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Roy Dillow

Roy Dillow
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  • 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. [View news story]
    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.
    Sep 7, 2012. 12:41 AM | Likes Like |Link to Comment
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