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Peabody Energy Corp. Message Board

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  • dlhild@ymail.com dlhild May 23, 2012 8:52 PM Flag

    BTU risk of bankruptcy:

    I did read carefully. I found the article interesting, that's all. You should have found it interesting too. As I indicated, I'm long a few 100 BTU and am looking to increase my holding. I do think though that BTU is still going lower, because the S&P (in my opinion) is going lower, and when the tide goes out, BTU is apt to drop a bit more. PCX, now that is a different story. Lots of coal reserves, but enormous liabilities for post retirement benefits, multi-employer pension plans, etc. I suspect too that ANR will survive as well. Probably some consolidation coming in this industry. The BIG mining companies like BHP and RIO have to be considering taking over some of these coal companies.

 
BTU
5.60-0.75(-11.81%)Mar 26 4:04 PMEDT