bottom? who knows?
ever since w.va. voted in g.w. bush, with there 4 electoral votes and killing off gore, the Dems were out for "get back" on the coal industry. its all politics. the Repubs have an excellent chance of defeating Hilary and reversing the EPA, Sec of Interior, etc. etc.
agree. btu stock is a leap (2-3 years) call option at this point. either you believe that political beliefs will swing from left to right and balance out the last 8 years or you don't. i believe they will.
take the bait bottom fishers
maintained there goal weight. When asked about this, the former CEO of wtw said, and I quote " Hey, that's what keeps us in business." end quote. Really? Keeps you in business? Hows that kind of management thinking working out for you guys these days?
a good resource for for shale well costs is the most recent vnr qtr cc. they said a standard ng well runs around $3m in costs where a shale well costs $7m. shale also depletes 50% the first year and increase's the depletion rate in the 2nd and 3rd year., oddly enough vnr is going all in on ng by selling its oil holdings.
perhaps the Repubs, and if especially if the Repubs win the White House, will roll out Federal Subsidies to the utilities to implement this system. Hey, why not? Subsidies seem to work, for now anyway, for the solar guys. Besides, according to this report very little modifications/costs will be needed to implement this type of carbon capture versus the pilot plants running todays expensive carbon capture.
look at clf write down as a guide. clf's book value, after a massive write down of assets, is now -$14. see yahoo clf finance statistics for support documentation. not saying clf is chk but it does effect BV.
fair enough. commodities at times are an extremely tough market to make any sense of since it goes way beyond strictly supply and demand curves. Commodities are the most emotional charged trades in the markets.
you should have held out for aci and wlt to go bk. they will still be selling coal (maybe) if someone backs them with liquidity, which is very iffy. btu will get a nice bounce on those two bk news and the btu short squeeze.. btu will be the biggest last man standing to supply the 33% of U.S. electrical (lesser coke) needs
figures. also, look at Cramers TheStreet (TST) stock price - $1.99 or - $3.83 less than BTU. BTU is doing much better than Cramer
TheStreet Ratings team rates LUMBER LIQUIDATORS HLDGS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate LUMBER LIQUIDATORS HLDGS INC (LL) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity."
They must not get 60 Minutes where there located.
"Analysts at Axiom Securities downgraded the international mining company to "sell" from "hold" earlier today.
The firm also cut its price target to $2 from $9, saying it expects a near-term collapse in iron prices.
Axiom analysts also cited currency devaluations versus the dollar, which means a lower cost curve for Cliffs' competing companies. "
agree. even nat gas is only a short term utility fix for burning coal since those fracked gas & oil wells lose about 50% of production in there first year and the other 50% in the next 6 months. not to even mention the saudi's and opec running the fracking costs up way beyond break even. obama and the news media has really hyped fracking as the savior.
ha trying storing your solar and wind energy in those cell phone batteries musk uses for his cars. this is going to be fun watching the whole "clean" energy industry collapse and your retail greed get guillotined