2024-03-25 08:38:29 ET
Summary
- Alliance Resource Partners is transitioning from the coal business to the Oil & Gas royalty business for long-term survival.
- The company is actively pursuing new investments in undeveloped oil and gas fields to grow its portfolio of royalties-generating assets.
- The market is currently undervaluing the company as a coal business, but a successful transition could lead to a re-rate of the stock and a potential 50% upside to $29 per share.
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Alliance Resource Partners: A Transitioning Story That Might Yield Great Results