLP Company Overview
Company Contact

Headquarters: 9540 Maroon Cir Ste 300
ENGLEWOOD, CO 80112-5730
Web Address:
https://westmorelandmlp.com/

Westmoreland Resource Partners, LP, formerly Oxford Resource Partners, LP, is a producer and marketer of thermal coal to the United States utilities and industrial users, and a producer of surface mined coal in Ohio. The Company markets coal to electric utilities with coal-fired, base-load scrubbed power plants under long-term coal sales contracts. Its reserves and operations serve its market area of the Midwest, Northeast and Rocky Mountain regions of the United States. The Company operates approximately 20 active surface mines and manages these mines as mining complexes located in eastern Ohio and Wyoming. The Company's Ohio mining facilities include approximately two preparation plants, both of which receive, wash, blend, process and ship coal produced from its mines. The Company's operating subsidiaries include Oxford Mining Company, LLC, Oxford Mining Company-Kentucky, LLC, Westmoreland Kemmerer, LLC, Westmoreland Kemmerer Fee Coal Holdings, LLC and Harrison Resources, LLC.

[cjstocksup]

WMLP recent news: (Updated - May 23, 2018 9:50 AM EDT)

Westmoreland Resource Partners (NYSE: WMLP) climbed 140% Wednesday morning. Yesterday the company said it has secured a new financing commitment for $110 million from an ad hoc group of the Company’s existing secured creditors holding approximately 79% of its term loan and approximately 79% of its senior secured notes.

Press release:

Westmoreland Coal Company (“Westmoreland” or the “Company”) announced today that it has secured a new financing commitment for $110 million from an ad hoc group of the Company’s existing secured creditors holding approximately 79% of its term loan and approximately 79% of its senior secured notes (the “Ad Hoc Group”).

Proceeds from the financing will provide additional liquidity and will be used to fully repay both the San Juan term loan and the existing asset-based revolvers, simplifying Westmoreland’s capital structure. The additional liquidity will provide more time for the Company and its advisors to continue negotiations with the Ad Hoc Group to develop a comprehensive restructuring plan that will right-size the Company’s capital structure and better ensure the long-term viability of Westmoreland.

“We appreciate the confidence our secured creditors continue to show through their increased financial support and their constructive ongoing dialogue,” said Westmoreland’s Interim Chief Executive Officer, Michael Hutchinson. “Today’s announcement underscores the value Westmoreland delivers to its communities, customers and employees today and will deliver long into the future. Securing this financing is a meaningful step towards simplifying our capital structure while providing additional liquidity to the parent. This financing also provides us with the financial flexibility to develop a longer-term plan while soliciting input from a number of our key constituents, who all want to see Westmoreland continue to grow and prosper. In the months ahead, we will continue our evaluation and determine the appropriate strategic, operational and financial structure to support the continued future growth of our business.”

The Company maintains a strong and viable business, as evidenced by its positive free cash flow, and its employees, customers and vendors should see no disruption to current operations as a result of this announcement.

The following is a summary of the key terms of the financing package:
$90 million available immediately, plus $20 million delayed draw availability, in the form of a new $110 million delayed draw term loan from the Ad Hoc Group, secured by substantially all of the Company’s U.S. and Canadian assets;
Flexibility to convert the term loan into a post-petition financing package should the Company pursue an in-court restructuring; and
The Company’s existing secured creditors will receive a lien, junior to the senior lien securing the financing, on substantially all of the Company’s domestic assets that did not previously secure existing debt.

Neither Westmoreland Resources Partners, LP nor any of its subsidiaries will be obligors under the new financing package.

Kirkland & Ellis LLP is serving as legal advisor, Centerview Partners is serving as financial advisor and investment banker, and Alvarez & Marsal is serving as restructuring advisor to Westmoreland. Kramer Levin Naftalis & Frankel LLP is serving as legal advisor and FTI Consulting, Inc. is serving as financial advisor to the Ad Hoc Group.https://www.streetinsider.com/Corporate+News/Westmoreland+Resource+Partners+%28WMLP%29+Climbs+140%25+After+Announcing+%24110+Million+in+New+Financing/14228730.html

[cjstocksup]

You and I can get some good sticky notes up. Most never even read that news from 10 days ago. I will sticky note it in bold as soon as they approve me as a mod.

[crudeoil24]

Good stuff CJ. Also, China needs our coal in a big way. China imported 146 million tons of coal and lignite in the first half of 2018, up 9.9 percent from the previous year and a three-year high.

WMLP

[cjstocksup]

I also just read the 8K waiver from 4 days ago on that 214 loan you had referred to earlier. That was good news also IMO and it was waived due to the new loan. I hope we get to run this 1.1 million share low floater up huge next week. I still have 1000 shares. The OS is 1.3 million shares. Anything positive and the groups can run it up huge for days IMO. They have ran crappy good stocks to $20.00 and $30.00 just because they have low floats. WMLP has a really low float and IMO good news is flowing as we saw 10 days ago and 4 days ago.

[crudeoil24]

Good DD CJ. Plenty of info last two hours on this board.

[crudeoil24]

That makes good common sense. May be another GREEN day Monday!

[TheFinalCD]

so says the long


financials paint a diff pic

[cjstocksup]

This is from 10 days ago when the 110 million dollar loan news hit. I just posted the entire news link but the WMLP news that is pending should be good! The float was at 1.1 million shares very low with the OS at 1.3 million shares.
"The Company maintains a strong and viable business, as evidenced by its positive free cash flow, and its employees, customers and vendors should see no disruption to current operations as a result of this announcement."

[cjstocksup]

I think we get good news. Found this ASH was talking about it on another board. I will post the link also below.
(Updated - May 23, 2018 9:50 AM EDT)

Westmoreland Resource Partners (NYSE: WMLP) climbed 140% Wednesday morning. Yesterday the company said it has secured a new financing commitment for $110 million from an ad hoc group of the Company’s existing secured creditors holding approximately 79% of its term loan and approximately 79% of its senior secured notes.

Press release:

Westmoreland Coal Company (“Westmoreland” or the “Company”) announced today that it has secured a new financing commitment for $110 million from an ad hoc group of the Company’s existing secured creditors holding approximately 79% of its term loan and approximately 79% of its senior secured notes (the “Ad Hoc Group”).

Proceeds from the financing will provide additional liquidity and will be used to fully repay both the San Juan term loan and the existing asset-based revolvers, simplifying Westmoreland’s capital structure. The additional liquidity will provide more time for the Company and its advisors to continue negotiations with the Ad Hoc Group to develop a comprehensive restructuring plan that will right-size the Company’s capital structure and better ensure the long-term viability of Westmoreland.

“We appreciate the confidence our secured creditors continue to show through their increased financial support and their constructive ongoing dialogue,” said Westmoreland’s Interim Chief Executive Officer, Michael Hutchinson. “Today’s announcement underscores the value Westmoreland delivers to its communities, customers and employees today and will deliver long into the future. Securing this financing is a meaningful step towards simplifying our capital structure while providing additional liquidity to the parent. This financing also provides us with the financial flexibility to develop a longer-term plan while soliciting input from a number of our key constituents, who all want to see Westmoreland continue to grow and prosper. In the months ahead, we will continue our evaluation and determine the appropriate strategic, operational and financial structure to support the continued future growth of our business.”

The Company maintains a strong and viable business, as evidenced by its positive free cash flow, and its employees, customers and vendors should see no disruption to current operations as a result of this announcement.

The following is a summary of the key terms of the financing package:
$90 million available immediately, plus $20 million delayed draw availability, in the form of a new $110 million delayed draw term loan from the Ad Hoc Group, secured by substantially all of the Company’s U.S. and Canadian assets;
Flexibility to convert the term loan into a post-petition financing package should the Company pursue an in-court restructuring; and
The Company’s existing secured creditors will receive a lien, junior to the senior lien securing the financing, on substantially all of the Company’s domestic assets that did not previously secure existing debt.

Neither Westmoreland Resources Partners, LP nor any of its subsidiaries will be obligors under the new financing package.

Kirkland & Ellis LLP is serving as legal advisor, Centerview Partners is serving as financial advisor and investment banker, and Alvarez & Marsal is serving as restructuring advisor to Westmoreland. Kramer Levin Naftalis & Frankel LLP is serving as legal advisor and FTI Consulting, Inc. is serving as financial advisor to the Ad Hoc Group.https://www.streetinsider.com/Corporate+News/Westmoreland+Resource+Partners+%28WMLP%29+Climbs+140%25+After+Announcing+%24110+Million+in+New+Financing/14228730.html

[cjstocksup]

I saw this earlier from weeks back. Not sure where he got his info on WMLP. You might want to ask him.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142143119&txt2find=wmlp

[crudeoil24]

No short shares available> Holy Cow!

[cjstocksup]

There were no short shares available all day today I checked during the run. If we have any good news WMLP is going to run huge.

[INTL]

Ready to go long or short. Can't find it now, but read a seeking alpha piece at some point this summer where they were calling on WMLP to file for BK. Something about a toxic debt death spiral. Could be an early Monday, waiting for the news to drop.

[ClayTrader]

* * $WMLP Video Chart 08-03-18 * *

Link to Video - click here to watch the technical chart video

[cjstocksup]

WMLP was over $250.00 when you go back on the 10 year chart. Obama killed all the coal companies when he crushed the industry and most coal companies went BK. WMLP has a tiny float of 1.3 million shares and survived all of that BS. With Trump in now that could mean massive upside potential above ahead for WMLP shareholders!

[INTL]

Haha! Just watching this one. Last time I checked, they borrowed over $100 mill to pay toxic debt. Then again, Trump professes to be a clean coal advocate. Could go either way.
Sincerely
Kim J

[crudeoil24]

Already looming large on 3hr. & 1hr. BUZZ CLOUD.

[TheFinalCD]

A) a low float that got interest before earnings then turned in to a squeeze...


B) Leak and or/front load of good earnings release


C) Big catalyst news event coming


D) nothing big coming or worse bad news and or/earnings report

[crudeoil24]

"It can go either way for the Ohio-based company but based on the movement of the WMLP stock today, I would say good things are expected."