rush, its happening just like i said yesterday
you do realize the timing and reason for the options. This is a tactic of hedge funds to cover . they will suppress the stock and keep it in range while they cover. with 62% short interest its very volatile and any spark could kill these shorts
wlt heading higher today, more news out on europe front for WLT, in collaboration with TATA STEEL
could be , but google this: Walter Energy: Turning Around or Falling Down?
Walter Energy announced in May 2014 that the company reached an agreement in principle with the Alabama State Port Authority to sell both the Blue Creek Terminal and an additional parcel of more than 60 acres located less than a mile from the Blue Creek Terminal. The total price the Port Authority would pay for the properties would be $250million, which would relieve, more or less, the company from its high debts. - See more at:
all new short additions were below 4.6 and now they are getting squeezed, about to cause a ripple effect
Sentiment: Strong Buy
also note within the 15 days of short increase, stock has been going up, so new shorts have basically been destroyed and that will trigger the squeeze
cant wait for the trigger to start the rally, squeeze will be so brutal
As a coking coal crunch in India may lead to annual imports of 180 million tonnes by 2033, acquisition of assets abroad becomes "imperative" for public and private steel companies, according to a Steel Ministry report.
In case of coking coal, import dependence will rise significantly despite the best results from the domestic industry as its capacity to supply coking coal is not likely to increase beyond 20-25 MT, the report said.
"This means, the industry will have to import about 180 MT coking coal annually by 2032-33 in the 7 per cent GDP growth scenario and much more if the GDP growth rate is higher," it said.
"Due to limited availability of quality coking coal assets in the country and the oligopolistic control over global coking coal market by a few companies, acquisition of suitable coking coal assets abroad becomes imperative for the domestic steel industry."
Imports of dry fuel, including coking coal, increased 17.9 per cent to 171 MT in 2013-14, from 145 MT a year ago amid widening demand-supply gap in the country.
As per the 12th Plan documents, coal demand-supply gap is estimated to further rise to 185 MT in 2016-17.
About 24 per cent of coking coal is mostly imported from Australia and is used in steel production.
"Though a number of companies from the private sector as well as the public sector (including ICVL, a JV of public sector companies, viz. SAIL, RINL, NMDC and CIL) are in process of identifying and acquiring coking coal assets abroad, the efforts need to be more focused and required to be supported by the government through diplomatic dialogues," the report said.
The government may also consider holding diplomatic discussions with coal-rich countries to sign MoUs to get rights to assets which they can then offer to the Indian private and public sector companies on a PPP (public private partnership) model, it added.
It stressed that these mines can then be developed to export coal back to India on long-term basis.
"In any greenfield i
pretty obvious which is a better buy at these levels
did you ask why the stock went down so much for no reason? this is not even close to where it should be.
google : Top Five Bloomberg BNA Energy and Climate Report Stories for the Week Ending June 6
1. Coal to Survive Obama Administration's War as Efficient Plants Boost Demand
As covered in this story, Obama's plan to reduce carbon dioxide emissions from power plants by 30 percent by 2030 from 2005 levels is expected to stifle demand for coal, but it isn't expected to be a fatal blow to the source of energy.
Coal still will be used to generate 30 percent of U.S. electricity by 2030 compared with 39 percent in 2013, according to the EPA.
“There's no change to coal burn for at least the next six or seven years, and that's not talking about legislation or any litigation that will come from this," Jeremy Sussman, an analyst at Clarkson Capital Markets in New York, said.
Even before the proposal, utilities were planning to shut enough coal-fired generation in the next six years to supply a city five times the size of New York to comply with existing environmental laws
2. EPA Proposal Seeks 30 Percent Reduction in Carbon Dioxide From Power Plants by 2030
This story details Obama's plan to cut carbon emissions from existing power plants, which would require each state to achieve its own specific carbon dioxide emissions rate under Section 111(d) of the Clean Air Act.
The agency is proposing interim emissions rate targets to be met between 2020 and 2029 before its final goal of a 30 percent reduction from 2005 levels would apply beginning in 2030.
Obama ordered the EPA to propose the carbon dioxide standards for existing plants as part of his climate action plan. It follows a similar proposed rule in January that would set the first carbon dioxide new source performance standards for new fossil fuel-fired power plants.
3. EPA Power Plant Proposal Poses Little Risk of Stranded Assets in Coal Sector, CPI Says
which sellers, sellers are done, 60% short interest. all that remains are shorts and poteninal buys and longs
58% short, more shorts than longs. there is no selling going on, its a bear attack gone extreme. Extremely naked shorted just like anr, aci....
expect a 60% gain anytime soon