you believe coal is on its way back? Based on?? You do understand I am sure that this is primarily a met coal player, not thermal coal, and thus is relying on demand from steel mills, which in turn is demand from large construction projects? So....what data makes you think met coal is on its way back? Anything would be useful.
what stock are you referring to? Cannot be RNF. Just pulled up chart showing history of price....IPO at $20...went up fast to almost $50, then down just as fast to $15. Now it sits here at a few cents over the all time low. They almost completely wiped out the dividend along with the price reduction. You would be hard pressed to find a worse investment.
heck, your right there in farm country. Setup shop and they will send you all that gas....as new regs will require them to do something with it, rather than just flare it. Free feedstock and local buyers with almost no shipping costs. Possible? I am sure I am not the first to think of this.
might want to wait for a reply. Last year was fast, taking only 30 days. If its a repeat of last year, which I doubt, you better strap in....because they reduced it.
this stock now has a PE over 21 and pays essentially no dividend. They just admitted they are slime. And the stock goes up. Love it. Welcome to Wallstreet. God forbid they ever come out with good news. It will plummet if that ever happens.
happens every time the Fed speaks. Today Yellen spoke. Said basically will start raising interest rates in Mid 2015. This stock reacts negatively everytime....but then rebounds following week. Good time to buy more. Think I will this afternoon or Monday.
that's funny. Yep.....that has been my line as of late. Especially with this stock even though when I added up all my dividends.....did not do as bad as I thought. So....lets put our heads together and see what we can recommend on what not to do......hummmm... Actually, I do not see much out there to buy right now. Which then means all sectors will take off.
what a surprise you would agree with that assessment. Does not change supply demand picture for one of the raw materials for making steel. China housing slowdown, especially in area of construction is not good. Wlt needs just one thing to get back to triple digits.......a time machine. Go back and undo that stupid purchase of western coal for billions...which is not shut down and value at $336 million. Oops. Sorry investors, we just flushed $2 billion down the toilet. I wonder where those guys are from Western Coal? Maybe they will buy it back from Wlt for $300 million. Whaaahahahahaha.....wouldn't that be great??
Guys....sell your WLT stock. Now!
and in response the price is moving upwards....is that the insiders/lobbyists? Or is this just a guess by a few investors....MMs, ??? Meaningless small short term move? The latter is my guess. I do like the trend upwards though.
Last year they said they turned it around in 30 days. Anyway, we will see what happens in next month at earliest. Here is a cut and paste from article on what they did for 2014.
"Citing concerns that U.S. energy markets could not absorb the levels of biofuels called for by the law, the EPA lowered the 18.15 billion gallons (68.7 billion liters) of biofuels mandated for use in 2014 to 15.21 billion gallons."
They would if they could. But problem is they have no money. In fact, the only way they can meet debt payments and interest payments on debt is to refi the debt and push it out farther. A zero percent chance of them paying anymore dividend. If they had any money, they would buy back some shares. That would really shake out the shorts. But the shorts know they have no money, that is why they shorted wlt. The company has no defense. They are done. China moving to a retail economy next. That means less buying of resources like met coal for steel making. Such is life. Time to move on to another sector. Try real estate or house building. Maybe even banking.
spoke a day too soon mark. Interesting big move up...wouldn't you say? Nothing you guys have said can explain that. Maybe they were waiting for me to sell. Got out just a shade under $11. Now that I am out, this stock should rocket up into the $20s.
reverse that. Why would this stock go up? Give one reason after the news on bhp came out that this stock should go up? Maybe after Janet speaks up there in Jackson hole? No. Only higher met coal prices and lower interest rates on that debt. I see big dilution coming shortly myself.....as a guess.
never worked in the coal mines. Worked in corporate. Not unhealthy, not bitter. Just stating some facts. No biggie. You do not have to listen. Who knows, maybe the met coal market will take an about face for some reason. Maybe bhp will stop cranking out all that met coal and wlt will go back into the stratosphere again. If things turn around, I will be the first to invest here. That is why I am watching. There is no one left from when I worked there. I could care less. The big reality is they did buy at the peak. Now would be the time to buy assets, here at the bottom. Stock dropped from $145 to $5. That is why you are here with the other bottom feeders. That is why I am here. It could be a big winfall......but something has to change and change fast. So keep an eye on met coal prices and any new financing. That is all that matters. Not what is said here in cyber.
Sasol has the problem in that they do something. They produce fuels for all those activists. They are just too stupid to know any better. Yes Charlie....garbage, pure garbage. In fact, putting in the biggest GTL plant in Louisiana will do just the opposite. Natural gas is much better for producing jet fuel, diesel, and gasoline than using crude. Much better. So friends of the earth....you can shove reality right up your naïve useless hypocritical arss.
Oh yeah, lower and lower prices for its products does not help. It was the only thing holding it up. Selling right after the divvy was the best thing I did. If the fuel trend changes might come back and look, but moved on. REITs look a lot better right now....for high yield investments. Heck, the ethanol plays look better with margins temporarily through the roof. Pulled a triple on one of those. No divvys but who cares. Of course, come tax time I will be crying as it was a short term capital gain....which in my situation pushes it up to 39.6% plus state tax, etc... Oh well. The only really really good investment in the stock market in my life has been owning some Chevron stock since the early 80s when I worked for them. Never sold it. No capital gains tax. Never will sell it. They never ever missed a divvy payment. They only raise it, going back even farther. As far as I could find in fact. Trading is a suckers game with the tax code in this country. Time and money. Anyway, best of luck to you guys.
thanks for those kind words hoover. You are a gentlemen and a scholar. A fine human being and a wonderful person. Wish you all the best in your future endeavors Hope you guys took my advice and moved on.