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wigit5

wigit5
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  • Going Over Walter Energy [View article]
    no capacity was really lost in the JRCC or the PCX bankruptcies, in fact they are able to sell coal at even cheaper prices now due to the loss of debt... its frustrating the non-bk companies
    Apr 12 07:24 PM | 3 Likes Like |Link to Comment
  • Going Over Walter Energy [View article]
    met coal benchmarks for 2Q are looking worse than 1Q not better no improvement this year barring a natural catastrophe (big floods in AUS or similar).
    Apr 12 04:31 PM | Likes Like |Link to Comment
  • Seadrill sinks as Credit Suisse downgrades, cuts target to $30 from $40 [View news story]
    murray I think you confused yourself or made an error in your response... its self contradicting if I'm reading it correctly.
    Apr 12 09:48 AM | Likes Like |Link to Comment
  • Commodities Today: Profiting From Volatility In These Names [View article]
    "triple" is probably overstating the effect of political headwinds, low Nat gas prices and global growth decline have a greater impact on coal prices. Politics make costs go up not the price go down in this scenario... In other words if politics butted out coal companies would be more competitive on a cost basis but it wouldn't make met coal shoot to $200 a ton or thermal prices back to 80-100$.
    Apr 11 12:49 PM | Likes Like |Link to Comment
  • Buffett and Graham put deal on paper [View news story]
    Might not want to broadcast that you pay no tax lol people tend to riot over stuff like that :p

    Good Job Warren hoping my B shares keep flying hire
    Apr 11 12:05 PM | 1 Like Like |Link to Comment
  • Seadrill sinks as Credit Suisse downgrades, cuts target to $30 from $40 [View news story]
    I would say no, MCD is a defensive dividend payer, you should own it for a little bit of growth but mostly the consistent dividend and limited downside.

    SDRL isn't really defensive to volatile imo great dividend and at these levels undervalued so you buy it for the price appreciation and the good dividend which may or may not be safe long term (5 years out).
    Apr 11 10:11 AM | 5 Likes Like |Link to Comment
  • 'Sell In May And Go Away' Arrives Early In 2014 [View article]
    Thanks Bret
    Apr 11 09:56 AM | 1 Like Like |Link to Comment
  • Seadrill sinks as Credit Suisse downgrades, cuts target to $30 from $40 [View news story]
    yay selling puts
    Apr 11 09:18 AM | 2 Likes Like |Link to Comment
  • Going Over Alpha Natural Resources [View article]
    SethACox,
    I think when most of us say the acquisition was a blunder isn't because Massey had bad assets it was the timing of it all. If Alpha had waited 3-6 months they could have bought Massey at half the cost or lower.

    Alpha has had to shut down many mines since the acquisition any ideas on how many were Massey owned prior to the acq?
    Apr 11 09:11 AM | 1 Like Like |Link to Comment
  • UBS cuts key coal names to Sell; cites oversupply, benchmark settlement [View news story]
    @tiger, agreed china isn't the solution coal needs, coal needs massive infrastructure upgrading by developed countries (The US especially), and world wide growth in general...

    I'll reiterate that I don't think coal ever sees 2008 peaks in the next decade but somewhere in between there and today's prices is probable. If that trickles to share prices stocks like $ANR could see $20-$30 someday (maybe 3yrs, or 5yrs, or even 10yrs)... If I wasn't already invested in $ANR would I invest today no... but since my money is already in there I'm leaving it unless I see imminent signs of bankruptcy.
    Apr 10 03:52 PM | Likes Like |Link to Comment
  • Commodities Today: Profiting From Volatility In These Names [View article]
    Yeah not sure why you would get hatemail about the coal industry everyone but the blind see that were in a longer down cycle then usual... lots of headwinds political and not, bad acquisitions all over back in 2010/2011 peaks, etc etc...

    Long ANR (used to be long JRCC dumped it at 1.50 for a fairly large loss).
    Apr 10 01:22 PM | Likes Like |Link to Comment
  • UBS cuts key coal names to Sell; cites oversupply, benchmark settlement [View news story]
    Geno this isn't an effort for fighting pollution but rather self sustainability China has an interest in keeping coal prices down since the use it most they see major exporters cutting production and are concerned a bull run in coal prices could further slow their growth via rise in cost of electricity
    Apr 10 09:23 AM | 1 Like Like |Link to Comment
  • Going Over Alpha Natural Resources [View article]
    In this case the term 'universally' means across the US or all basins. Since few major coal companies are solely concentrated in one basin they need all basins to be competitive and take share from nat gas in order to see meaningful price appreciation
    Apr 10 09:19 AM | Likes Like |Link to Comment
  • Pentagon hopes to seal next F-35 orders by end of May [View news story]
    I feel for him the nothing like getting handed a cluster-f$$$ of a project...
    Apr 9 10:11 PM | Likes Like |Link to Comment
  • UBS cuts key coal names to Sell; cites oversupply, benchmark settlement [View news story]
    they quite literally have declared war on pollution devildog, they are just losing awfully in that war.
    Apr 9 09:25 PM | 1 Like Like |Link to Comment
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