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And a whole $1 million traded today of once mighty
world-giant Peabody coal stock. Basically all
at $1 dollar!
There are rumors that some of the energy companies
like Exxon and Chevron, etc, etc, are looking at adding
coal to their "fuel" inventory.
Any of them could pick up BTU (debt and all) with their
pocket change.
Would love to see a bidding war...
The other EVs are skyrocketing. It must be ALYI's turn soon.
Maybe? eom
BTU coal produces (puts out) about
1/1,000,000th of the "fumes" that
Greenies' "green" products put out.
It takes oodles of coal to fuel
Teslas.. and their type of ilk.
Do you blame BTU or Musk for that
nasty air stuff?
Another (easier) question:
How many shares of BTU stock does Elliott Investment
own of BTU's 100 million total shares of stock?
hint: 30,000,000 shares.
How much does he gain with each dollar increase in
BTU share price?
Bad numbers? Too many Green people in govt
are out to destroy BTU and the rest of coal.
Just 1 of myriad examples of charlatanism:
Here are these 2 tiny coal companies (less than
$1/2 billion in combined Market Cap) requesting a
partial merger and the govt turns them down.
WHY?
Because it would "reduce competition".
Everybody acknowledges that coal (the backbone
of America) is being destroyed.
The Chinese are overtaking America - by
using coal as number one provider of energy!!
CRAZY AND OHMYGOD!!
Crusen, you're shooting yourself in the foot.. and head. Coal isn't just
for heating your house and fueling electric car charging stations.
Coal is the new lithium.
We guess you will find fault with that also.
https://atlaspowergeneration.ca/about-us
excerpt:
"Our solution offers 4 advantages over other technologies; The highest return-trip efficiency in the world 93.5%. Responds in
milliseconds and can fully charge or discharge in 5-minutes. Very long lifespan of 1-2 million cycles. We use thermal coal as a main ingredient the lowest cost and most mined mineral on earth. Our solution offers 4 advantages over other technologies; The highest return-trip efficiency in the world 93.5%. Responds in milliseconds and can fully charge or discharge in 5-minutes. Very long lifespan of 1-2 million cycles. We use thermal coal as a main ingredient the lowest cost and most mined mineral on earth."
"We perfected a process to transform coal into energy storage, this instead of burning it. Our solution is made from the most mined, and cheapest mineral on the planet. It's time to use the trillions invested in coal mining to bring forward the clean energy future. In addition to coal our solution can also use other low value sources of carbon such as biomass & petroleum by-products for instance petroleum or bitumen coke."
ABOUT THE STOCK COLLAPSE
A rather nasty report over on another website is possibly what has been "helping" drive the stock price down for the last several months. That author says that he has closed out his short position on BTU.
Maybe we can hope that this is "Sell on the rumor. Buy on the news."?
Elliott Investment (with members on BTU Board) has a huge amount of BTU stock and obviously wants BTU to prevail.
I listened to the Conference Call on Nov 9, and heard no attitude
of BTU downfall. As matter of fact BTU's CFO was very upbeat about successful agreements with BTU's Lenders. And there were NO negative comments or questions at the end of meeting. You can listen to it on the BTU website.
PS
The govt's refusal to allow the BTU Operation Agreement with ARCH coal was a very nasty thing to do to these 2 companies.. and the Coal Industry.
PSS
Higher Natural Gas prices would help coal a lot.
Just sayin'..
Pennies - then that "chart" website that Fordgt sent
us would tend to make me stay away from BTU?
If I was using charts.
I here I am thinking right now that the rumors
being spread by various nefarious media
about BTU's supposed financial difficulties
is what is causing this terrible stock
debacle.
But dang! It was built into the charts all
along.
Or something like that. :) :) :)
FORDGT, interesting chart stuff. I have not been
much of a charter.
For me:
If things like cost of Natural Gas goes up, and
report that coal can be used to replace lithium,
and BTU is being bought out by Chevron or somebody
etc, etc.. then the stock will get back to where
it was a year ago. Quickly.
PS
Or Trump declared president :) :) :)
FORDGT, Interesting. But it seems if you got
10,000 shares for free.. then the gain in
value would be infinite.
Semantics.
But I get your point.
OTOH, if this stock can merely get back to the $40/share
[where it was just over a year ago] for WHATEVER REASON,
then 10,000 shares bought today at cost of about
a $dollar/share would be worth about $400,000.
Pennies - If you listen to the Monday Meeting (or read it) the
CFO goes into some specifics (generally) about
both ends of the Surety Bond agreements.
(The transcript and audio are on the BTU home website.)
PS
If this company below can prove the viability of
its inventions... BTU will go to $1,000.
Check the website for CREDIBILITY!!!
______________________________________________
I bought some more today. Here is the website of
the Atlas Power Generation Corp... that is planning
to use coal instead of lithium for electric batteries, etc.
https://atlaspowergeneration.ca/about-us
excerpt:
"We perfected a process to transform coal into energy storage, this instead of burning it. Our solution is made from the most mined, and cheapest mineral on the planet. It's time to use the trillions invested in coal mining to bring forward the clean energy future. In addition to coal our solution can also use other low value sources of carbon such as biomass & petroleum by-products for instance petroleum or bitumen coke."
Pennies! I am on your side! I thought
the Meeting sounded relatively upbeat.
It was some media that picked out
(albeit briefly from what I could find
on internet) the part that the Surety
Bond Agreement had not been signed yet.
The BTU CFO said hopefully signed before end of 2020.
____________________________________________________
Here is some of what I heard from the meeting:
Peabody Chief Financial Officer Mark Spurbeck said
the deal provides support for the company’s “long-standing commitment to reclamation.”
“We are grateful for the tremendous collaboration with our surety providers to reach a first-of-its-kind solution that offers a greater line of sight into Peabody’s future collateral requirements,” he said in a statement.
[ https://county17.com/2020/11/09/peabody-insurers-reach-first-of-its-kind-reclamation-deal/ ]
_______________________________________________________
Here is another brief synopsis of the meeting:
Peabody Energy reports Q3 cont ops EPS 66c, consensus 92c Reports Q3 revenue $671M, consensus $690.6M. "Peabody drove strong cost performance within our thermal segments during the Q3, including record-low PRB costs per ton," said President and CEO Glenn Kellow. "We have had a number of achievements across the portfolio and look to further build upon our progress as we tackle structural improvements within the seaborne met segment. In addition to our ongoing portfolio enhancements, we have been working to achieve specific financing objectives. While we have made progress, there is still more to do. Together, these actions are intended to provide a solid base to strengthen our financial and operating performance."
________________________________________________________
The ubiquitous reports on TDAmeritrade about
these lawsuits might be getting people's
attention and misunderstood. Today:
____________________________________
November 11, 2020
11:20 am ET
SHAREHOLDER ALERT: BTU CACC FAF: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
Accesswire
3:50 am ET
FILING DEADLINE--Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of BMRN, BTU, GOCO and NKLA
Globe Newswire
2:58 am ET
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Peabody Energy Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 27, 2020 - BTU
Newsfile
1:33 am ET
Peabody Deadline Alert
Newsfile
November 10, 2020
5:38 pm ET
11 Energy Stocks Moving In Tuesday's Intraday Session
Benzinga
4:45 pm ET
CLASS ACTION UPDATE for PT, BTU and TCMD: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Accesswire
4:00 pm ET
DEADLINE ALERT for BTU, PT, and TCMD: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders
Globe Newswire
3:16 pm ET
Stocks That Hit 52-Week Lows On Tuesday
Benzinga
11:20 a
ANYBODY? WHAT THE HECK was so sacred about .80/.85 cents? The
stock went straight to it and then traded massively [about 10 million shares]
in that range all the rest of the day.
By the way, it would appear that if BK is what caused this
debacle.. and actually does happen, it would just about have to
be Chapter 7, wherein it is all over. Period.
Why? They already used up their Chapter 11 three years ago.
"Debt/Equity and Bankruptcy"
excerpt:
If a company decides to declare bankruptcy, it has a choice between Chapter 7 and Chapter 11.
Under Chapter 7, all of the business's debts are eliminated, and the business no longer operates.
Your attached explanation says such a swap is
normally done during bankruptcy.
But nothing even close to intimating BK was
mentioned at the official Company Quarterly
Meeting yesterday.
As a matter of fact CFO was very upbeat about
their being close to a deal having BTU Surety
Bond debt covered with collateral to 2024.
But if the big shots discussed BK (which let's
hope they didn't) outside the meeting, I can see
how that could cause a large-volume stock price
collapse.
Please say it ain't so Joe!
PS
I think I remember you saying BTU has/had been doing a
stock buy back. So even if they gave the lender some
of the bought back stop, it should not result in
this bloodbath.
This is spooky. I know there aren't many folks on
this blog.
But not a word in the face of this debacle!!!!
Here or anywhere that I can find.
It defies imagination.
Although narrator, Taurus, did post early this morning
showing a possible pre-market gain. [How's that
working out.]
I did find out that the biggest share holder by far, Elliott
Invest, apparently has had 3 or 4 of his people on the Board
since early in year. [He must be down about $100 million on
paper from what his portfolio used to be back in the
$30/share days]
I just put sell order in for most of my shares.
$5.00 - all or none.
I will about break even.. after all this angst.
QUESTIONS AT MEETING: I did find it strange that none
of the 4 questioners at the BTU meeting yesterday
asked anything about:
1. The stock, nor
2. The massive list of lawsuits that have been
published daily for months.
The questions that were presented were basically of
insignificant consequence and innocuous.
Crickets
This never-ending stock plummet makes one wonder
about those company stock buyback plans.
They could pick up most of all the stock for peanuts.
.85 cents/share. Who could have dreamed of this.
Heck, shouldn't BTU president Kellow be buying to
show support.. with his $7 million salaries.
No mention of bankruptcy. Which they can't even do;
since already BKed just 3 years ago. Who is buying
into this massive selling!
NOT EVEN A DEAD CAT BOUNCE IN THIS NEVER-ENDING
STOCK PLUMMET!!!
Could this be an all-out attack from the Green
Movement? It would be a very cheap way to destroy
the hated coal at these penny prices of the stock.
It's just plain weird to believe that nobody wants
to buy BTU a these stock prices.
Pennies - BTU sub dollar. What the heck is happening?
Nothing at the conference call yesterday but relatively good news.
They said Surety Bonds were being set up all the way to 2024.
I bought some more today. Here is the website of
the Atlas Power Generation Corp... that is planning
to use coal instead of lithium for electric batteries.
https://atlaspowergeneration.ca/about-us
excerpt:
"We perfected a process to transform coal into energy storage, this instead of burning it. Our solution is made from the most mined, and cheapest mineral on the planet. It's time to use the trillions invested in coal mining to bring forward the clean energy future. In addition to coal our solution can also use other low value sources of carbon such as biomass & petroleum by-products for instance petroleum or bitumen coke."
BTU/Coal versus company value:
BTU owns 3.6 billion tons of proven and probable coal reserves.
Thus the value of BTU's proven coal at just $50/ton is
$180,000,000,000 $Billion.
It's just a factor of finding enough uses and buyers of the coal.
[natural gas extremely low prices are working a true hardship on coal prices as well as other types of energy sources.
This sounds pretty good compared to some media "words".
Peabody reported a Q3 GAAP loss of $0.69/share vs. a $0.81 loss in the same period last year with a 39% Y/Y revenue decline to $671M, but adjusted EBITDA of $95.4M easily topped expectations and cash holdings rose 7.3% Y/Y to $814M.
INTERESTING REPORT ABOUT NEW USE FOR COAL AS BATTERY
MATERIAL INSTEAD OF LITHIUM.
____________________________________________________________
I wanted to give some personal and business insight into Peabody Energy and the thermal coal sector in general.
For full disclosure I have acquired a sizable position in this and other coal companies.
Our company Atlas Power Generation Inc., has been developing a cutting edge energy storage technology for almost the decade. We have developed a hybrid battery otherwise known as a supercapacitor (SC) with our main carbon precursor material being thermal coal. If you don't know what a supercapacitor (SC) is look into it, they will be the energy storage technology of the future.
What is really exciting about our work is that we have reached energy densities of 36Wh/Kg or about 4 times less energy dense than lithium-ion batteries, which doesn't sound impressive but it is groundbreaking, and offers a paradigm shift. To give you perspective all other major SC manufacturers are at or below 10Wh/Kg. Also because we have developed our own refining process we can use low grade carbon (coal) and turn it literally into an ultra-high grade electrode material and produce our SC's for 1/8th the cost.
The reason I am sharing this is to let the investors of Peabody and other coal miners know that the breakthroughs we have made are extremely exciting and bode very well for this sector. Taking a statement from probably the world's #1 expert in batteries Elon Musk; for energy storage and EV's, we have currently only tapped 0.1% of this market.
The future for thermal coal isn't in power generation, its making hybrid batteries.
Mitch Miller
CEO Atlas Power Generation Inc.
Boss and CFO talked and answered questions.
Important Surety Bond deal with money people
close to finalization.
Expecting coal to still be viable for long term..
and looking for increase in sales and (hopeful)
profits 2021 to 2024.
I'm listening. It was very easy to sign on. Took
30 seconds. The boss is talking now.
BTU report from HQTRS: Peabody Energy Corp. to Host Earnings Call
9:15 am ET November 9, 2020.
IS ANYBODY GOING TO TUNE IN?
NEW YORK, NY - November 9, 2020 / Peabody Energy Corp. (NYSE:BTU) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 9, 2020 at 11:00 AM Eastern Time.
To listen to the event live or access a replay of the call - visit https://www.investornetwork.com/event/presentation/71074
To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company's profile.
BTU? Might not be much going on until ..
somebody buys BTU out for a measly $billion.
That's chump change for dozens of money-losing
electric car companies that need coal for their
cars to operate.
BTU has massive amounts of coal: "As of December 31, 2019, Peabody owned interests in
21 coal mining operations located in the United States and Australia; and
had approximately 3.6 billion tons of proven and probable coal reserves and
approximately 500,000 acres of surface property through ownership and lease agreements."
_______________________________________________________
Coal Commodities:
https://tradingeconomics.com/commodity/coal
(Nov, 2020 - $60/ton)
Thus the value of BTU's proven coal at just $50/ton is
$180,000,000,000 $Billion)
BTU THIRD QUARTER "EARNINGS" report before market
opens tomorrow.
Consensus forecast is about a (loss)of -.81 cents/share.
And lower revenue.
PS
At last count BTU has (at today's prices)$180,000,000,000
worth of coal ownership.
PERFECT STORM MONDAY MORNING. Earnings..
1. Earnings Report with prediction of loss.
2. And a new president whose party hates coal.
Will Peabody ever catch a break?
Brake?
I totally agree. But I worry about the dems
getting into power. It's looking more and
more like the Supreme Court might be the
last chance.
PS
For every stock seller there is a buyer.
Let's hope the buyers' courage and Patriotism
pays off on Monday morning with a surprise
BTU earning report.
Thank you too Pennies.. for words of wisdom..
that you verify with facts.
Merth - Great words to live and believe by.
PS
Moderation is a virtue.
BTU "earnings" report. Monday (11/9) before Market open.
Here is a report/forecast (3rd quarter ending Sept):
https://www.nasdaq.com/market-activity/stocks/btu/earnings
Estimates at -(minus).86/share.
PS
The run up to the announcement does not seem
to portend any sort of pleasant surprise on
Monday morning.
IF THERE WASN'T ANY COAL, we wouldn't be able
to argue here.
Nopitee nope and not at all.
There would SUDDENLY be a huge energy vacuum
that would devastate almost everything.
Except Berkenstocks and tofu.
BTU COAL OWNERSHIP-VALUE: "As of December 31, 2019, Peabody owned interests in
21 coal mining operations located in the United States and Australia; and
had approximately 3.6 billion tons of proven and probable coal reserves and
approximately 500,000 acres of surface property through ownership and lease agreements."
_______________________________________________________
Coal Commodities:
https://tradingeconomics.com/commodity/coal
(Nov, 2020 - $60/ton)
Thus the value of BTU's proven coal at just $50/ton is
$180,000,000,000 ($Billion)
Merth - I assume Project K was also stopped by
do-gooder nefarious-ism.
The powerful greenees place so many bizarre restrictions
on mother-earth coal projects that it ends up costing
the coal company(s) too much money implementing to
make a profit.
Thus the attacks on the stocks.
MERTH - "expanding new uses for coal". And BTU
has the most proven coal supply of any company in
America.. maybe in the world.