Nuclear energy already IS a big part of US energy doofus. Unless you don't think 20% of overall US electrical power generation is significant?
I dont remember mentioning "cycle options expiry". What I do know is there is an open interest of 1372 3.00 puts expiring today that are now in the money, and with zero volume days like today it is easy to move things around via HFT and matched trades.
As for the other rocket scientist who thinks the market is not a casino, well, you know what they say about opinions and body orifices
Is today not an options expiration day? What better way to make some money than to cover some shares sold short, running the price up a little, while at the same time buying some puts - to cash in a few days later. The market remains a casino as always.....
for layoffs and more downsizing below to restore profitability
Oh, I think it IS an austerity measure, which is appropriate IN LIGHT OF lower prices which show no signs of an imminent rebound. BTU is positioned to ride out a few years of low coal prices, and can even make money in that environment so long as they can refinance their debt when the time comes (2018).
I continue to think the company will survive, and am actually feeling better about holding the stock given the continuous bashing from Barrons and other hedgie mouth pieces.
Of course, I would be singing a different tune if I had started buying in 7's or higher.
When the elitists do the jetsetting and burn jet fuel, it is "an investment in infrastructure" - if you had been paying attention those words are progtard code for "we need to spend money to force to change behavior and use less efficient/convenient ways to generate electricity and/or get to work.""
Perhaps it is all part of the master plan to drive the cost of energy up at a time when manufacturing and travel (i.e., demand for energy) is low enough to mask the true economic and social impact of their approch?
People die everyday for reasons other than coal, and your "analysis" is ridiculous. Weather happens. Always has, always will. The whole climate change canard is about politics and serving the interests of cronies. The technology exists for burning coal cleanly. CO2 itself is food for plants. If you don't like it, hold your breath.
It is quite obvious to me - everyone is closing their WLT short and piling into shorting BTU now. Should become hard to borrow at this rate.
If mgmt. were bright, they would issue shares and pay off their debt or at least bring it to a reasonable level - had they done this a year ago, you would not see this kind of share price. It may very well be that they are shopping a PIPE around - that usually gets the short sellers salivating. It may be too late for ACI and WLT, but BTU could probably still pull it off. Not saying I like the idea as a shareholder, but if they offered the existing shareholders an opportunity to participate, the idea has more appeal to me. In general, a PIPE means a huge haircut to the existing shareholders. On the other hand, it beats having your shares go down to zero.
the day trading wieners who thought the last drop was their chance of a life time to score massive swing trade profits. When Napier dumped all their shares, it send the price into the cellar and that usually sets the stage for the second string with their weak hands to come in and catch the falling knives. I think this last dust up is that wave of weaklings getting out. Now we just need to listen to the retail shorts who, eventually will cover and push the price back up to whatever the equilibrium price is.
My guess is somewhere around 5.20 or so, but may take awhile.
No doubt the growth will be coming from Asia, where the global warmists are not exactly in positions of authority. BTU is well positioned in Australia (having taken too much debt on to acquire that status) , but I would sleep better if a few of its US competitors would get busy declaring bankruptcy and taking supply off the market
Well, I think one difference is an institution with a huge position bailing out and the market makers need to clean up the mess as gracefully as they can (right now I'd say it has been as graceful as a brick dropped off the Empire State building). Anyway, the first stage after a big dump is for a bunch of whiny traders to come in and speculate on a short term rebound. Now that it is not going their way, they will sell when their stops are hit (as they have been). When that is mopped up, and only after it, the stage will be set for a rebound (if supported by fundamentals). I had bargained for dead money but I admit I did not see such a dramatic fall over the past few months.
And kiss that investment goodbye. It would be quicker to put the cash in a pile of 100 dollar bills (would not be that many thankfully) and set it on fire.
The point about A/C and trees is sort of a self defeating argument so far as the summer is concerned since the A/C is the big driver of increased electrical demand. That being said, NG is better used to heat homes and move cars around in my humble opinion. The weight of batteries makes electric cars a stupid idea - there is a reason why electric cars were declared impractical and abandoned in the 1920s.
Of course, with Obamanomics, where everyone stays in their government housing and uses an EBT card for food, and transportation fuels are priced so high that everyone else is forced back into the cities, then only a fraction of the populace would need or want long distance, on demand transportation. Anyway you slice it, coal companies won't be the only losers in the 21st century.
Well, considering BTU is probably the short half of a lot of pair trades, and/or short margin is enabled by gains elsewhere, the inverse relationship between the market indices and BTU is no surprise at all.