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Alcatel-Lucent Message Board

romangerasch 38 posts  |  Last Activity: Jul 22, 2015 9:39 AM Member since: Mar 30, 2009
  • Yahoo dont allow to post Links. Please google: elfbonding-factsheet.pdf underminedpromise

    Sounds good that ANR will reach an Agreement to get Self Bonding Permission .....

  • romangerasch romangerasch Jul 21, 2015 9:15 AM Flag

    Do you get it? I know ANR will file for BK ,but again, i can`t understand why? They have so much other Options to stay in Business for at least 2 Years and waiting for a Coal Price Recovery!

    Just 3 Ideas:

    - Sell and lease back Export Terminals (Could be worth 300M-500M)
    - Sell NatGas Assets (Could be worth 400M-600M)
    - Idle and Sell some Mines (They could get 100M)

    So they could easily generate nearly 1B in Assets Sale! Adding nearly 1B in Cash they have... Why BK?

    Sure, their Assets are related to Debt Holders... But this would be also Debt Holders best Choice....

  • Alpha Natural Resources: The company’s expansive export facility
    July 21, 2015

    SunCoke Energy Partners LP will expand into handling coal exports with the $412 million acquisition of Convent Marine Terminal, one of the Gulf Coast’s largest export facilities.

    Ohio-based SunCoke makes the coke steelmakers use in their blast furnaces. The company also stores and ships coal from its terminal in the Ohio River Valley Basin.

    Convent Marine Terminal can transload 10 million tons of coal a year. Transloading is moving the coal from one mode of transportation to another, such as from barges to ships. The terminal handles coal from Illinois coal producers, and almost all of the facility’s capacity is taken up by long-term contracts. A recent $100 million revamp has improved efficiency at the terminal, and SunCoke said an additional $20 million project will boost capacity to 15 million tons per year.

    The deal with Raven Energy Holdings LLC, an affiliate of The Cline Group, is expected to close by Sept. 1.

    ANR Assets:

    As one of the largest coal producers in the world, Alpha (ANR) has an extensive coal export facility that allows it to cater to global coal needs. The company’s export facility is able to ship out more coal than any other coal producer in the U.S. To date, it’s able to ship coal in the range of 25 to 30 million tons annually through these ports. Its shipping ports are located both in the East Coast and Gulf Coast where it controls a significant portion of various companies. Its acquisition of Massey Energy gave it access to Pier IX terminal in Virginia. Plus, Alpha owns 41% of Dominion Terminal Associates in Virginia and is also the largest shipper in the Norfolk Southern’s Lamberts Point Terminal.

  • romangerasch romangerasch Jul 20, 2015 9:51 AM Flag

    Barron`s July 20, 2015, 9:45 A.M. ET
    .
    Alpha Natural Resources: Now It Gets Downgraded?!?!

    This year hasn’t been kind to Alpha Natural Resources (ANRZ). The beaten down coal miner has lost more than 85% of its value this year and now trades at 10 cents a share. You’ll also notice a new ticker next to its name, with ANR a thing of the past now that Alpha’s shares have been given the boot by the New York Stock Exchange.
    Against that backdrop, Sterne Agee CRT’s Michael Dudas and Satyadeep Jain decided today was the day to cut Alpha’s rating to Neutral from Buy. They explain why:

    We are reducing our rating on Alpha Natural Resources to Neutral from Buy and subsequently suspending our equity research coverage on the company. Our 2015 and 2016 EPS estimates at the time of suspension are ($2.45) and ($2.00), respectively.

    On Thursday, July 16th, the New York Stock Exchange indicated that it will begin de-listing proceedings. Also, recent published news reports have indicated that Alpha has entered into discussions with various parties regarding the potential of a chapter 11 bankruptcy filing. Current and expected pricing for the company’s metallurgical and thermal coal shipments have been pressured by current oversupply of coal, which has generated a deterioration of its fundamentals.

    While the company indicated total liquidity of $1.8 billion as of March 31 and continues to explore options for capital structure improvement, we believe investor focus will shift toward distressed credit and legal news flow

  • July 20, 2015
    Alpha Natural downgraded to Neutral from Buy at Sterne Agee CRT

    Great Analyst Note. After ANR falling near Zero....

  • Reply to

    anrz new ticker

    by mindukas30 Jul 17, 2015 9:18 AM
    romangerasch romangerasch Jul 17, 2015 9:27 AM Flag

    Real-Time Best Bid & Ask
    0.09 / 0.125

  • Reply to

    NYSE and ICE suspend Trading in ANR

    by dhwalker203 Jul 16, 2015 10:25 AM
    romangerasch romangerasch Jul 16, 2015 10:29 AM Flag

    NYSE to Suspend Trading in Alpha Natural Resources (ANR), Commence Delisting Proceedings

    The New York Stock Exchange announced today that the staff of NYSE Regulation, Inc. has determined to commence proceedings to delist the common stock of Alpha Natural Resources, Inc. (NYSE: ANR) — ticker symbol ANR – from the NYSE. Trading in the Company’s common stock will be suspended immediately.

    NYSE Regulation carefully considered price indications and whether “abnormally low” price levels were evident at the opening of trading on July 16, 2015. After due consideration, NYSE Regulation has now determined that the Company is no longer suitable for listing based on “abnormally low” price indications, pursuant to Section 802.01D of the Listed Company Manual.

    The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. The NYSE will apply to the Securities and Exchange Commission to delist the common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

  • By Ben Levisohn
    Last night, the Wall Street Journal reported that Alpha Natural Resources (ANR) had begun the process of obtaining bankruptcy financing. Alpha’s shares closed at 24 cents yesterday, so the news shouldn’t come as much of a surprise. Nor should it be a surprise that Arch Coal (ACI) is also trading down, though Peabody Energy (BTU) and Cloud Peak Energy (CLD) are trying to stay positive on the day. Cowen’s Anthony Rizzuto and team summarize the news:

    Yesterday, on the same day Walter Energy (WLT) filed chapter 11, WSJ reported that Alpha Natural Resources was engaged in potential restructuring negotiations with senior lenders. While it continues to assess other avenues to improve its capital structure, a $300-400MM DIP financing is cited as one route ahead of Alpha Natural Resources’ August bond maturity.

    In a sign of what may or may not be expected, Nomura discontinued coverage of Arch Coal, Alpha Natural Resources and Walter Energy, citing a “a reorganization of coverage.”

    Alpha Natural Resources is halted. Shares of Peabody Energy has gained 1.3% to $1.55 at 10:01 a.m. today, while Cloud Peak Energy has advanced 0.3% to $4.01. Arch Coal has dropped 4.5% to 30 cents.

  • Reply to

    I don't believe the WSJ article

    by bnqfx Jul 16, 2015 8:27 AM
    romangerasch romangerasch Jul 16, 2015 9:50 AM Flag

    Correct. It shows again: In the End a Retail Investor has only 3 Dicisions to make: 1. When to Buy, 2. When to hold, 3. When to sell.

    You buy when you think you hit the Bottom, if it than goes dow 10% you were wrong, take your loss and try it again...Or you will end up like this: First being a Bagholder for Months and years and than take a huge loss and your Money is blown away... I only can regret myself for not being diciplined and siting here with 40K less...

    I dont blame the Market or Management- only myself beeing that dumb, despite i had to know what do...

  • Reply to

    I don't believe the WSJ article

    by bnqfx Jul 16, 2015 8:27 AM
    romangerasch romangerasch Jul 16, 2015 8:39 AM Flag

    I will loose 40K on ANR... I know every "Long" like me is waiting for a Miracle, but we all know that is not going to happen. Since Yesterday ANR is done. It makes no sense to talk about why they file BK wth nearly $1B Cash / $2B Liquidity - because they WILL file BK...

    In the End Management will blame low Coal Prices, Politics and Wyoming Self bonding, low NatGas Prices and then Shareholders will be whipped out, Senior Debt Holders will be the new Owners of ANR, then ANR will be nearly Debt free, then Coal Prices will gonna rise because of Production Cuts, better China demand, higher NatGas Prices because of Exports and ANR will be a big fat Mining Company and the Bondholders will make a lot of Money.....

  • romangerasch romangerasch Jul 16, 2015 5:21 AM Flag

    Later WSJ added this Report:

    Alpha’s loan holders, including Citigroup Inc. and Davidson Kempner Capital Management LLC, recently organized to prepare for restructuring talks, hiring law firm Davis Polk & Wardwell LLP and financial adviser Ducera Partners LLC, The Wall Street Journal reported last month. Bondholders including Capital Research & Management Co. and Blue Mountain Capital Management LLC are working with Kirkland & Ellis LLP and investment bank Houlihan Lokey, according to people familiar with the matter.

    As of March 31, Alpha had $1.85 billion in liquidity, according to a regulatory filing. But a tumble in coal prices caught it in a funding crisis that’s gripping many U.S. producers. For the 12 months through March, the company lost $751 million, according to FactSet.

    It may also face increased environmental costs. A Wyoming regulator informed Alpha it believes the company no longer qualifies for a state “self-bonding” program allowing it to forgo insuring against future mine cleanup costs, the company disclosed in May. The company said it disagreed and would seek to “reverse or rectify” the decision.

  • romangerasch romangerasch Jul 16, 2015 5:19 AM Flag

    This is from WSJ:

    Alpha Natural Resources Inc. is in talks to obtain financing for a potential bankruptcy filing early next month as it grapples with a severe downturn in coal prices, according to people familiar with the matter.

    The Bristol, Va., coal miner is negotiating the terms of a “debtor in possession” loan with its loan holders and senior bondholders, the people said. The new financing would help see Alpha through bankruptcy should it file for chapter 11 protection in early August, around the time some of its convertible bonds come due, the people said.

    The loan could total around $300 million to $400 million, one of the people said. Jointly providing the loan could align the interests of the two creditor classes, potentially smoothing Alpha Natural’s efforts to restructure its debt.

    Alpha is still exploring options to improve its capital structure and a bankruptcy filing isn’t inevitable, some of the people said. The company had about $3.1 billion in long-term debt as of March 31.

    Alpha and other coal producers face a depressed market as power plants switch to cheap, abundant natural gas and sluggish global growth has driven the price of coal used in steelmaking down to an 11-year low. Walter Energy Inc. filed for bankruptcy protection on Wednesday, following Patriot Coal Corp.’s May chapter 11 filing.

  • romangerasch romangerasch Jul 15, 2015 5:34 PM Flag

    Unreal. 300M-400M Loan with 1B in Cash? They only Need to sell NatGas Assets to get this Amount in Cash.... If they file i will never again trade one Stock....

  • By MATT JARZEMSKY
    July 15, 2015 5:18 p.m. ET
    0 COMMENTS
    Alpha Natural Resources Inc. is in talks to obtain financing for a potential bankruptcy filing early next month as it grapples with a severe downturn in coal prices, according to people familiar with the matter.

    The Bristol, Va., coal miner is negotiating the terms of a “debtor in possession” loan with its loan holders and senior bondholders, the people said. The new financing would help see Alpha through bankruptcy should it file for chapter 11 protection in early August, around the time some of its convertible bonds come due, the people said.

    The loan could total around $300 million to $400 million, one of the people said. Jointly providing the loan could align the interests of the two creditor classes, potentially smoothing Alpha Natural’s efforts to restructure its debt.

    The loan could total around $300 million to $400 million, one of the people said. Jointly providing the loan could align the interests of the two creditor classes, potentially smoothing Alpha Natural’s efforts to restructure its debt. Alpha is still exploring options to improve its capital structure and a bankruptcy filing isn’t inevitable, some of the people said. The company had about $3.1 billion in long-term debt as of March 31.

  • 2015-07-15
    Coal producer Alpha Natural Resources Inc. is expected to sell its mining operations in the Cumberland River area of Letcher County to Revelation Energy LLC, a West Virginia company. ...

  • Reply to

    I bought at 2.44

    by john_scott_conroy Jul 14, 2015 6:25 AM
    romangerasch romangerasch Jul 14, 2015 8:21 AM Flag

    I bought at 1.82, now i am a Bagholder. I would not average down... If ANR survive this Downturn and not going to file BK, you will be a happy Man in 5 Years.... If they file for BK next 12-18 Months you have thrown bad Money after bad...

  • Patriot, James River Coal, Walter Energy Chapter 11

    Will ANR & BTU the Last Man Standig...`?

  • romangerasch romangerasch Jul 8, 2015 9:10 AM Flag

    hope your right, but it seems the Market have got an other View and my $45K goes down to toilet

  • July 8 (Reuters) - Peabody Energy Corp said the Wyoming authorities had reaffirmed that all three of its coal mines in the state were eligible for "self-bonding" - a government program giving coal miners a discount on insuring their clean-up costs in case of bankruptcy....

    Maybe ANR has tapped the Revolver with 445M to cover 200M-400M Insurance Costs, because they are not qualified for Self-Bonding in final Decision....

  • romangerasch romangerasch Jul 8, 2015 3:37 AM Flag

    CCCBondguy:

    BRISTOL, Va., April 1, 2015 /PRNewswire/ -- Alpha Natural Resources, Inc. (NYSE: ANR) ("Alpha"), a leading U.S. coal supplier, today announced that it has completed the repurchase of an aggregate of approximately $593 million in principal amount of its unsecured notes, including $82 million principal amount of its 3.75% convertible notes due 2017, $108 million principal amount of its 9.75% senior notes due 2018, $220 million principal amount of its 6.00% senior notes due 2019, $68 million principal amount of its 4.875% convertible notes due 2020 and $115 million principal amount of its 6.25% senior notes due 2021, in separate privately negotiated transactions with investors.

    ...in separate privately negotiated transactions with investors....

    If - you will see no Trades...

    For me ist still in the Dark why ANR sold $30M in Rice Stock and tapped $445M Credit Line with $1B Cash Cushion....

ALU
3.55-0.01(-0.28%)Jul 29 4:04 PMEDT