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What will happen if there is suddenly no coal?
Internet Explanation: If coal and petroleum are exhausted it will be very difficult for us to transport; because most vehicles depend on petroleum and coal. Transport on Earth will became complicated, and if coal is exhausted we will lose a unique fossil fuel.
Coal is used in myriad "other" domestic and industrial purposes.
Nothing required about that chart except a LARGE..
Touchay!
Normally a precipitous drop like that happens
over night. Not 2 lonnng years.
PS
Arguably the greenees BIGGEST "VICTORY" ever.
Pennies - Your opinion: Yup! Among other things. eom
Rockefeller? What's he got to do with the discussion?
PS
What is so important about $1.30?
I can see you trying to sing yourself to sleep with
this song every night.
Pennies, the ONLY thing that person has going..
is the stock price. The stock price is the
benchmark that (seems to) substantiate that
person's unsubstantiated postulations.
To repeat; the only thing "substantiating"
anything said.. is the damnable stock price.
I have to admit if logic states that coal is
valuable... then BTU stock price should be
going up. NOT down!
The Records portray that vast majority of BTU
stock is closely held by "smart" people.
Go figure..
As long as unproven speculation has become the
mode of operation by a certain writer,
it's my turn.
That person must have been a kindergarten dropout.
And s/he tries to prove it every day.
By his/her mostly unproven kerflufaling hereon.
All I agree with is that the stock has
been a mess.
So far.
PS
And the Institutions and Hedge Funds that
have been, and still are, buying 94% of BTU
stock must be going crazy.
THIS FROM 4 YEAR'S OLD REPORT: ".. environmental
liabilities asserted by federal, state and
tribal authorities for the sites polluted
from lead and zinc mining that ended decades ago."
It's more piling on by govt, greenees and
do-gooders... perpetrated by same ilk that is
scared to challenge airline pollution.
98% of these mines are out in the middle of no
mans land.
The stock market in all its wisdom
is proving you "right". And me, and
Merth, and Pennies "wrong".
IT IS A HORRIBLY SAD state of affairs for America. $$$$Billions
from govt to keep airlines afloat.
Not a penny for coal.. and motherhood and apple pie.
3 Dec, 2020
_______________________________________________
(Bloomberg) -- Lighthouse Resources Inc.,
a coal company with mines in Wyoming and Montana,
and White Stallion Energy LLC, a miner that
operates in Indiana and Illinois, both filed
for bankruptcy after the Covid-19 pandemic
dropped coal prices.
THE BEGINNING OF THE END (of coal):
3 Dec, 2020
[Although many thought there would be a stock run up
first so the big holders could sell their stock and
get out with some cash.]
_______________________________________________
(Bloomberg) -- Lighthouse Resources Inc., a coal company with mines in Wyoming and Montana, and White Stallion Energy LLC, a miner that operates in Indiana and Illinois, both filed for bankruptcy after the Covid-19 pandemic dropped coal prices.
Coal companies have struggled amid an increase in natural gas and renewable energy, and U.S. coal production in the second quarter of this year was the lowest it has been in almost 50 years, according to bankruptcy court filings.
Coal has been hit hard this year because of the decrease in demand for electricity to run offices, factories and stores. That’s been true all over the world, and in the U.S., coal power plants have been the first place that utilities have cut back when they need less electricity.
Peabody Energy Corp., the biggest U.S. coal producer, warned last month that it’s facing the same issues and that it may seek bankruptcy protection for the second time in five years if the market doesn’t improve.
Lighthouse has debt of about $456 million, according to its declaration. White Stallion, which is majority owned by American Patriot Energy LLC, listed about $104 million of debt, according to its declaration.
“Economically Feasible”
“In light of the challenging market conditions and other impacts on our business from Covid-19, we have been required to reduce costs and reorganize our business resulting in the reduction of our workforce in Montana,” Lighthouse Chief Executive Officer Everett King said in a news release.
Lighthouse’s bankruptcy was prompted by decreased prices in Asia connected to the Covid-19 global pandemic and the fact that the cost to produce coal from its Decker Mine in Montana exceeds the sale price in its contract with an electric company.
“Continuing to operate the Decker Mine is not economically feasible,” states a declaration filed by Darin T. Adlard, Lighthouse’s vice president of finance and accounting.
White Stallion suffered a net loss of about $30 million in 2019. In the months before its bankruptcy its financial situation worsened due to the decline in coal consumption at power generation facilities caused by the economic slowdown resulting from Covid-19, according to the bankruptcy declaration. The company expects that all its mines will remain idled during the bankruptcy process.
Part of the Plan that allowed BTU to come out of its
BK 4 years ago was that they had to clean up their
mines.
Gotta admit they are still being ordered to, and
working on, that.
The hoops the greenees put coal through are actually
more expensive than the mining to get the coal itself
was in the first place.
PS
Maybe this brief BTU stock run up is (was) the last
gasp for coal?
That's gonna make it a cold dark winter
PSS
Adage Capital must be crying their eyes out at
the huge stock drop these last few days.
But they still got $$billions to offset their
5,000,000+ shares of BTU.
Clean Up? For free? Nope. Either coal USERS pay their
share for the supposed harm they are causing, or stop using coal.
WHICH THEY WILL NOT DO... FOR A LONG LONG TIME.
Nope - coal is punished - by massive "clean up" expenses
that should be being paid by the people the coal is
benefiting. People who (THEMSELVES) are creating far
more clean up disasters than coal. That list of
perpetrators is far too large to fit on here..
or even fit on the internet.
But they and their huge pocketbooks are winning that
battle against BTU. As their diabolical scheme..
along with MM manipulating.. is driving BTU stock
evermore lower and lower.
For now.
I never ever saw this kind of price target
increase.
NIO target raised to $59 FROM $7.70.
By Goldman Sachs. Where do they find these geniuses!
Way to go GS.
I never ever ever saw this kind of price target
increase.
NIO target raised to $59 (it's $50 now) FROM
$7.70.
By Goldman Sachs. Where do they find these geniuses!
Way to go GS.
Blackberry? Blackberry! Up 55% today. To $9. Anything can
happen. I didn't even know they were still around.
Been moving up from $2 for a little while...
$5 billion Market Cap. BTU had MC like that about
a year & 1/2 ago.
Cheaper solar? Only because you don't see the bills that
your neighbors are paying (for you).
It's called mandatory subsidies.
"(Cost) Backwards?" NOT!
MERTH: "...even if places like the USA runs away from
it (coal) for more expensive options."
Perfect example of the disaster we call America's
(govt, private, and business) bureaucracy.
Alternatives saving $billions. NOT! It's..
It's the opposite. eom
Merth - It is astounding (although I am not surprised) that
the people in power (out front and behind the scenes) do not
see what you have just so plainly exposed.
To wit: That the obliteration of coal companies will
mindlessly escalate the costs of enormous quantity and quality
of the necessities of life!!!
INCREASES ($$$$) that will be far
beyond any "bad" that Peabody and the coal companies can be perpetrating. [/b
If I don't understand (and accept) pusillanimousness, men-
dacity, perfidiousness, and wanton lust, greed, and robbery,
and stupidity, then pronounce me guilty.
Even the MMs are out to destroy BTU. They wiped out
a whole week of value in couple of hours. With relatively
tiny stock trade volume.
Those big investors who added 5 million
shares 2 weeks ago must be incensed at
this attack at their financial acumen.
The investing gurus value Tesla at over 3,000
times more valuable than Peabody.
Tesla Market Cap = $500,000,000,000
Peabody Market Cap = $150,000,000
THINK ABOUT THAT WHEN YOU TRY TO UNDERSTAND..
ANYTHING!
Apology accepted. eom
Maybe it is and maybe it isn't. Either way it is comforting
to see rich and powerful (and hopefully brilliantly smart)
investors interested in, and taking positions with BTU stock.
But ya still never really know the future...
It was very interesting to see giant investment firm
Adage Capital purchase 5,000,000 more shares of BTU
for their repertoire 2 weeks ago.
ADAGE CAPITAL:
https://fintel.io/i/adage-capital-partners-gp-llc
_________________________________________________
File Date Form Security Prev
Shares Current
Shares Change
(Percent) Ownership
Change
(Percent)
2020-11-20 13G BTU / Peabody Energy Corporation 5,000,000
Pennies - still waiting to move the decimal
point one slot to the right. :) :) :)
MERTH! Peabody should be using this fantastic dissertation
you just created. AND USE IT AS ITS MARKETING PLATFORM.
So the world will know about the lies that the self-indulgent greenees foment
ubiquitously out of disgust about themselves.
The sun is burning! Wait until the world takes
ownership of the sun. And starts charging
for its "use".
And right after that the world does the same thing
with the air. Charging you when it blows.
Pretty sure you get the intended insinuation.
Take it to your English professor.
S/he will understand.
Your antediluvian fetish against coal prevaricates you. eom
Thanks Penny. Me too. And your analysis
of how stock market operates is spot on.
A big question is knowing when the big
boys are changing direction (knowing before
the stock [drop or rise] tells you).
Pennies, maybe the smart people are realizing
that coal is direly important to America's
progress and existence.
Re: your references to Buffett and his friends, etc.
Also the huge Adage Capital ($65 billion in investment
assets) has taken a large interest in BTU.
They added 5,000,000 shares last week.
And the "old school" energy businesses all seem
to be suddenly gaining in interest from investors.
And then there's that plain old time for their
turn to fit into the "cycle" of things.
semi OT - Things that make sane men insane:
Price Earnings Ration (PE) means nothing anymore.
Tesla PE is 980!
If TSLA (which gets its "earnings" from selling green credits) had
the same PE as GM, its stock would be $11 dollars. Not $540 dollars
Go figure.
And further insanity is that BTU (that "fuels" Tesla's cars)
has been thrown under the bus.. and ravaged.
PS
Is Tesla too big to fail? The said Enron was too big to fail.
Would be nice to see some news.
Like Buffett buying, or
fact that huge Adage Cap just did buy 5 million shares, or
govt bureaucrats changed minds and gonna let BTU work
with ARCH coal (a win win for ALL), or
New updated Loan/Surety debt Agreement has been signed..
as already "promised" by CFO.
Etc
Pennies - BTU could sure use an increase in
coal prices. Maybe the current oil price increases
will help.
"Are you identifying that IHUB is posting fake news?" No. I
never even looked on IHUB for that BTU dividend info.
I looked at Yahoo, and there it is!
Altho TDAmeritrade does not show a dividend.
Note:
I do see that the other big coal company, ARCH,
is making a pretty big move today also.
PS
Pennies: you also said to me:
"Let me get this right. IHUB is censoring everyone's post to fit their narratives
while they are posting disinformation about the stocks they have listed?"
"Thanks for pointing this out...... "
I never said (or even inferred) that. I appreciate
the info you provide.
Pennies. Thanks for the heads ups. I still do not
know where the dividend news came from. It is almost
beyond belief. I never saw anything like that before!!
Is BTU trying to make itself a takeover target
for some company that will have the ability to
pay the dividend!
BTW - Berkshire/Buffet Report was interesting. But I
could not find Peabody-BTU mentioned specifically.
Was it mentioned?