Quick Win by the Algorithm: NRP up 78%

Quick Win by the Algorithm

On August 21st, 2016, the I Know First algorithm had predicted a bullish forecast for Natural Resource Partners L.P. (NRP). NRP had a signal of 157.02 and a predictability of 0.66. In accordance with the algorithm, the company reported long-position capital gains of 78.37% experiencing a quick win by the algorithm.

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Natural Resource Partners L.P. is a diversified natural resource company that owns interests in coal, aggregates and industrial minerals across the United States. A large percentage of NRP’s revenues are generated from royalties and other passive income. In addition, NRP owns an equity investment in Ciner Wyoming, a trona/soda ash operation and owns VantaCore, a construction aggregates business, making NRP one of the top 25 aggregates producers in the United States.

quick win by the algorithm

With the recent need for natural resources to power entire countries, mining for coal and other natural resources are becoming more important than ever. Companies such as NRP are trying to find these resources to keep up with the demand and usage of businesses, homes, etc. Earlier this month, NRP released their Q3 earnings, with a net income of $16.2 million ($1.32 per unit). This is an increase of $338.3 million, from a loss of  $322.1 million ($26.34) per unit in the previous year.

The growth with NRP is not exclusive, energy companies such as Clayton Williams Energy (CWEI) are growing at a quick pace. Coal specifically, the companies main resource, has gone up in price and because of this, NRP has been benefitting. There is also a rising demand for domestic thermal coal because of advancing natural gas prices. These causes are improving the coal industry and thus improving the leading coal mining companies.

This bullish forecast on NRP was sent to current I Know First subscribers on August 21st, 2016. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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