i thought we hit bottom the other day when oil went down a $1 and btu went up $.20 with the market. It should have gone done $.50. Today we're back on track with wti down $1.5 to $2 and btu should be at $1.00 down by close. Ahhh all's right with the world, btu only goes down never up. i feel much better.
until a margin of safety is reached - generally around 50% of BV or $10 or less. imho of course.
in the EPA redo of carbon emissions. Like radio active hazardous waste, coal ash hazardous waste would cost coal burning electric utilities 10's of billions of dollars to transport and dispose of. This was part of a 60 Minutes report on Duke Energies 100 million tons of coal ash in 14 coal waste ponds polluting drinking water, river and streams in N. Carolina. This will most definitely speed up the conversion of coal to gas in electric utilities. Another nail in coals coffin.
btu is an anti-shareholder company with very little inside ownership. mgt is just collecting there salary and *uc the future, what little there is of it.
the Norwegian Analyst uncovering this SDRL project has a $7 price target on SDRL
agree i'm taking this btu #$%$ to my grave and than i'm going to leave it in my will and put in a condition they can't sell it until it hits $500 a share and if it doesn't they have to pass it on to there kids etc etc. let them deal with it. don't get mad and give up get even and than some. if it goes bk tough #$%$.
this company gave up on valuing its shareholders a long time ago. when btu goes under the mgt here has set aside enough cash for themselves to survive. they've done this by continuing to mouth trite #$%$ to keep those owning its shares involved with this LOSER !
i'll justify the purchases by convincing myself they can use them for school.
thats how wall street makes its money. they rig the markets to sell high and buy low. don't hold any winning stock too long say 10-15% because wall street are a bunch of greedy pigs who have to make 50-100% on there holdings
hard to believe if you go back and look at what mgt said about maintaining the divvy. a clear violation of sec rules. where's the sec?
yeah done this myself many times fortunately not with sdrl - we only see and hear what we want to. one of the pitfalls of investing
for every $2 oil drops BTU drops $1 in PPS. $60 oil from here equals $7. $50 oil equals $2 BTU stock price. don't over think this just check the oil vs BTU price comparisons.
how can longs here think for a second that with on land drilling shutting down that off shore drilling won't. incredible.
contracts will be renegotiated. don't believe for a second these are iron clad take or pay. lawyers leave future wiggle room in these contracts sdrl is so fond of pumping in its conference calls. contracts are for lawyers
as long as there's a federal government with spineless politicians the stock market will continue its climb on borrowed trillions. DON"T FOOL YOURSELF THERE IS NO END TO THE FED QUANTITATIVE EASING
agree, bankrolling todays mediocre economy on trillions of borrowed money. what will the government do when there's a real depression? have us all commit suicide?