to see new high here shortly!
Jim Cramer -- Don't Even Think About Making Bets on Copper, Coal or Ironat TheStreet(Fri, Oct 2)...
Peabody Energy Corporation (BTU) -NYSE Watchlist
26.51 Up 6.79(34.43%) 4:05PM EDT
After Hours : 26.60 Up 0.09 (0.34%) 5:28PM EDT....
Cliffs Natural Resources Inc. (CLF) -NYSE
3.51 Up 0.57(19.39%) 4:02PM EDT
Screw U baldhead....big mouth!
It will be $60/barrel easily....This is a game that big boys have been playing over and over again....they drive things to the bottom then load them up!
due to huge debt.....IMO
Coal seams in Wyoming are 100 ft thick...all surface mines....easy to get...plus
CLD has less debt...less OS....more cash.. and 3.4% profit margin....positive margin...compare
With other coal companies this year
Just started loading coal stocks....go
BTU CLD. ....
CLD provides 4% total of electricity in the U.S
Coal in Wyoming is all surface mining - Easy to get at low cost
Small O/S (61M shares only)
Cash Per Share ($1.6/share)
CLD BTU CLF CVX BHP RIO X.....,etc!