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Patriot Coal (PCX) may file for bankruptcy as early as today, reports Bloomberg. Shares are...

Patriot Coal (PCX) may file for bankruptcy as early as today, reports Bloomberg. Shares are halted, -35%. The company has apparently lined up debtor-in-possession financing as a precursor to the move.
Comments (10)
  • nfantis
    , contributor
    Comments (84) | Send Message
     
    But wait Mark Anthony said everything is okay!?!
    9 Jul 2012, 03:42 PM Reply Like
  • tayl108
    , contributor
    Comments (65) | Send Message
     
    Poor Mark A!!! Everything looked so positive after that Europe report.
    9 Jul 2012, 03:45 PM Reply Like
  • montanamark
    , contributor
    Comments (1434) | Send Message
     
    you hear that cheering - its the obama energy dept
    9 Jul 2012, 03:45 PM Reply Like
  • dieuwer
    , contributor
    Comments (2255) | Send Message
     
    Maybe the Bloomberg people are short and hoping to make a quick buck spreading rumors.
    9 Jul 2012, 03:45 PM Reply Like
  • Christopher Cowan
    , contributor
    Comments (150) | Send Message
     
    Time to get into Nat gas
    9 Jul 2012, 03:47 PM Reply Like
  • SoldHigh
    , contributor
    Comments (999) | Send Message
     
    Obama promised to destroy America's coal industry by saying his regulations would bankrupt any company who tried to build a coal-fired plant under his hostile anti-business regime.

     

    That's promise he's clearly kept!
    9 Jul 2012, 03:49 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2482) | Send Message
     
    The price of natural gas has done just as much as the EPA to prevent companies from building new coal fired plants.
    9 Jul 2012, 04:22 PM Reply Like
  • tiger8896
    , contributor
    Comments (577) | Send Message
     
    Is anyone surprised? The bond and equity markets have been signaling a bankruptcy for weeks,
    9 Jul 2012, 04:04 PM Reply Like
  • lsimmo
    , contributor
    Comments (3) | Send Message
     
    Shorted to death
    Oh Dear
    9 Jul 2012, 04:07 PM Reply Like
  • Randall Reese
    , contributor
    Comments (35) | Send Message
     
    For those interested, links to a free copy of Patriot Coal's chapter 11 petition and largest unsecured creditors listing

     

    Petition: http://bit.ly/L4JxAA

     

    Unsecured Creditors: http://bit.ly/NfDg94
    9 Jul 2012, 07:52 PM Reply Like
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