Right Tail Capital’s Investment Thesis for Natural Resource Partners L.P. (NRP)

Right Tail Capital, an investment management company, published its Q1 2026 investor letter. A copy of the letter can be downloaded here. The current market is volatile due to uncertainties from artificial intelligence implications across industries, geopolitical tensions, including the US-Iran conflict, and other macro developments. In this environment, the firm seeks businesses with resilient economics and strong management. The firm believes this period offers opportunities for patient...