The Conversation (0)
- Alliance Resources has increased its cash levels by more than 224% since June 2021.
- Alliance's election to convert Alliance Minerals into a corporate taxable entity will lower the company's tax on its oil and gas royalty. This taxation reduced net income by $42 million.
- Production on the company's acreage has substantially increased, leading to an increase in drilling and completion activities.
- The company is considering opportunities in mining beyond thermal coal to include metallurgical coal. It is also looking at EV charging, Smart cameras, energy storage, energy efficiency and renewable energy.
For further details see:
Alliance Resource Partners: A Buy Amid A Strong Expansion Focus
