Foresight Energy LP (fka FELPQ)

[StockRoomBully]

Metallurgical Demand for steel making no brainer

This comp not done only the beginning..

"Murray Energy adds met coal to growing footprint with $265M bankruptcy sale bid"

Murray formed an unrestricted subsidiary company, Murray Metallurgical Holdings LLC, to acquire and operate the Mission Assets with Javelin. Murray Metallurgical will be 79% held by Murray Energy and 21% owned by Javelin. The new company is acquiring substantially all of the assets of the three mining complexes for a total consideration of $264.7 million and the assumption of about $70 million in reclamation liabilities, according to a filing in the U.S. Bankruptcy Court for the Northern District of Alabama.

NewCo going to be the wininng bidder imo