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Peabody Energy - Die letzten 30 Beiträge

ISIN: US7045492037 | WKN: A140KZ
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-0,132 EUR

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Antwort auf Beitrag Nr.: 51.905.937 von destresseddebt am 04.03.16 17:32:31jeztzt wieder bei 14% :laugh:
Antwort auf Beitrag Nr.: 52.116.363 von R-BgO am 05.04.16 00:21:28
"Sie haben Ihr Ziel erreicht":
April 13, 2016


 Peabody Energy Corporation and majority of U.S. entities file for voluntary Chapter 11 protection
 Operations expected to continue in ordinary course of business; Australian platform not part of filing
 Action targeted toward significant debt reduction and improvement in fixed charges
 Comprehensive approach intended to reposition company for long term success
 Secured/unsecured lender group led by Citigroup to provide $800 million in debtor-in-
possession financing

ST. LOUIS, April 13 –

Taking a major step to strengthen liquidity and reduce debt amid an unprecedented industry downturn, Peabody Energy Corporation (NYSE: BTU) today voluntarily filed petitions under Chapter 11 for the majority of its U.S. entities in the United States Bankruptcy Court for the Eastern District of Missouri. Through this process, the company intends to reduce its overall debt level, lower fixed charges, improve operating cash flow and position the company for long-term success, while continuing to operate under the protection of the court process.

All of the company’s mines and offices are continuing to operate in the ordinary course of business and are expected to continue doing so for the duration of the process. No Australian entities are included in the filings, and Australian operations are continuing as usual.

“This was a difficult decision, but it is the right path forward for Peabody. We begin today to build a highly successful global leader for tomorrow,” said Peabody President and Chief Executive Officer Glenn Kellow. “Through today’s action, we will seek an in-court solution to Peabody’s substantial debt burden amid a historically challenged industry backdrop.

This process enables us to strengthen liquidity and reduce debt, build upon the significant operational achievements we’ve made in recent years and lay the foundation for long-term stability and success in the future.”

In connection with the process, Peabody has obtained $800 million in debtor-in- possession financing facilities, which were arranged by Citigroup and include participation of a number of the company’s secured lenders and unsecured noteholders. The facilities include a $500 million term loan, a $200 million bonding accommodation facility and a cash collateralized $100 million letter of credit facility, and are subject to court approval as well as limitations as set out in the company’s filings. In addition to the company’s existing cash position, Peabody believes that it has sufficient liquidity to operate its business worldwide post-petition and to continue the flow of goods and services to its customers in the ordinary course.

Peabody also announced today that the planned sale of the company’s New Mexico and Colorado assets was terminated after the buyer was unable to complete the transaction.

The factors affecting the global coal industry in recent years have been unprecedented. Industry pressures in recent years include a dramatic drop in the price of metallurgical coal, weakness in the Chinese economy, overproduction of domestic shale gas and ongoing regulatory challenges.

Still, multiple third-party estimates project that both the U.S. and global coal demand will stabilize. U.S. gas prices are projected to rebound from recent lows. Globally, thermal coal is expected to continue to fuel hundreds of existing coal generating plants as well as scores more that are under construction. Coal currently fuels approximately 40 percent of global electricity and is expected to be an essential source of global electricity generation and steel making for many decades to come.

“A company like Peabody with safe, efficient operations will be well positioned to serve coal demand that will continue in the United States and around the world,” said Kellow. “We are a leading producer and reserve holder in our core regions of the Powder River Basin, Illinois Basin and Australia. Peabody has a new management team, outstanding workforce, unmatched asset base and strong underlying operational performance that represent a key driver in the company’s future success.”

In 2015, all of Peabody’s U.S. operations were cash-flow positive, the Australian platform earned more than the prior year despite lower prices for coal and the company's administrative expenses and capital investments were at the lowest levels in nearly a decade.

Kellow noted that, throughout this process, the company will continue to be guided by its mission and values that include safety, customer focus, leadership, people, excellence, integrity and sustainability. The company also continues to take aggressive steps to improve the business with actions consistent with its core priorities in the operational, financial and portfolio areas.

This process does not change Peabody’s approach toward best practices in mining and its focus on sustainability to create high-quality land restoration for generations that follow. The company sees its land restoration as an essential part of the mining process, takes great pride in the work it does and has been consistently recognized for these programs. In addition, Peabody intends to continue to work with the applicable state governments and federal agencies to meet its reclamation obligations.

Peabody has filed pleadings, referred to as “first day” motions, with the U.S. Bankruptcy Court. These motions are expected to enable the company to continue, among other things, paying employee wages and providing healthcare and other benefits without interruption.

Also, as required under New York Stock Exchange regulations, trading in shares of the company stock on the NYSE is expected to be suspended immediately.
Mann was ist den mit dem großen Kohleförderer los....leider kenn ich mich zu wenig mit amerikanischen Gesetzen aus jedoch könnte man mit den Bonds und der Aktie viel Geld machen wenn alles gut ausgeht...
super Seite Danke

übrigens Bonds handeln bei ca. 5-6% was zeigt wie heiss aber der Trade ist

Antwort auf Beitrag Nr.: 51.905.208 von destresseddebt am 04.03.16 16:46:19
Zitat von destresseddebt:
Zitat von seniortrader: Das schöne ist ja, dass über ein Drittel der floating shares short gehalten wird. Und eine Firma die täglich mehrmals in die Pleite geredet wird, kann sich halt auch mal verzehnfachen, wenn der Wind dreht. Und dann fließt halt gewaltig Blut. Mal sehen, wie das ausgeht......

nochmals 7 % plus heute,
woher weisst du das, dass 30% shorts draussen sind?

Antwort auf Beitrag Nr.: 51.902.475 von seniortrader am 04.03.16 13:29:53
Zitat von seniortrader: Das schöne ist ja, dass über ein Drittel der floating shares short gehalten wird. Und eine Firma die täglich mehrmals in die Pleite geredet wird, kann sich halt auch mal verzehnfachen, wenn der Wind dreht. Und dann fließt halt gewaltig Blut. Mal sehen, wie das ausgeht......

nochmals 7 % plus heute,
woher weisst du das, dass 30% shorts draussen sind?
Antwort auf Beitrag Nr.: 51.899.463 von destresseddebt am 04.03.16 09:36:19Das schöne ist ja, dass über ein Drittel der floating shares short gehalten wird. Und eine Firma die täglich mehrmals in die Pleite geredet wird, kann sich halt auch mal verzehnfachen, wenn der Wind dreht. Und dann fließt halt gewaltig Blut. Mal sehen, wie das ausgeht......
vielleichtr aber eher die bonds:


Why Peabody Energy's Senior Creditors Are Trying To Steal The Company

Mar. 3, 2016 2:35 PM ET
About: Peabody Energy Corporation (BTU), Includes: COG, NGLOY

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•I share the quarterly production of the top forty U.S. natural gas producers.

•I share the cash flow (or lack thereof) of the top forty U.S. natural gas producers.

•I poignantly point out that Cabot Oil and Gas has a higher enterprise value than the entire U.S. coal industry and yet, Cabot controls 2% of U.S. natural gas production.

I'm writing another update where I share a great deal of quantitative research that I compiled. As a frustrated Peabody Energy (NYSE:BTU) bondholder, I am writing to share my theory as to why some of Peabody Energy's first lien creditors, notably Franklin Templeton as we learned on March 1, 2016 from Bloomberg, are pushing for Peabody to file chapter 11. My view is it is very straightforward - Senior creditors want to steal the company from the 2nd Lien creditors and unsecured creditors.

If the 1st Lien term loan holders and now newly minted first lien creditors, after Peabody tapped its revolver in early February 2016, can persuade a bankruptcy judge to value Peabody at a low multiple to trough EBITDA (during the worst coal cycle in decades), of say 3 to 5 times, then effectively they would control one hundred percent of the company post bankruptcy and unencumbered by the $4.5 billion (face value) of unsecured debt and $1 billion 2nd Lien secured debt (face value).

Unfortunately, I'm am not close enough to the situation as I haven't worked on a fixed income trading desk since 2011 and I have no access to Peabody's management team to glean a better sense of how negotiations with creditors are progressing. That said, what is ironic is that over the past month, the equity of major commodity producers have rallied substantially [see Teck Resources (NYSE:TCK), BHP Billiton (NYSE:BHP), Glencore (OTCPK:GLNCY), Anglo American (OTCPK:NGLOY), Freeport-McMoRan (NYSE:FCX) and Vale (NYSE:VALE)]. More recently and more relevant to Peabody there has been a stealth rally taking place in the pure play natural gas names.

Please allow me to walk the jury through my thought process as I am in a state of cognitive dissonance. Specifically, I can't for the logical life of me work out how the collective natural gas-centric enterprise values of U.S. producers is upwards of 20 to 50 times plus the collective market values of the entire U.S. coal industry. And yes, I have dug into the weeds to appreciate the nuances that electricity demand only accounts for approximately 33% of total natural gas demand (when prices are low like the present day).

Exhibit A

Enclosed below is the forward curve for natural gas as of this morning, March 3, 2016, compliments of the CME Group. As the readers can clearly see, spot prices are currently $1.70 mm/Btu and speculators have priced summer natural gas at less than $2.10 mm/Btu. For perspective, PV-10 accounting is a very popular valuation metric that is disclosed by many oil and gas companies within their annual reports.

In 2015, the input price for natural gas valuations was $2.63 mm/Btu and oil was in the mid $50s. This is down sharply from 2014 when natural gas was $4.35 mm/Btu and oil was $95 per barrel. Fast forward to today and natural gas has averaged roughly $2 mm/Btu YTD 2016. Notwithstanding PowerPoint slides, no one is making money in the natural gas industry at $2 mm/Btu (I have the data within this write up to prove it).

So I find it puzzling that Cabot Gas (NYSE:COG) and EQT (NYSE:EQT) both essentially pure play natural gas players were able to raise substantial equity capital in recent weeks. Cabot raised $1 billion by selling 50 million shares at $20 and EQT raised approximately $450 million if underwriters end up exercising their overallotment option. I find it puzzling with a $1.70 mm/Btu natural gas backdrop that investors were willing to pony up $1 billion, bringing COG's enterprise value to north of $11 billion in this environment.

If we were to value Peabody Energy's first lien debt at $0.40 on the dollar to reflect where the term loan debt is trading, $0.05 on the dollar for the second lien debt and $0.03 on the dollar for the unsecured debt, and $50 million for its equity, Peabody's collective market to market valuation is currently approximately $1 billion (backing out Peabody's net cash).

For perspective, Cabot produced 1.5 Bcf/d of natural gas or approximately 2% of U.S. production (using an industry wide figure of 73 Bcf/d). Incidentally, Cabot generated negative free cash flow in 2015 when prices averaged $2.63 Bcf. Yes, I get it that the basins where Cabot operates in had lower realized prices. However, a company with 2% market share lives in the same world where natural gas prices are $1.70 mm/Btu as does Peabody Energy. I have to suspend my disbelief and natural gas investors are wearing rosy colored glasses.

Source: CME Group

Exhibit B

We all know that natural gas inventories sit at close to record levels for this time of year. They are about equal to 2012 levels as we can see below. We all know that this winter was abnormally warm given the severe El Nino weather patterns, DUC wells got connected in Q4 2015 in the Marcellus region, and many producers were optimistic they would get lucky and get a cold winter. By the way, it is my understanding, dry natural gas wells can be temporarily shut in without risking permanently impairing the wells.

Exhibit C

Next, let's look at natural gas burn rates using EIA data. Clearly, utility owners that operate a diverse fleet of generation have shifted as much generation as possible towards natural gas given the lowest prices in 20 years.

Electric Burn Rate Data (Source: EIA)

Exhibit D

Extremely low prices tend to create less incentive for producers to increase natural gas production and eventually (especially in the face of steady demand) when inventories realign we know what happens to prices. Incidentally, look at the sharp natural gas price recovery in Q4 2012 and throughout 2013 after producers' balanced supply with demand. I find it ironic that equity investors are optimistic about natural gas prices rebounding smartly and have somewhat priced equities accordingly, yet the market is pricing coal as if natural gas will be $2 mm/Btu forever. You can't have it both ways.

Natural Gas Prices (2012 - 2015) (Source: EIA)

Exhibit E

Next, let's look at how natural gas demand has grown 5 Bcf/d from 2012 to 2015. Clearly, higher natural power burn has been a driver, but overall, the demand story is compelling. I am not even going to get into the demand growth driven by natural gas export pipelines to Mexico now about 3 Bcf/d and Cheniere's (NYSEMKT:LNG) LNG exports slowly ramping up.

Natural Gas Consumption by segment (Source: EIA)

Exhibit F

Top 40 Natural Gas Producers

Enclosed below, here are the quarterly production levels for the top forty U.S. producers. In aggregate, the top forty producers reported production that has been relatively stable. However, the devil is in the details and outside of the Marcellus and Utica regions, we aren't witnessing material production growth. This information is up for debate, but I would argue that production is flat lining and then peaking.

Moreover, if you look at the sharp declines in natural gas rigs counts and significant FY16 CAPEX cuts, it doesn't take a rocket scientist to work out that natural production could easily decline 5% to 10% towards the back half of 2016. By the way, there still isn't enough takeaway capacity in the Northeast and the New York environmentalists are fighting to block trunk lines from running through New York.

Exhibit G

Lastly, look at the mostly cumulative cash flow burn of the top 40 natural gas producers. Dividends are sacrosanct, so the majors would prefer to maintain dividends (or cut them less) and therefore we have witnessed major FY16 CAPEX cut announcements. Notwithstanding the major integrated names, the cash flow generation of non-majors has been abysmal. Moreover, many of these producers benefited from well time hedges in 2015, which masked sharply deteriorating cash flow burn rates. Again, outside of PowerPoint slides decks, most shale players don't generate any free cash flow (on an all in sustaining basis) when prices are this low.

Oil and Gas CAPEX

Concluding Thoughts

It is crystal clear to me that the cumulative industry wide mark to market enterprise value of the U.S. coal industry is incredibly undervalued relative to the natural gas universe adjusted for its mark to market enterprise values. How can Cabot Oil and Gas have an enterprise value that far exceeds the cumulative value of the entire U.S. coal industry? Remember, Cabot only control 2% of the U.S. natural gas production.

Take a step back, of course, the unscrupulous 1st lien Peabody Energy creditors want to steal the company from other creditors and equity holders. The severe panic driven by the lowest natural gas prices in twenty years, the threat of the 2017 Supreme Court's interpretation of the Clean Power Plan, and lobbying of well-funded environmental groups to ensnare coal companies in bankruptcy have created this moment.

As an unsecured bondholder, I can only hope that Peabody's management will fight tooth and nail to keep Peabody out of bankruptcy. Clearly, if the equity and debt markets are forward-looking discounting machines then they are implicitly forecasting natural gas prices to normalize to the $2.75 mm/Btu-$3 mm/Btu. Otherwise, the cumulative universe of pure play natural gas producers are incredibly overvalued. Which one is it?

Disclosure: I am/we are long PEABODY UNSECURED BONDS.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks
heute hat Arch Coal Insolvenzantrag gestellt;
mal sehen, ob und wann Peabody nachzieht...
15:1 reverse-split umgesetzt, bin mit meinem Erinnerungsstück rausgeflogen
New Study: We’re Nowhere Near Peak Coal Use In China And India
Posted By: Frank HolmesPosted date: September 16, 2015 02:24:17 PMIn: BusinessNo Comments

New Study: We're Nowhere Near Peak Coal Use In China And India by Frank Holmes

Resource investors, take note: By 2025, just 10 years from now, energy consumption in Asia will increase a whopping 31 percent. A whole two-thirds of that demand, driven largely by China and India, will be for fossil fuels, most notably coal.

That’s according to a new research piece by financial services group Macquarie, which writes that the estimated rise in fossil fuel demand is equivalent of “three times Saudi Arabia’s current (all-time-high) oil production.”

Macquarie’s research is in line with BP’s “Energy Outlook 2035,” released earlier this year, which predicts that more than half of the world’s energy consumption will come from China and India by the year 2035.

Many readers might approach this news with a healthy dose of skepticism. Haven’t we been told that fossil fuels are falling out of favor? Aren’t governments placing caps on coal use to appease environmentalists and climate change crusaders?

It’s true that coal demand in China has declined a huge 6 percent so far in 2015, the result of anti-air pollution laws that temporarily restricted not just coal use but also factory operations and the amount of driving you can do. Last month I shared a striking photo of a man cycling through Beijing, a brilliant blue sky overhead—something I’ve personally never seen in my 25 years of visiting the city. As most people know, Beijing is notorious for its noxious yellow haze, and the government has been pressured lately to act. In Shanghai, authorities plan to close and relocate 150 factories in preparation for the proposed Shanghai Disneyland, the thinking being that the “Happiest Place on Earth” must have clear blue skies.

I think we all agree that clean air is preferable to smog, but there needs to be a balanced approach to environmental policy that’s also business-friendly.

“Coal producers within China are definitely facing a consistent push by the government for clean energy,” says Xian Liang, portfolio manager of our China Region Fund (USCOX).

To get a better sense of the biblical quantity of raw materials China currently consumes, check out this infographic courtesy of Visual Capitalist.

Can India Pick Up China’s Slack?

Today, China and India collectively consume about 60 percent of all coal produced in the world. In absolute terms, consumption is expected to continue expanding as their populations balloon and the energy-thirsty middle class expands. In other words, as the energy pie gets much bigger, each slice should likewise grow.

By 2025, Macquarie writes, coal will still play a dominant role in China’s energy mix.

It’s possible that if China’s coal consumption dramatically declines, India will be there to fill the hole. Macquarie estimates that by 2025, India’s energy demand will rise 71 percent, with coal taking the lead among oil, gas, hydro, nuclear and others. The south Asian country is already the second-largest importer of thermal coal, and it might very well surpass China in the coming years. Macquarie writes:

Although all energy use will rise [in India], coal is the major theme as consumption and local production are both set to almost double by 2025 on the back of large-scale coal power plant construction plans.

The group adds that, unlike China, India has no present interest in reigning in its use of coal. Most emerging markets, India included, recognize that coal is an extremely affordable and reliable source of energy, necessary to drive economic growth.

Even if these predictions don’t come to fruition, the consensus is that we haven’t yet seen peak coal use in Asia. Estimates vary depending on the agency, but everyone seems to agree that demand in the medium-term will rise before it retreats. A 2014 MIT study even suggests that Chinese coal consumption could rise more than 70 percent between 2012 and 2040.

Follow the Smart Money Money
With prices at multi-year lows and coal producers under pressure, some big name investors have used this as an opportunity to accumulate shares in depressed stocks. Recently I shared with you that influential billionaire investor George Soros just took a $2-million position in coal producers Peabody Energy and Arch Coal.

Maybe he’s on to something, if Macquarie’s research turns out to be accurate.

No one can deny that fossil fuels, and coal in particular, face many headwinds right now, including government policies intended to limit their use. The strong U.S. dollar has created havoc for commodities such as oil and coal, just as it has for American companies with business activities in foreign countries. And with many central banks around the globe continuing to devalue their currencies against the dollar, a strong greenback might be the “new normal” for a while.

Also like oil, coal is facing oversupply issues, as producers had not anticipated a slowdown in emerging markets.

But there and elsewhere, coal will continue to play a vital role in providing affordable, reliable energy for decades to come.

Der rasante Anstiegt vor Wochen erscheint nun wie ein böser Push. Eine Investmentbank als Berater und ein Gross-Spekulant angeblich investiert, schon 100% Kursgewinn. Nun, wir sind wieder am Startpunkt zurück. Gehe davon aus, dass 1 USD getestet wird.

Bei Erholung der Ölpreises ist Peabody wie ein Optionsschein!!!
Liege auf der Lauer.

Der Wert steckt im Wikifolio Peakoil OGC:

Arch coal schon über 10$ da bin etwas zu früh raus aber hier passiert mir das nicht nochmal.
Hoffe wir schaffen endlich den Sprung über 2,70$ sonst verlieren gleich wieder alle die Geduld und nehmen Gewinne mit,
Antwort auf Beitrag Nr.: 50.524.131 von keusix am 31.08.15 13:08:01
Ach mit 20 Stücke auf 2,70 gezogen
Wir sollten uns nicht von der vorbörse verleiten lassen.
Letze Woche ist Arch coal vorbörslich 35% abgesackt und hat das im regulieren Handel innerhalb 10 min wieder ausgeglichen.
Mein Ziel diese Woche 5$ das wird aber sehr turbulent.
Antwort auf Beitrag Nr.: 50.520.198 von Edison09 am 30.08.15 18:43:41gerade über jandaya.de gelaufen:

Hot Stocks/Gewinner (vorbörslich): Peabody Energy +12,97% bei $2,70 - Restrukturierung der milliardenschweren Verbindlichkeiten
Peabody Energy Corporation 22:03:43 2,39 $ 4,82%
vor 18 Min (12:46) - Echtzeitnachricht

mal schauen was der tag so bringt
Bin heute von Arch coal mit über 200% plus raus und habe mein Gewinn nun hier investiert. bin mir sicher das die auch so ein run machen wird.Das Volumen war heute Gigantisch der dicke Order mit über 650.000 Stk zu 2,29$ wurde beseitigt ein Kauforder mit 50.000 Stk folgte die letzen 20min totale kaufpanik.morgen geht die Party weiter mein Ziel morgen 3,20$:€))))
Squeeeeeeze! :cool:

Here's What's Fueling Peabody Energy Corporation's 40% Surge Today

Worries of a possible bankruptcy at Peabody Energy Corporation seem to be fading.

What: Shares of Peabody Energy Corporation (NYSE:BTU) rocketed higher in early morning trading, up more than 40% by midmorning. Fueling today's rise is a report that it's hired a bank to help restructure its debt, and a whole lot of short covering.

So what: Yesterday afternoon, Bloomberg reported that Peabody Energy had hired investment bank Lazard to advise the company on how it should restructure its $6.3 billion in debt. It's a restructuring that would be handled outside of bankruptcy, according to the report. The report also said that the company is talking with creditors on ways to cut its debt, including debt-for-equity swaps or convertible notes.

With bankruptcy seemingly off the table, at least for now, short-sellers are scurrying for the exits. With 34.5% of the company's outstanding shares sold short, this run to the exit is leading to a lot of buying, which is sending shares skyrocketing.

Now what: Peabody isn't out of the woods just yet. The company has a mountain of debt to still overcome, and any debt-for-equity swaps could lead to some serious dilution for current investors. Furthermore, the coal market isn't yet showing any signs of healing. Investors really should just watch this one from the sidelines, as Peabody's stock will likely continue to be very, very volatile and could still end up stopping at zero before all is said and done.
Wie gesagt: it's not over yet: :cool:

Peabody Energy Corporation (BTU), Arch Coal Inc (ACI) Stocks Up On Chinese Confusion

Confusion over China’s calculation of carbon emissions has sent coal stocks soaring today, while coal prices are still low

By: Micheal Kaufman
Published: Aug 20, 2015 at 12:51 pm EST

Coal stocks in the US are soaring today after a research report pointed out that calculation of China’s carbon emissions may be incorrect.

China accounted for around 70% of growth in carbon emissions globally, from producing cement and burning fuels, during 2010 and 2012. The current formula uses a global average for the carbon content in coal. However, testing the type of coal used in China, scientists found out that it produces 40% lower carbon emissions than previously believed. Tests were run on 602 coal samples while carbon content from more than 4,000 mines was considered as part of the study. Emission factors were found to be 40% lower, on average, than the values used by the Intergovernmental Panel on Climate Change (IPCC).

Coal in China contains relatively higher ash, lowering the carbon content ratio. It results in lower environmentally-harmful carbon emissions. During the period 2000 to 2013, China’s carbon emissions were overestimated by nearly three gigatons, according to the research. Miscalculations account for 10% of global carbon emissions in 2013, the study points out.

Carbon emissions and its role in climate change have shifted public opinion in favor of natural gas, as the preferred resource for electricity generation. In addition, weak demand from China has also weighed down on coal prices, adding to the US coal industry’s views.

Investors of coal stocks have received the possibility of overestimated Chinese carbon emissions positively, sending coal stocks significantly higher in today’s trading session. Arch Coal Inc. (NYSE:ACI), a US coal miner, traded as high as $3.87 today, marking a gain of over 60%. The stock is currently trading 40% higher at $3.19, as of 12:07 PM EDT.

Investors of Peabody Energy Corporation (NYSE:BTU), the largest US coal producer, are also having a field day as the stock is currently trading 25% higher at $1.75, as of 12:08 PM EDT.

The upward ticks in coal stocks come after George Soros, a billionaire investor, revealed a stake in Arch Coal and Peabody Energy in a securities filing on August 14.

Quelle: Bidness ETC
Antwort auf Beitrag Nr.: 50.437.809 von DomRuinart am 19.08.15 18:53:59Jetzt gehts aber mal richtig ab nach oben. 35% short interest. Das tut weh:(
Die Messe ist noch nicht gelesen...:cool:

Billionaire George Soros warms up to coal as stock prices hit bottom

By Malia Zimmerman
Published August 19, 2015

Billionaire investor George Soros, who has demonized fossil fuels for years through his think tanks and political contributions, seems to have warmed up to Big Coal now that stocks are dirt cheap.

The left-wing hedge fund legend has raised eyebrows with major purchases of stock in two large coal companies, firms his critics say he helped bring to their knees. While buying low is the hallmark of any shrewd investor, buying coal goes against the political and environmental ideology Soros has long espoused.

“I find it very interesting that George Soros would buy shares in those coal companies,” said Daniel Simmons, vice president for Policy at the Washington DC-based free market energy group, Institute for Energy Research. “I am confused given the non profits he funds and how hard they have worked to demonize coal.”

Soros, whose Climate Policy Initiative think tank recently urged the world to stop using fossil fuels in general and coal in particular, snapped up 1 million shares of Peabody Energy and half a million shares of Arch Coal, giving him significant stakes in what’s left of the U.S. coal industry.

The trades would have cost Soros a lot more six years ago, when Peabody, which trades under the symbol BTU, was at about $90 a share. Under the Obama administration, which has punished the coal industry with costly mandates and regulation, Peabody shares have fallen to around $1.

Neither Soros nor his New York-based investment firm, Soros Fund Management, would comment on the coal play, citing a longstanding policy of not discussing investments.

The 85-year-old hedge fund manager has a net worth of $24.2 billion, according to Forbes.com, which makes him the 19th wealthiest person in U.S. and second among hedge fund managers.

The most recent filing shows Soros Fund Management holds stakes in 263 companies with a total value of nearly $11 billion.

The filing shows the purchases of 553,200 shares of Arch Coal for $188,000 and an investment of $2,254,000 into Peabody Energy for 1,029,400 shares, which means he’s lost money on both so far. Peabody, the biggest coal producer in the U.S. by output, said in a recent statement that it “has been trying to turn itself around as it faces challenges from low natural-gas prices, a glut of global coal supplies, weakened demand from China and a growing public call to cut carbon emissions.”

Soros Fund Management previously held $234 million in shares in the coal producing company, CONSOL Energy, but sold the shares over the last year, according to SNL.com.

Free market energy experts note Soros has invested more than a billion dollars into think tanks, lobbyists, political action committees and politicians who have pushed for regulations that have nearly destroyed the coal industry, in favor of so called “clean energy.”

Soros invested $1 billion in clean energy technology beginning in 2009, according to Bloomberg News. He also founded the Climate Policy Initiative, a San Francisco-based organization, in which he is investing $100 million over a decade, Bloomberg News reports. Among its partners is the UK Department of Energy & Climate Change, the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety, and the U.S. Department of State. The Climate Policy Initiative released a report last year suggesting the world should transition away from coal.

Soros' Open Society Foundations, which has assets of $1.5 million, according to its most recent IRS 990 tax form, claims over the last three decades expenditures of $12 billion.

Soros was convicted in a French court in 2009 of insider trading, which cost him the equivalent of $2.5 million in fines. That was the amount French prosecutors claimed he made 14 years ago after investing, allegedly with insider knowledge, in the French bank Société Générale - a charge Soros denied.

FECINfo.com, the Political Moneyline database of Federal Election Commission records for donations that George Soros made during the 2012, 2014, and 2016 election cycles, shows 139 records for more than $8.8 million.

In 2015, he made two contributions of $1 million each to Priorities USA Action Super PAC and American Bridge 21st Century Super PAC. He initially supported Hillary Clinton for President when he donated $25,000 to the Ready For Hillary PAC in 2013.

Soros backed President Obama, who notably campaigned in 2008 shutting down the coal industry, a promise industry experts say he’s kept.

“The drop in coal market stock is directly related to the promise that Obama made to his environmental extremist supporters – ‘you can build coal fired power plants, but we will shut them down,’” said John Sparr, a mining engineer and geologist who specializes in the coal industry.

Investments in coal under current conditions bear little risk given the low stock prices.

“With markets dwindling, coal companies shutting down and workers being laid off, it is no wonder that stocks are crashing,” Sparr said.

But should there be a change in the regulatory climate, coal stocks could become a bargain.
The important thing about coal, Simmons said, is a little over 10 years ago, coal produced 50 percent of energy in the U.S. and that is now at 40 percent and continuing to trend downward.

Michael South, a UK-based mining and energy consultant, told FoxNews.com that while coal prices have suffered around the world in part because of a drop in demand from China and other countries, and fracking, which produced natural gas at a cheaper price, there is still a huge need for coal, and eventually prices will go up.

“George Soros spent millions of dollars and multiple years helping to driving down price of coal,” said H. Sterling Burnett, research fellow and managing editor, at the Heartland Institute. “If he buys enough stock to have controlling interests in these coal businesses, closes them down and leaves the coal in the ground, we might accept that he is a true believer, that his investment was all about stopping climate change and saving the environment."

“But my suspicion is that he helped to drive stocks down, bought as many shares as he can, and, when stocks rebound, he can sell his shares and make a huge profit.”
Guten Morgen ,Gestern gab es dann den zu erwartenen Kursanstieg von 1,04Euro auf 1,28Euro ein Plus von 20% Prozent.Vielleicht haben wir hier ersteinmal den Boden erreicht.Mal schauen wie wir heute an der Heimatbörse eröffnen werden?. Habe gestern den Fuß in die Tür gesetzt und meine erste Position gekauft,eigentlich sollte hier doch über einen längeren Zeitraum von 2-5 Jahren eine ordentliche Kohlepreis + Aktiensteigerung möglich sein .Da wir hier doch immerhin das größte Kohleunternehmen der USA und der Welt haben !. Ist sonst noch jemand in den letzten Tagen hier eingestiegen ?. Grüße Lars

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