sec, not a bad job. get paid a mexican like bribe from wall street to watch porn all day. when a madoff comes along and someone warns you, just tell everybody you didn't receive your mail.
the EIA has categorically stated that if all coal burning plants in the U.S. were closed down immediately the impact on WORLD WIDE atmospheric carbon would be less than 1%. coal is a political football in the U.S.
that's being kicked around. look it up eia dot gov
not some pie in the sky fantasy that "lotee da everything will be fine in 1 year, 2 years etc.etc." history is prologue.
yeah $5 is very realistic after the 6% excise tax on china imported thermal and 3% met. this impacts btu almost exclusively in the coal sector.
neg p/b after write off. there isn't enough time for operations to recover, given io prices improve, to boost the stock price significantly. bk is not without reason here.
activists are needed immediately to turn this ship around !
Yahoo Headlines: Will Peabody Energy's (BTU) Loss be Wider than Expected?Zacks(Fri 12:20PM EDT)
just a friendly warning. i see btu falling to $9 on Monday.
who have now dispersed ebola throughout the United States CDC says ebola can't spread and everything is OK - NOT TRUE!
agree, $5 is really way to low for BTU. I now believe $10 is firm support as has been shown when it bounced hard off $10. i had buy day orders in, AON, that didn't execute at $10. there obviously was a large number of limit $10 ahead of my limit.
Imperial Capital’s Matthew Farwell from taking a sour view of Peabody Energy in a note today (10/15/14):
"We are assigning an Underperform Rating to the common stock and establishing a one-year price target of $5.00."
for saudi's it's all about taking out the highly leveraged frackers and e&p's by making oil/gas prices below cost of production. this will put a floor in below $85 for wti and $3.50 for ng not a bad thing for coal. saudi's cost of production are really next to nothing in the oil game its like sticking a straw in sand.
sorry about your loss. i agree coal is finished but first it has to get "right sized".coal will take some time to die mainly because of the investments utilities have now in burning coal. switching to NG isn't practical unless you have gas running by your power plant. many coal fired plants are located in rural areas.its anybodies guess at this point how many coal miners will survive to service those dwindling numbers of power plants.
agree, stock futures are down over 170 for Monday a.m. main reason is the huge down draft we had on Friday close minus 130 into the close on very high volumn. this is very bad news for Monday a.m. open. I see BTU opening Monday around $8.90 tomorrow.
plain to see who will be annihilating coal:
According to the U.S. Energy Information Administration, about 60,000 megawatts of coal-based generation will be closed by 2020, 90 percent of which will happen by 2016.
Altogether, the energy agency says that 1,308 coal plants had existed in the United States in 2012, when 10,200 megawatts were retired — 3.2 percent of the total. Those closures involved smaller and less efficient plants, although over the next decade, it expects larger ones to also shut down. Bottom line: Coal’s share of the domestic market has fallen from 50 percent in 2007 to 40 percent now.
U.S.-generated carbon releases are trending downward as a result. But at least one climate scientist who attributes global warming to man-made emissions says that scientists should not be making policy decisions — especially when the lives and livelihoods of thousands are at stake.
“Politicians have to consider the greatest good, both for their constituents and their local economies,” says Richard Muller, scientific director of Berkeley Earth and a physics professor at the University of California at Berkeley, in an interview. “These are very legitimate issues.”
still has about $3 to go before its right for the io market