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CEO Greg Boyce says Peabody Energy (BTU +1.4%) is cutting its 2012 capital expense budget...

CEO Greg Boyce says Peabody Energy (BTU +1.4%) is cutting its 2012 capital expense budget to a $1B-$1.1B range vs. an earlier projection of $1B-$1.2B, and he expects 2013 capex to be at or below 2012 levels. An earlier report said BTU had deferred the $500M sale of its Wilkie Creek mine, which failed to attract a worthwhile bid.
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Comments (4)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
    So, the question is whether my BTU stock will ever be worth anything.
    6 Sep 2012, 12:58 PM Reply Like
  • baugues
    , contributor
    Comments (6) | Send Message
    This will be a $50.00 stock this time next year.
    6 Sep 2012, 03:35 PM Reply Like
  • caution 4 1
    , contributor
    Comments (11) | Send Message
    does this mean Boyce will not be getting 11 million dollar bonus again.
    7 Sep 2012, 12:39 AM Reply Like
  • Roy Dillow
    , contributor
    Comment (1) | Send Message
    I think the future of BTU is directly tied to the political/green movement. The current President promised to bankrupt the coal companies and that is one promise that he is achieving. BTU will survive but will focus on foreign markets if the political scene does not change.
    7 Sep 2012, 12:41 AM Reply Like
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