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From: SunTzu772 (Rep: 1063) reply to SunTzu772Date: 03/20/2017 13:36
Forum: WESTMORELAND RESOURCE PARTNERS - Msg #20Thread #673914305 (Rec: 0)
Re: 4.96..5.22.. 1.1m float..$79.3m EBITDA eps (.18) vs qtq(.27) yoy(.50) op income $8.87m vs ($5.21m)
FY' ($1.51) vs ($4.62) => this was with EPA regulations in full effect (now being repealed)


Trump Signs Repeal Of Obama Coal Mining Regulations



----------------------------------------------------------------------------------------------------------------------- "Opportunities multiply as they are seized" -- Sun Tzu circa 500 B.C.

Reply to SunTzu772 - Msg #18 - 03/16/2017 14:05

4.96 radar 1.1m float coal miner into e/r - thin w/ sharp spikes on any vol.
'We delivered record high quarterly adjusted EBITDA. These results were driven by solid demand and demonstrate the benefits of our diverse portfolio, ability to execute, and the strength of our business model. Similar to other quarters, we generated impressive free cash flow as a result of our focus on cost containment, cash flow initiatives, and capital spending management,' said Westmoreland Chief Executive Officer, Kevin Paprzycki. 'During the quarter, we also acted quickly to better position Coal Valley when Newcastle pricing increased. We hedged 100% of the 2017 Coal Valley production at prices that will result in breakeven cash flow. This compares very favorably to the projected $10 million cash drag in 2016. We are aggressively evaluating all alternatives for these operations including potential monetization.'
Paprzycki commented on the outlook, 'We have executed well this year and are on track to set another adjusted EBITDA record in the fourth quarter. This gives us confidence to tighten our guidance ranges so we now expect to produce full year 2016 adjusted EBITDA in the range of $255 million to $265 million and free cash flow in the range of $75 million to $85 million.'


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