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J 457
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  • Alpha Natural wants elimination of non-union retiree benefits  [View news story]
    Same as it ever was. Apparently it wasn't enough for ANR to take their 401ks down to nothing, then lay them off when the mines closed. Now they want to take their meager pensions as well. But I hear with zero % interest rates and 5% unemployment everyone is rich and happy (except for ANR retires).
    Nov 11, 2015. 09:46 PM | 2 Likes Like |Link to Comment
  • Beaten-down Consol, other energy companies rally  [View news story]
    Factor in the debt as well and CNX is worthless. Equity is worthless. Market needs to revalue assets much lower. People talk like there is some great potential here, but there's not. Too much debt will sink all the coal companies and most all NG producers. CNX has worst of both worlds, coal cost more to mine than they sell it for, and NG is soon to follow. Short.
    Nov 2, 2015. 09:28 PM | 1 Like Like |Link to Comment
  • Quicksilver Resources bankruptcy auction set for December  [View news story]
    Glenn Darden still owns 30mm shares. I think the Dardens collectively own close to 50mm shares. I bet Glenn wants there to be some value in the common stock as he stands to benefit most. Still not sure how this will play out. Like many, I lost big $$ on KWK and Glenns big talk about Horn River and West Texas. But with the KWKAQ trading at .016 there might be some value remaining, or at least a calculated gamble.
    Oct 6, 2015. 09:29 PM | Likes Like |Link to Comment
  • Things can't get much worse for coal after disastrous 2015, analyst says  [View news story]
    Assuming the price of coal stays the same, or even decreases 2-4% in 2016, these coal companies will still lose tens of millions. They tried the reverse splits, the bond re-org, the reduced capex, but they are still in the red. Only solution is to shed the debt through a BK. BTU and ACI will be next, then CLF.
    Oct 6, 2015. 09:24 PM | 3 Likes Like |Link to Comment
  • Coal stocks lower following Moody's grim outlook  [View news story]
    You mean figure it out like all those *smart* Americans are doing right now with immigration, gun control, healthcare, deficits, imports, common core, social security, debt, EBT abuse, welfare abuse, EPA, NSA, TSA, foreign affairs and so on...

    When the blackouts hit they'll cry out for more EPA involvement to help the problem.
    Oct 1, 2015. 06:31 PM | 10 Likes Like |Link to Comment
  • Arch Coal judge declines to stop lenders seeking to block debt exchange  [View news story]
    Was it not BTU that just hired the BK attorney?
    Sep 25, 2015. 05:33 PM | Likes Like |Link to Comment
  • Peabody Energy - Thoughts Ahead Of The Reverse Stock Split  [View article]
    OK, I'll give you #3 on the mute vs. moot. I really meant mute, as in, there's nothing you can say about it! But that's all I'm conceding. And yes let's circle back in Dec, by then BTU will have R/S to around $10 and shorted back to $3-4. Let's go!!!!!!!!!!
    Sep 25, 2015. 04:51 PM | Likes Like |Link to Comment
  • Peabody Energy - Thoughts Ahead Of The Reverse Stock Split  [View article]
    That's not accurate. ACI was at 13 cents pre-split not even close to $1.00.
    Sep 24, 2015. 06:23 PM | Likes Like |Link to Comment
  • Peabody Energy - Thoughts Ahead Of The Reverse Stock Split  [View article]
    You don't get it. There is NO chance, ZERO, ZILCH, that BTU or ACI or even CLF can get out from underneath their massive debt obligations. Coal prices have almost become irrelevant. ACI and BTU are throwing a hail Mary hoping to extend the inevitable for another 2-3 months. But it doesn't matter, as extending the debt will only serve to burn more cash and dilute the stock. Why else is BTU pushing a 15/1 R/S? So they can try to shore up the equity to give more shares to the bondholders in exchange for extending the debt another few years. Buy all you want, I'll short all I want. Let's compare notes in Dec. And remember, ANR's Chap 11 allowed them to keep mining all the way through, so the idea of production supply disruption is mute point. JRCC, PCX, WLT, ANR.......ACI, BTU, CLF. In that order. Only two may survive, that's CLD and WLB.
    Sep 24, 2015. 06:21 PM | Likes Like |Link to Comment
  • Peabody Energy - Thoughts Ahead Of The Reverse Stock Split  [View article]
    See you there. We'll celebrate our winnings on the backs of the so-called "experts" who keep pumping this coal trash. Didn't we already learn the lesson from the energy space last year? Geez.
    Sep 24, 2015. 06:13 PM | Likes Like |Link to Comment
  • Peabody Energy - Thoughts Ahead Of The Reverse Stock Split  [View article]
    Yes, short CLF and BTU.
    Sep 24, 2015. 06:12 PM | Likes Like |Link to Comment
  • Peabody Energy - Thoughts Ahead Of The Reverse Stock Split  [View article]
    LOL. '"Unlocked value of this great company." That's comedy. What is the value of coal that sells for less than they mine it for? Assets are worth more if you leave them in the ground. BTU going down, it's just a matter or how many more weeks they last. They can't shed this $10billion debt/liabilities without a BK or restructure or dilution. All three scenarios very bad for the common stock.
    Sep 23, 2015. 06:58 PM | 2 Likes Like |Link to Comment
  • Peabody Energy - Thoughts Ahead Of The Reverse Stock Split  [View article]
    Let me spell it out. 15/1 R/S. Debt restructuring (they just retained Davis Polk) then either dilution/secondary, or BK. Any of these options will be very bad for the common shares.

    After the R/S the shorts will pile in. There is no hope for BTU or ACI and even CLF looks iffy. CLD still making a few $$'s and is best risk/reward.
    Sep 23, 2015. 06:53 PM | 1 Like Like |Link to Comment
  • Arch Coal teeters on the brink as debt swap deadline approaches  [View news story]
    Well, yes there is, and what's tied to this debt exchange is the next interest payment due this month. Will they pay, or default? No debt exchange will force their hand one way or another.
    Sep 22, 2015. 07:26 PM | 1 Like Like |Link to Comment
  • Environmentalists challenge major U.S. mines owned by CLD, ACI, BTU  [View news story]
    I wish there was comparable funding and development placed on improving carbon capture technology as there is on solar subsidies.
    Sep 18, 2015. 06:56 PM | 17 Likes Like |Link to Comment
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