Worrying about their debt load and share price can wait. Peabody is paying lawyers to fight over song lyrics.
And daddy won't you take me back to Muhlenberg County
"Down by the Green River where Paradise lay?
"Well, I'm sorry my son, but you're too late in asking
"Mister Peabody's coal train has hauled it away."
Peabody, which has been irritated by the song for decades, filed a lengthy brief asking for the offending verse to be stricken from the lawsuit, saying it was inflammatory and irrelevant.
CCTC is up .11 on volume of 587,119. That's a $60k increase in it's market cap. Not worth mentioning.
Such a cartel would be illegal and harmful to consumers. Cartels participate in collusion, price-fixing, and kick-back schemes.
The proposed debt swap is dead. Senior lenders are not interested in converting unsecured debt into new secured debt that impairs the value of their bonds. It is simply not in senior lenders interest to do so. The question now is can Arch fashion an acceptable compromise debt swap and what would it look like? It doesn't look like any new secured debt is acceptable to senior lenders.
'They don't want the company to go under either' It's possible some of the senior lenders are holding default insurance, credit default swaps, and are ok with a default.
If senior lenders are blocking the proposed swap, what would make them change their minds now?
'Arch is looking to compromise with lenders opposed to its proposed debt swap -- and thereby stave off the threat of bankruptcy -- shares shot up 633 percent in nine trading days. But Arch is having trouble completing the swap, with senior lenders still opposed. '
Chesapeake Energy Given Underperform Rating at Bank of America (CHK)
July 23rd, 2015
Bank of America reissued their underperform rating on shares of Chesapeake Energy (NYSE:CHK) in a research note released on Wednesday morning, Marketbeat reports. They currently have a $10.00 target price on the oil and gas exploration company’s stock.
Bank of America has also modified their ratings on a number of other energy stocks in the few days. The firm initiated coverage on shares of Green Plains Inc. They issued a buy rating on that stock and set a $22.00 price target.
Dakota Financial News
Fiorina laid off tens of thousands, drove HP stock into the ground, and was run out of HP after the disastrous merger with Compaq. Just think what she could do for the country.
Over the last 6 months, Hecla Mining Company NYSE:HL has seen 0 unique insider buys, and 1 insider selling transaction. The net result was for 1 transaction, worth $22,617.
'Why doesn't the exchange take a hint front China's exchange and ban shorting' Yes. Let's be just like the Chinese government and threaten to threaten people who take short positions with charges of treason and prison time. May freedom ring.
'Yes, I've been off on where the stock could bottom. Why? Cuz EWT PT are based on Fibonacci numbers and for example we typically expect 1.618 extensions, but could be longer and more extended due to the very strong sentiment (Bearish in this case) and not to mention there are several wave counts possible and PT vary...'
In other words it has no value predicting stock price movements and is therefore useless to traders.
Can we expect an update on the performance of your 'global cooling portfolio' before the next mass extinction event?
'However, with JPMorgan’s commodity view cautious on gas into the year end, we are uncomfortable with the Overweight rating on Peabody. '
What's the procedure? Wait until the stock flirts with $1 and then go from 'overweight' to 'neutral'?
You know what else would be arrogant. Starting a message response with the salutation "Hey Genius".
'the beauty of the wave principle that more than one interpretation is possible"
That's what makes it a waste of time for traders.
Why did you decide to start counting waves in December of 2011? Seems arbitrary, but that's Elliot Waves for you.
I see the call you made on 5/14, buying Dec $5.50 calls hasn't dampened your enthusiasm for making more reversal calls.
'Went long on Dec-5.50 calls
I see a lot of Bullish divergences on the chart and this will jump to 5.50-6.00 once 4.80 is broken... Risk reward is very favorable down here.'
Cheap natural gas available due to fracking technology and bad bets by coal company's managment are to blame for the woes of domestic coal companies.
'Power plants across the country generated more electricity from natural gas than from coal in April 2015, the first time ever that a fuel other than coal was the top monthly source of power in the United States, according to the U.S. Energy Information Administration. '