Foresight Energy LP (fka FELPQ)

[Btown]

Must Read!!!! Here you all go

This is all the information you need taken out of Murray's year end that is in the Bankruptcy filings and explains Foresight's 2019 earnings the projections for 2020 , Murray's relationship with Foresight, Foresight's debt and who they owe to and the negotiations plans with the creditors. Its everything and more, and if the negotiations go well it will benefit all equity holders because they are highly suggesting a consensual restructuring transaction out of court. The best DD is in this packet.

Page 37 is Foresight's info

2019-19.9M tones mined
2020- estimated 18.4M tones mined but good thing is they are closing the Macoupin mine 1st quarter of 2020 which is losing money and only producing 1.7M tones in 2019 but having problems with the quality of coal so this is a huge win in my opinion

2019 EBITDA- 150 Million
2020 EBITDA- Estimated 188 Million

2020- Estimated Revenues 1,003,500,000

They are asking for extra financing for Hillsboro mine because it has huge capacity and lowest cost mine and makes money $$$$$

They extended the 2 Note Holders of 24 Million from October until March
but it looks like the interest payment of 15 Million due in February was what the 8K was for which is fine they're negotiating the interest with them but the Note holders were still good on!

HUGE POTENTIAL HERE


http://murrayenergycorp.com/wp-content/uploads/2020/02/MEC-REVISED-FINAL-February-25-Cleansing-Document-Combined.pdf