Friday October 10, 2:31 pm ET Penn Virginia partnerships say business solid despite stock drops, funding exists through 2009 RADNOR, Pa. (AP) -- Penn Virginia Resource Partners LP and Penn Virginia GP Holdings LP said Friday that despite recent stock drops, their business remains sound and that it has enough money to fund operations through 2009. Both partnerships also raised their quarterly cash distributions. Penn Virginia Resource is a partnership spun off by Penn Virginia Corp. The partnership develops coal properties and natural gas. Its stock has dropped 56 percent so far this year. Penn Virginia GP owns interests in coal mines managed by Penn Virginia Resource. Its stock has dropped 61 percent so far this year. "We believe that the primary explanation for the declines in the unit prices of both entities is the impact...
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