Seeking Alpha

T1243

T1243
Send Message
View as an RSS Feed
View T1243's Comments BY TICKER:
Latest  |  Highest rated
  • More Bad News For Peabody Energy - Are We Seeing The End Of The Coal Industry? [View article]
    Even if BTU went to the wall, all it means is that the mines go to someone else without the debt. Mines will keep running, and very profitably without the debt.
    I have resisted buying Peabody shares, but only because I feel there are better places to invest my money in coal right now.
    May 25, 2015. 07:18 PM | Likes Like |Link to Comment
  • More Bad News For Peabody Energy - Are We Seeing The End Of The Coal Industry? [View article]
    RIO got out of Mozambique, in fact Africa completely. In no way out of coal. They still have;
    Hail Creek
    Kestrel
    West Kestrel
    Bengalla
    Mt Thorley
    Hunter Valley
    Pleasant Valley

    As for BHP (fine print), coal is one of their four pillars. Every mining company in the world would want those world class assets.
    May 25, 2015. 12:10 PM | Likes Like |Link to Comment
  • More Bad News For Peabody Energy - Are We Seeing The End Of The Coal Industry? [View article]
    OK...I didn't rattle out all the detail. But I didn't tell a complete lie, like "BHP has just divested its coal assets to form South32" or "RIO is essentially out of coal too"
    I am not exactly sure why you say thinks like that. I am sure you are smarter than that.
    May 25, 2015. 03:45 AM | 1 Like Like |Link to Comment
  • More Bad News For Peabody Energy - Are We Seeing The End Of The Coal Industry? [View article]
    Keith,
    BHP only divested one underground mine in the Illawara into S32. All the coal mines in the Hunter and Bowen basin remain as their 4th pillar.
    RIO only divested Clermont (Thermal). Met coal remains in their portfolio.
    AAL is Anglo American Limited. Coal is still a big focus.
    May 24, 2015. 11:34 PM | 1 Like Like |Link to Comment
  • More Bad News For Peabody Energy - Are We Seeing The End Of The Coal Industry? [View article]
    I agree they need Thermal prices to rise as well. But Thermal coal is not what is going to kill them.
    May 24, 2015. 11:34 PM | Likes Like |Link to Comment
  • More Bad News For Peabody Energy - Are We Seeing The End Of The Coal Industry? [View article]
    Lets get some facts on the table.
    1. The US consumes 11.2% of the global coal burn
    2. Outside of the US, there is no connection between NG and coal price
    3. Globally NG has no relationship to Met coal price
    4. Thermal coal is mostly cash positive, it is Met coal the poses the bottom line risk for Peabody.
    5. US politics has no influence on Global coal price
    6. US EPA has no influence on global coal price
    7. Alternative energy has no influence on global coal price
    May 24, 2015. 11:57 AM | 1 Like Like |Link to Comment
  • Peabody Energy: Unfavorable Hedges Obscure A Solid Underlying Business [View article]
    They had Australian mined coal pre-sold in USD, so they set up the hedge to make sure that coal stayed cash positive on their books while they could. In hindsight they gave up some margin, but I can understand why they did it at the time. I'm not sure I would of done any different under the circumstances.
    May 23, 2015. 12:37 PM | Likes Like |Link to Comment
  • More Bad News For Peabody Energy - Are We Seeing The End Of The Coal Industry? [View article]
    Mankind has also proven that it can eventually do the right thing. But only after it has explored all other options.
    I know a person who only reads/references articles that agrees with his theories. He then denigrates the rest.
    http://bit.ly/1Akd7Sh
    May 22, 2015. 04:14 PM | Likes Like |Link to Comment
  • More Bad News For Peabody Energy - Are We Seeing The End Of The Coal Industry? [View article]
    I did not want to mislead anyone by leading with "I agree with you".
    I have been correct about the BTU share price as well. Picking the trajectory of a falling knife is not dumb luck, but dam close. The smarts comes understanding why.
    May 21, 2015. 11:29 AM | 4 Likes Like |Link to Comment
  • More Bad News For Peabody Energy - Are We Seeing The End Of The Coal Industry? [View article]
    I think we have established over many articles that you have no experience in the energy industry.
    I do agree with you that Peabody could well go down, but for none of the reasons you pose.
    Biggest threats is;
    1. China selling coke, keeping met coal prices down while AUD rises on the back of iron ore increases.
    May 21, 2015. 03:53 AM | 12 Likes Like |Link to Comment
  • Peabody Is My Favorite Idea That Everyone Knows, But That No One Understands [View article]
    But they need cash to buy anything!
    May 20, 2015. 08:30 AM | Likes Like |Link to Comment
  • Peabody Energy Champions Transition To Low Carbon Economy [View article]
    Well no...they don't need to disclose their client base.
    It is a pool structure anyway. Peabody have a range of long term Thermal contracts. The coal comes from a supply pool which includes not only Peabody mines, but also coal they purchase.
    If anything drops off, it is the coal they purchase.
    May 19, 2015. 06:05 PM | 1 Like Like |Link to Comment
  • Peabody Energy Champions Transition To Low Carbon Economy [View article]
    Non of your business.
    May 19, 2015. 04:53 PM | Likes Like |Link to Comment
  • Peabody Energy Champions Transition To Low Carbon Economy [View article]
    Pre-sold into long term contracts.
    May 19, 2015. 02:10 AM | Likes Like |Link to Comment
  • Peabody Energy Champions Transition To Low Carbon Economy [View article]
    OK...I misunderstood your point.
    However the retirement of of generating capacity in the US will mostly effect the top quartile of producers. It is unlikely to effect Peabody tonnes, but could influence the price moving forward relative to cost.
    What India and China do with Thermal coal has limited implications for Peabody.
    May 18, 2015. 11:19 PM | Likes Like |Link to Comment
COMMENTS STATS
329 Comments
302 Likes