I just asked if anyone considered it I never said that that was why SEB was down..I just wondered if this factored into anyone's opinion is all..geez read the post
I always get a kick out of these over and under valued statements..even the big brokerage houses do it..I have done it many times I think everyone has thought it..but the reality is that WLT is correctly valued at any given point of time..the reason this is true is because it is the combined hopes and fears.. knowledge or ignorance of every single person that owns..buys..sells or sells short WLT shares..you can bet if WLT closed @ 58.75 that is exactly what it is worth..and by the way I bought some today at 59.02
Got in @ 33.20 added to CLF and WLT also..but sold PCX had to free up some cash..was the first time I ever heard of Trefis thought someone might like to see it..didn't know there were strong feelings against them..think this was as rude as I have ever been treated on Yahoo or IHUB kind of hurt my feelings..but I guess that was the goal..
why you talk to me like..it's not spam and I have no connection to them..there is no reason to act like that..I just said it was interesting
Proven reserves by country..the United States is the Saudi Arabia of coal with proven reserves of of 27% that compares with Australia 8.6% and China 12.6..think it through this stock and all coal producers are worth the coal they own in the ground that's the reality of it..It's no different than oil stocks their real value is their reserves..if the weakness continues the consolidation will increase..in the end they will come for US coal producers because there will be no other choice..WLT and the rest are not like most other businesses that make a product that could become obsolete they have hard assets in the ground
You are 100% right..I have posted the same message more then once..it could be tomorrow or a few years from now who knows
Item 8.01 Other Events.
On July 21, 2010, the Dodd-Frank Wall Street and Consumer Protection Act (the “Dodd-Frank Act”) was enacted into federal law. Section 1503 of the Dodd-Frank Act requires a reporting company operating coal mines or with subsidiaries that operate coal mines to file a Current Report on Form 8-K upon receipt of written notice from the Mine Safety and Health Administration (“MSHA”) of an imminent danger order under Section 107(a) of the Federal Mine Safety and Health Act of 1977 (“Mine Act”).
On November 21, 2011, Jim Walter Resources, Inc., a subsidiary of Walter Energy, Inc., and the operator of the Company’s No. 4 Mine, received an imminent danger order (the “Order”) under section 107(a) of the Mine Act. The Order stated that an explosive mixture of methane and air had accumulated in the number 8 section at three crosscuts between pairs of permanent stoppings. The Order directed that number 8 section from crosscut 11 inby be withdrawn. The permanent stoppings that were installed reducing the ventilation were removed and normal ventilation was restored, eliminating the explosive mixture of methane. No injuries resulted from the condition described in the Order.
FRIDAY, NOVEMBER 18, 2011
U.S. Coal Exports are Surging and Wyoming Coal is Being Shipped to Asia
As my town of Boulder embarks upon an effort of municipalization of our electricity, which will involve many legal dollars in "negotiations" with Excel, I struggle with the concept because the nearby Wyoming coal which we want to stop using will go to Asia instead, as it is already doing, and burn in dirtier facilities than the ones we have. The goal, of course, of municipalization is to be energy stewards and use clean, renewable energy rather than burning coal to reduce greenhouse emissions.
Whenever I run into activists for municipalization, I ask them how they answer the question about the coal going to Asia if we don't use it, resulting in an even larger carbon footprint. One-hundred percent of the ones I've asked have been unaware of the issue, including an NCAR climate scientist friend.
No issues are simple when one considers all aspects. Here in this case, as usual, the only answer seems to be that we become smaller users or consumers of electricity while increasing energy efficiency if we want to make any real progress. So far here in the U.S., our electrical consumption continues upwards.
Six seaports account for 94% of U.S. coal exports, which are dominated by coking coal:
A recent report from the e.i.a. was noteworthy concerning our coal exports:
Over 68% of total U.S. coal exports in 2010 were coking coal, which is used in making iron and steel.
Steam coal, used to generate electricity, comprised the remaining 32% of exports.
Overall U.S. coal exports have been resurgent, reaching nearly 71 million tons in the first eight months of 2011—the highest level in decades—driven by high global demand and significant weather disruptions of Australian coal exports.
Coal exports from Seattle, Washington have also risen sharply in recent years as significant coal production in the Powder River Basin seeks access to growing Asian coal markets.
It sure has been weak lately..one good thing is they started buying shares again last quarter they repurchased 600..with lower prices they may step up the buys
5:31 (Dow Jones) Coal miners and steelmakers are taking a bigger hit than
other resource companies as optimism about Europe's debt deal and global growth
wanes. The underlying raw materials of coal and steel lack an active futures
market -- and didn't benefit like copper and crude from the optimism that
followed the Europe debt deal. Without the bump up, steel and coal have further
to fall. US Steel (X) falls 9% and AK Steel falls 9.2%. In coal, Alpha Natural
(ANR) falls 9.5% and Arch (ACI) falls 9.9%. (firstname.lastname@example.org)