If it is not true, why there is nothing from ANR manage to refute this rumors which has been going on for week already?
They are waiting for the final word to accept the reality!!!!!!!!!!!!! Game will be over very soon!!!!!!!!!
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Within the Highway Trust Fund legislation passed by both Houses of the U.S. Congress this week and expected to be signed by President Obama, is a provision to equalize the federal tax on liquefied natural gas (LNG) to an energy-equivalent basis with diesel and gasoline. The result will lower the tax on LNG by 14.1 cents per gallon. Twenty-six State Legislatures have already taken similar action.
The following statement is attributed to Andrew J. Littlefair, president and CEO of Clean Energy Fuels Corp. (CLNE):
“The use of LNG as a transportation fuel continues to grow in heavy-duty trucks, locomotives and large ships because it burns cleaner and the price is reliably lower due to the fact that it originates from North America. Anyone who cares about a cleaner environment and energy independence should be very grateful for what the U.S. Congress did this week by making LNG that much more competitive as a transportation fuel of choice.”
Natural gas fuel costs up to $1.00 less than gasoline or diesel, depending on local market conditions, and also reduces greenhouse gas emissions up to 30% in light-duty vehicles and 23% in medium to heavy-duty vehicles. In addition, nearly all natural gas consumed in North America is produced domestically.
They will emerge from BK as NG company with new shares. Current shareholders will be wiped out if ANR officially file BK as the Bloomberg News reported.
Why Alpha Natural May Be Planning to File for Bankruptcy
Alpha Natural Resources is planning to file for bankruptcy protection as soon as Monday in Virginia as the biggest miner of U.S. metallurgical coal struggles amid the worst commodities slump in more than a decade, according to three people with direct knowledge of the matter. Bloomberg's Alix Steel reports on "Bloomberg Markets." (Source: Bloomberg)
=== There is a link to a video discussion on Alpha possible BK on Yahoo under ANR. It won't let me post the link.
Too much cheap NG available for coal to survive. Coal is dead in USA!!!!!!!!!
He must have pixxed off some Hedge Funds during CC and today they are shorting the hexxlll out of CLF. LOL
The GOP are the laughing stocks right now!!!!!!! Just a bunch of crying babies and get nothing done.
I agreed with Ben. If ACI can't pull this with creditors, it could be the end of ACI.
Yep the News does not look good. Looks like the term loan lenders don't like the exchange and this could force ACI into BK.
Coal is dead in USA!!!!!!!!!!! Cheap NG and Solar will power USA future!!!!!!!!!!!
As of Jun 30, 2015, Peabody had $487.1 million in cash and $395.6 million in inventories compared with $298.0 million in cash and $406.5 million in inventories as of Dec 31, 2014.
Long-term debt as of Jun 30, 2015, was $6.29 billion, up from $5.96 billion as of Dec 31, 2014.
sure - that's why ANRZ is down another 12% today while BTU up 15%!!!!!!! LOL
Too late...damage already done...game over soon!!!!!!!!!!! LOL