Coal Stocks – the great short of the milennium

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.

(Click on image for a larger view)

TWEET_COAL_STOCKS_2015-07-01_1431

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