NAT GAS is dead at this price. Just hold your nose markp1950 and buy some BTU, it will make you money!!!! If I'm right you eat crow and I will send you coal pie! If you are right I will eat crow... Only time will tell
Coal has regained the top source for US power generation taking it back from Nat gas only a month after it lost the top spot.
That is the opportunity my friends... Right now it is a bet on survival. If Arch can survive and be somewhat stable again (cash flow positive) it is a 15-20 bagger from here. If they can thrive again it is a 50-100 bagger from here, to me that is worth the risk of losing 100%. Stay patient my friends...
People calling for the demise of coal because of cheap nat gas are failing to realize that nat gas at the current price is the demise of nat gas. Nat gas companies are NOT profitable at the current spot price...
Traderjb07, If you are doing 100% a year on your portfolio year after year, then you should write a book or start a hedge fund and you will have people beating down your door.
And that is what makes markets... you may be right, but I have 100% downside with 1000% upside. That is worth a speculation in my opinion, just like CCK back in early 2000, Pier 1 in 2009, XM radio in 2009, GLW in 2003, LVS in 2009, Ford in 2003 and I could go on and on of companies that were priced for BK, that rose from the ashes to thrive once again..
If a coal company were severely bankrupt (as you say) how do they keep on producing coal? are there workers and suppliers working for free and giving their supplies away?
Solar is a hoax... they wanted 30,000 to install solar at my home. it would take me 30years to get me money back! and by that time I probably need new solar panels HOAX!!!!!
I bought more today... I'm holding until $5 or 0 whatever comes first and I'm ok with that. LOLOLOL!! we will see who is laughing in two years.. Cheers!
Either things got worse really quick or they aren't going bk and everyone is just soooo negative. Things are so negative, it makes me positive.... All of this coal is dead talk is total BS even though coal consumption is slowing worldwide, it still GREW yoy! Will all of the coal companies make it through is another story, but coal is not dead. At .30-.40 cents i'm looking at 100% downside and 3,0000% + upside I'll take that chance on a 50/50 bet. ANR already did a debt deal and they told nobody about it until they did it, they reduced their debt by several hundred million and reduced interest payment by 20+ million a year. Buy ANR ACI and BTU, if only one of them make it through you will make a lot of money...
come on guys, don't get your panties in a bunch. It was rebalancing of the indexes... If 15,000,000 shares were dumped at the close, don't you think it would have moved the needle? It was a pre-arranged forced sale do to ANR being removed from indexes. Just remember, someone bought those shares... we will find out in a few months who purchased them.
Coal consumption is UP world wide vs last year, who cares if china is using less if the world is using more? You do not know that coal consumption is at a peak, you are begging the question, that is what you have to prove, not state. Even if it is at a peak, as long as the supply demand is in better balance coal prices will improve. Supply is being taken off the market is a good thing and is a start to put coal on the road to recovery.
it is about market cap. even at a 1 for 20 reverse split, the market cap remains the same. a move from $8 to $40 is the same as .4 to $2 it makes no difference to me, it all spends the same.