Peabody Energy Corporation (BTU): Positive article about coal demand today...

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Peabody Energy Corporation (BTU)

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Thursday, 03/24/2016 12:50:37 PM

Thursday, March 24, 2016 12:50:37 PM

Positive article about coal demand today

It looks like the jump is on a positive articles about demand for coal rising in Vietnam, plus another positive article elsewhere about the Philippines.

The only problem is that this year looks like at most maybe another 10MM metric tons; and the prices range from $9/mt to $38/mt, depending on the kind of coal bought.

I also ran across an article about a large coal producer in Poland that is getting a government support in order to stay in business.

While I think this all helps in the long term, like years, it does not look like enough help to stop BTU from filing on April 15, 2016 for Chapter 11.

Bright News In Dark Times For The Coal Sector:
https://finance.yahoo.com/news/bright-news-dark-times-coal-171218434.html

orget China And India… This Nation Could Change Global Coal
http://piercepoints.com/mining-energy-investment-coal-philippines-india-china-demand-power/

Poland to buy coal from stockpiles to help mines -PM (from Dec 2015):
http://www.reuters.com/article/poland-coal-idUSL8N13T2YO20151204

Louis J. Desy Jr.

Disclosure: I own BTU put options.

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