Coal Trader, any thoughts on where the met coal price is trending? It looks like there's been a bit of a rally but given how it behaved in the prior year, not sure if it's bottomed yet. Any catalysts that you know of which may impact it recently?
Any idea why Peabody would file for a mixed shelf and potentially issue more shares when they‘ve been buying back shares and everyone thought that would even accelerate with Elliott out?
Coal Trader, any thoughts on where the met coal price is trending? It looks like there's been a bit of a rally but given how it behaved in the prior year, not sure if it's bottomed yet. Any catalysts that you know of which may impact it recently?
Front month has stopped going down and the rest of the curve has been trading up - suggesting we've bottomed.
Separately, any thoughts on BTU pre earnings release? Bought a bit more on the dip as I couldn’t resist and very surprised to see it almost green….
Yeah, given how shares have reacted today, you sort of have to hold your nose and buy it. It's too cheap to go much lower.
Any idea why Peabody would file for a mixed shelf and potentially issue more shares when they‘ve been buying back shares and everyone thought that would even accelerate with Elliott out?