CONSOL Energy’s stock more than doubled last year thanks to improving commodity prices.
Weak earnings and gloomy guidance sent Hornbeck Offshore Services, Atwood Oceanics, Bristow Group, and Matrix Service down by double digits this week.
After huge stock price advances in 2016, can thermal coal miners repeat the magic in 2017?
The coal MLP’s initial guidance for 2017 forecasts stronger volumes than 2016.
The oil company completed several strategic initiatives that shored up its financial position, but it still has more work to do to start growing again at current oil prices.
Rising oil prices and some company-specific catalysts drove double-digit rallies in Kosmos Energy, RigNet, Abraxas Petroleum, California Resources, and Hess last month.
Coal MLPs Alliance Holdings GP, L.P., and Alliance Resource Partners, L.P. face an uphill battle as they strive to hold off another distribution cut.
Both Gilead Sciences and Alliance Holdings GP are selling at pretty considerable discounts right now.
The damage has been done at these two high-yielders, which is why is why you might want to consider buying them now.
The coal-producing MLP will not benefit all that much from the recent rally in the coal market.