Peabody Energy Corporation (BTU): Michael, can I ask you a question? I...

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Re: Michael-Goode post# 1754

Tuesday, 04/04/2017 4:02:12 PM

Tuesday, April 04, 2017 4:02:12 PM

Michael, can I ask you a question?

I've often wondered what happens in the situation you describe. Knowing this delay occurs, is it better to cover the day before cancellation or better to effectively "cover" at 0 when it's finally cancelled?

Obviously, covering at .38 is worse than 0.00, but I wonder if it's worth the carrying costs of what can take weeks or months?

TIA.

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