The media headlines Monday said the Supreme Court ruled against the EPA on mercury emissions in coal-fired electric generation, “giving the coal industry a victory.” According to the stocks, now pretty much in free fall again, the media got it wrong.
May be waving good-bye to (BTU), Peabody Energy’s share-holder equity soon.
Nine month ago I argued with somebody on Reddit who was saying BTU had plenty of liquidity and I was wrong about the company’s prospects being dire going forward. I told him to watch the headlines. BTU, down overall from an all time high of 79 to under 2 dollars today, has more dire headlines to come.
P.S. By the way, this is all good news for the efforts to stop and reverse climate change.
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