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Peabody Energy (BTU +3.9%) pops higher on speculation of an activist investor such as Carl Icahn...

Peabody Energy (BTU +3.9%) pops higher on speculation of an activist investor such as Carl Icahn looking to seek seats on the company's board. The rumor may be helping to lift other coal names: JRCC +2.4%, OXF +1.9%, CLD +1.8%, WLT +1.5%, ANR +0.6%, ACI +0.5%.
Comments (1)
  • wigit5
    , contributor
    Comments (3968) | Send Message
     
    This is a sector in need of massive reform really... re-evaluations of economical reserves need to be done and mines that don't profit today need to be at the very least hot idled or closed. (depending on just how unprofitable they are).
    30 May 2013, 12:31 PM Reply Like
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