Not appropriate for CEO of Exxon to be taking photo ops with his good buddy Putin while the free world imposes sanctions against the mad man who threatens nuclear response against the United States.
Coal is a dying industry for very good reason, the list of toxic by-products of burning the commodity reads like a Stephen King novel...Acid mine drainage, sulfur dioxide, nitrogen oxide, methane, mercury, polluting coal ash deposits, heavy metals and deadly particulates, all responsible for the poisoning of our air and water, threatening the future of our children, the health of our citizens.
The burning of coal is the number one contributor to man-made global warming, costing the world economy endless $billions. Bottom-line, the American people have had enough and will not allow the Republican Party to continue to protect this industry no matter how much dirty coal donates to the GOP campaign coffers.
With this reality in mind it would be best to divest your money from the likes of Peabody Energy. The downward spiral for coal is clearly in place and nothing will change it's present course in the future.
This pathetic jerk has lost any semblance of sanity, spends his miserable life incessantly posting his hate of our President on a Yahoo finance message board.
We have quite a few BTU fanatics who are buying into the premise simply because a stock breaches new 52 week lows daily it is somehow a good buy. One has to keep in mind although BTU has fallen precipitously it remains well above the levels of the period between 2000 and 2004 when BTU languished near $6 a share. So it is certainly not out of the realm of possibilities for BTU to be cut in half even at these levels.
I realize many have suffered tremendous losses but it is foolish to double down or accumulate a stock showing no signs of bottoming. In many regards coal is a dying industry, the public no longer wanting to deal with the many deadly by-products of burning the commodity, such as nitrous oxide, mercury, carbon, poisonous particulates, polluting coal ash deposits, especially when there are cleaner alternatives.
China's economy is not only slowing but they too are seeking alternatives to coal to battle their severe pollution problems. So I expect imports of coal to continue to fall in the coming years putting even more pressure on BTU. Remember China has it's own large coal deposits.
I expect more devastating downgrades and lowering of price targets in the coming months as the above mentioned trends continue. The best strategy is to cut your losses not add to your position.
The Middle East and Russia are becoming less reliable sources of oil each day, shale drilling, fracking, tar sands costs continue to rise. The majors must be rethinking their strategy of maintaining their future output in this quickly changing political landscape, rising cost environment. An obvious source for achieving their output goals is tapping into the large reserves offshore. I believe the turn in rig day rates will occur much quicker than most believe in this environment as majors budget more of their funds to more stable, reliable offshore projects in the coming years. NE possesses one of the most prized deepwater fleets in the industry and is presently trading well below book value.
Yet NE Better Positioned, Newer Rigs, Stronger Cash Flow, No Need To Access Debt Market Next Year, Dividend Secure. One would think DO and RIG would be lagging NE?
Strange Grizzly, on Sept 11 you stated you bought at $14.31? It appears you take plenty of long positions, all losers.
Common BTU Cheerleaders Comments..."Glad I Bought More!" "Can Only Go UP From Here!" "What Idiot Sold?" "In Your Face Goldman!" "We Will See Who Gets The Last Laugh!". Truly Delusional, Approaching Insanity. Markets At All Times High And BTU Has Been Absolutely Destroyed With Little Hope Of Changing Direction And Yet The Mindless Shouts Of Encouragement Continue.
I understand completely, your endless losses are only on paper and your thesis BTU has nowhere to go but up remains intact. Apparently Goldman is babbling about a new forecast that met coal could fall to $120 a metric ton by the fourth quarter and thermal coal could tank also. Avoid companies such as BTU that possess weak balance sheets they proclaim, but I am quite sure your thorough examination of BTU's financial statement prove that to be a falsehood. It is so reassuring to have a CPA such as yourself on this message board, although it is quite odd in a previous post you stated you need to talk to your accountant? Anyways, the search is still on for the idiots who sold BTU $13.80. Keep chuckling all the way to the bank!
Mr. Sphincter989 we are presently searching for the idiots who sold yesterday at $13.80, apparently they did not receive your memo BTU has nowhere to go but up. We will keep you informed of our progress. In the meantime keep laughing and enjoy your gains.
Rather curious Sphincter989 claims to be a CPA but if you review his previous posts he states he will be calling his accountant. It begs the question why would a CPA have an accountant? It is well documented Sphincter a fool but a liar too?
Actually I am quite convinced Sphincter989 has earned the title of Certified Public (A)Derriere evidenced by his endless bonehead comments and of course that adolescent laugh. As you stated, truly remarkable someone who has been so painfully wrong for such a long length of time is so cavalier, clueless to his severe mental shortcomings.
Keep pouring through the financial statements, your analytical abilities, critical thinking skills are truly astounding! What is your price target for BTU in the next 12 months? Thanks in advance.
DO and RIG down 1.7%...NE down 3.17%. Makes zero sense. NE much better positioned, newer rigs, et cetera than RIG and DO yet NE down nearly twice as much. Small float will eventually work in NE's favor but today it is certainly working against the longs.
Just look at all the low-lives involved with Sears....Prepare for bankruptcy and plenty of lawsuits soon.
Yes rig rates are presently falling but this is only a temporary phenomenon and will most likely reverse course in the next 12 to 16 months as the demand for oil continues it's upward trajectory as our largest populations such as China and India grow their middle classes and they fulfill their dream of owning an automobile. Deep water remains the source of our most plentiful bounties of crude and will play a major role in the coming decades to meeting our growing energy needs. Noble Corp possesses a modern fleet that will take full advantage of this reality in the future. Cash flow will increase dramatically in 2015 as new rigs come online and will secure the handsome dividend now closing in 6%. But the real play at the present price are capital gains which will surly come to fruition when the cycle turns and older rigs are mothballed. In many ways the current downward price in rates is a blessing as the expenditures for new rigs comes to a standstill which will lead to a dearth of deep water rigs available when the tide eventually turns pushing day rates much, much higher. NE trading at $25.45 is a goldmine for anyone with a forward thinking mindset which should be the mindset of anyone who comprehends what investing is all about. Too bad so many so-called myopic analysts don't get it and refuse to recognize the future only living in the present.
Coal is dead! America will no longer support an industry that poisons our children's future!