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Oxford Resource Partners, LP (OXF)

- NYSE
  • Dec. 9, 2014, 2:48 PM
    • Westmoreland Coal (WLB +9%) is sharply higher on news it priced a private offering of ~$350M of 8.75% senior secured notes due 2022, a refinancing that analysts say will lower cash interest costs by nearly $18M/year going forward.
    • In lowering WLB's stock price target to $52 from $60, Brean Capital sees the pricing in the difficult market environment as a notable step toward completing the acquisition of Oxford Resource Partners (NYSE:OXF) by year-end, but it also believes energy market volatility led to the debt being priced above prior estimates from the time of Q3 results (Briefing.com).
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  • Dec. 3, 2014, 6:21 PM
    • Oxford Resource Partners (NYSE:OXF) +19% AH after disclosing that it was notified by the NYSE that it regained compliance with the exchange's share price continued listing standard.
    • Both the closing price of OXF’s common units and the average closing price over the preceding 30 consecutive trading days were in excess of the $1 minimum threshold required by the NYSE.
    | 1 Comment
  • Oct. 8, 2014, 12:24 PM
    • Morgan Stanley analysts are the latest to dump on coal stocks (NYSEARCA:KOL), as it lowers its price forecast for hard coking coal to $125/ton next year and says 2015 appears likely to bring a more gradual price recovery than previously expected.
    • The firm downgrades Walter Energy (WLT -10.3%) to Equal Weight from Overweight with a $4 price target, down from $16, noting that WLT likely has sufficient liquidity through 2015 but citing the uncertain timing and magnitude of a price recovery as leaving an insufficient margin of safety.
    • Peabody Energy (BTU -1.2%) is the firm's preferred play in coal because it is less liquidity constrained than other coal producers; BTU "offers multiple ways to win, with diversified met, domestic thermal and seaborne thermal exposure."
    • Also: ACI -6.4%, CLF -5.6%, CLD -5.2%, ANR -3.4%, OXF -2.3%.
    | 2 Comments
  • Sep. 18, 2014, 10:21 AM
    • Coal names are broadly lower after Goldman Sachs downgrades Peabody Energy (BTU -5.1%) to Sell from Neutral and cuts its stock price target to $13 from $15, believing lower coal prices will hurt BTU's margins.
    • WLT -7.1%, ACI -4.1%, ANR -4.1%, CNX -1.5%, CLD -1.4%, WLB -0.9%, OXF flat.
    | 8 Comments
  • Jul. 21, 2014, 3:09 PM
    • Oxford Resource Partners (OXF +27.4%) soars after winning a $19.5M settlement against Kentucky utility Big Rivers Electric in a dispute over a coal contract.
    • Today's big gain in OXF is a rare move for a stock that has lost most of its value in the past two years because of mounting debt and doubts about future coal demand.
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  • Apr. 8, 2014, 10:42 AM
    • Consol Energy's (CNX +3.6%) upgraded coal outlook is lifting coal names higher across the board: ANR +9.2%, WLT +7.4%, ACI +5.6%, YZC +5.2%, BTU +3.8%, WLB +3.1%, OXF +3%, CLD +2%, KOL +1.9%.
    • Stifel raises its CNX target price to $46 from $45, reflecting the strong market for northern Appalachian thermal coal, offsetting a weaker pricing and volume outlook for met coal (Briefing.com).
    | 29 Comments
  • Mar. 7, 2014, 12:39 PM
    • Alpha Natural Resources (ANR -9.4%) is hit hard after Goldman Sachs last night cut its rating on the shares to Sell and lowered its price estimates for coal; other sector names are following suit.
    • Goldman also cut its price estimate for met coal this year to $141/metric ton from $150 and lowered projections for next year and 2016 following increased Australian output, an expected slowdown in the growth of Chinese imports, and “limited U.S. supply rationalization."
    • The firm maintains a Neutral rating on Walter Energy (WLT -5.6%) but cuts its price target to $10 from $12.
    • Also: BTU -4.2%, ACI -4%, CNX -1.5%, OXF -1.6%, JRCC -1.5%, CLD -0.7%, KOL -2.1%.
    | 20 Comments
  • Feb. 3, 2014, 5:39 PM
    • James River Coal (JRCC) -6.7% AH after plunging nearly 20% in the final half-hour of regular trading on a Bloomberg report that it hired Perella Weinberg Partners to advise on the restructuring of its debt and restructuring advisers including Blackstone have been pitching creditors.
    • JRCC, which has closed mines and hasn’t posted an annual net profit since 2010, is among U.S. producers hurt by a decline in coal prices and the natural gas boom; for metallurgical coal used in steelmaking, rising Australian output has helped create a global surplus.
    • Other coal producers also fell sharply today: ANR -8.1%, WLT -7.1%, ACI -5.4%, OXF -3.1%, BTU -2.7%, RNO -1.4%, CNX -1.2%.
    | 13 Comments
  • Aug. 22, 2013, 12:59 PM
    | 9 Comments
  • Jul. 31, 2013, 10:41 AM
    • Oxford Resource Partners (OXF +3.2%) continues higher after yesterday's 21% rise stemming from a positive Seeking Alpha article by GuruFundPicks which says a recent debt refinancing leaves OXF free to execute on a turnaround plan.
    • Operations are turning around, according to the article, and OXF should enjoy improved production at its Appalachian mines, which does not seem to have been modeled into analyst projections.
    • As coal reaches a positive inflection point, shares could have 50-150% upside.
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  • Jul. 30, 2013, 10:36 AM
    • Idenix Pharmaceuticals (IDIX +7.4%) and Oxford Resource Partners (OXF +15.6%) are sharply higher in early trade after bullish SA Pro articles (embargoed until tomorrow morning)
    • McDuck capital calls Idenix a potential multi-bagger recently made cheap by the market's falling out of love with Hepatitis C's most promising treatment
    • Oxford Resources - virtually unknown and operating in the heavily out-of-favor coal industry - is a turnaround play also with multi-bagger potential, says GuruFundPicks
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  • Jun. 25, 2013, 12:45 PM
    Midday top 10 gainers: CBMX +59%. MEET +38%. OXF +23%. CRWN +18%. USMD +16%. ALLT +14%. HYGS +14%. YRCW +12%. OGEN +12%. OPTT +11%.
    Midday top 10 Losers: DMD -21%. BKS -18%. MITK -17%. AVD -16%. FMAR -14%. SINO -9%. EDUC -9%. INFI -8%. GHDX -9%. OESX -8%.
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  • Jun. 25, 2013, 9:55 AM
    Oxford Resource Partners (OXF +35.7%) says it closed on $175M of new credit facilities to replace its previous term loan and revolving credit facility, extending its debt maturity profile and increasing availability. OXF says the refinancing "significantly enhances [its] financial flexibility and puts it in a stronger position to participate in a coal market rebound."
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  • Jun. 14, 2013, 1:34 PM
    Walter Energy (WLT -12.8%) dives after Forbes reports the company withdrew a proposed $1.55B debt refinancing offer due to "market conditions." Other coal stocks are also off: BTU -4.5%. ACI -7.1%. CLF -3.5%. ANR -5.1%. OXF -3.1%. JRCC -3.3%. CLD -4.1%.
    | 8 Comments
  • May 30, 2013, 10:37 AM
    Peabody Energy (BTU +3.9%) pops higher on speculation of an activist investor such as Carl Icahn looking to seek seats on the company's board. The rumor may be helping to lift other coal names: JRCC +2.4%, OXF +1.9%, CLD +1.8%, WLT +1.5%, ANR +0.6%, ACI +0.5%.
    | 1 Comment
  • Jan. 29, 2013, 12:45 PM
    Midday top 10 gainers: MLNK +32%. KERX +30%. SOMH +25%. VTUS +24%. MHH +14%. SWIR +14%. AEZS +11%. CNIT +11%. IBCP +10%. SSBI +10%.
    Midday top 10 Losers: OXF -31%. ANAC -21%. VMW -20%. SANM -18%. OCZ -18%. LXK -15%. CTC -13%. GIG -12%. NTGR -11%. SHIP -11%.
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Company Description
Oxford Resource Partners LP is a low-cost producer of high value thermal coal and surface mined coal in Ohio. Its reserves and operations are located in Northern Appalachia and the Illinois Basin.