All value CLD ever had was transferred through the take or pay to warren buffets rail company...
It is sad when the big boys cannibalize the smaller companies just to keep their overvalued shareholders from losing a little money but its all just business.
Still not buying back in, just to recall, i sold out at 3.84 and have not regretted it for one day. Just holding out for a reason, a hope for a valid reason to buy back in which i really dont see.
Looking at the PRB coal futures I dont see a turnaround so soon. My best guess is that CCTC proves its technology which supposedly works is scalable and makes a lot of the 8800 coal be near worthless to mine and sell as such. There will be prolonged period in which 8800 increasingly is turned into higher BTU coal at an increasing pace and natural gas gets put back in its spot. Coal will reign supreme again however CLD will bleed a lot more value for shareholders until then. I mentioned like 6months ago that CLD needs to sell forward for 12.00 but I didnt see any news in this regards, they only got some put options for the asian coal as far as I know. In my opinion CLD put itself in a terrible spot when they gambled on a recovery in coal prices at the end of 2014 and now they are still suffering because of it. I think at best CLD can make it back to 6 per share, I really doubt 13 to be possible.
Well, the stock market is a pump and dump... I am hoping to see CLD below 1.50 next year in January before i place my order back in. I really doubt it will turn around and go up significantly again so soon. That pump and dump story of hedge funds buying CLD CNX and others the other day was already cashed in the day itself when CLD went to from 2,00 to 2.28. That is more than 10%. There is another nonsense news about xmas lights to sell CLD and other energy producers. Best to stay away from it.
From what I know, CLD has 2 more bad years to get through before the take or pay liabilities will be worked through so by my estimation, there is at least 1 more year of declines in the stock price and I see CLD going to towards 1.00 at which point a 50% to 200% profit may be possible on a quick flip.