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US Coal Producers: BTU, ARCH, etc

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US Coal  Producers

BTU / Peabody Coal vs. USO, OilB, OIH ... fr. 1/2017 : 1/2018 : 11/1/2018 : 10d:  BTU ($31.01) / USO ($11.95) = r-2.59

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Top4? : CLD... BTU, ARCH, CCR / Consol.Coal ... update :

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ARLP / Alliance Holdings -etc. ... update :

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Sym. Last-$ : chg. : + Pct. : Volume / Pr/BV : EV/eb: Yield : PE-R: 12mo-Range :
BTU: $31.01 +1.21 : +4.06% : 465 k  /  r0.00 : r10.0 : 1.68% : 6.87 (29.08 - 47.84)
USO: $11.95 +0.07 : +0.59% : 13.1M /  r0.00 : r10.0 : N/A... : N/A  ($9.23 - 16.24)
OIL- : $17.30 - 0.11 : - 0.63% : 4.12M /  r0.00 : r10.0 : 1.73% : N/A (13.13 -  29.87)
Arch: $90.86 - 0.85 : - 0.93% : 215 k  /  r0.00 : r10.0 : 1.98% : 5.92 (75.09-102.61)
CLD : $0.541 - .039 : - 6.64% : 5.13M /  r0.00 : r10.0 :  N/A...: N/A (0.255  - $4.10)
Arlp: $19.05 +0.09  : +0.47% : 265 k   /  r0.00 : r10.0 : 11.1% : 6.94 (15,55 - 20.99)

Ratio: BTU (Peabody Coal) -to WTI Crude/ Key Support at 52%, and 2.50 against USO

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Who are some of Peabody Energy's key competitors?

==

Rank Company Percent of total production
1 Peabody Energy / BTU 19.0%
2 Arch Coal 13.6%
3 Cloud Peak Energy 8.6%
4 Alpha Natural Resources 8.0%

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USO-etc / The comparison chart of energy sector - incl. BTU

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BTU / Peabody Coal ... all data :

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ARCH / Arch Coal ... update :

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CLD / Cloud Peak Energy ... update :  xx : 1yr / 10d - Last: $0.54

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Alpha Natural Resources: In November, 2018 the company was acquired by Contura Energy.

=

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CLD / Cloud Peak ... 1-year : 3mo / Last: $0.54

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Cloud Peak Energy Provides Update on Strategic Alternatives Review

Cloud Peak Energy Inc. (NYSE: CLD) (the “Company”), the only pure-play Powder River Basin (“PRB”) coal company, today announced that it has retained Centerview Partners LLC as its investment banker, Vinson & Elkins LLP as its legal advisor, and FTI Consulting, Inc. as its financial advisor to assist the Company and its Board of Directors in the Company’s review of capital structure and restructuring alternatives. During this review process, the Company’s mines will continue normal operations, safely and efficiently meeting our customer commitments.

As disclosed on November 13, 2018, the Company’s Board, working together with its management team and legal and financial advisors, commenced a review of strategic alternatives, including a potential sale of the Company, and previously engaged J.P. Morgan Securities LLC as its financial advisor and Allen & Overy LLP as legal counsel in connection with exploring sale opportunities.

About Cloud Peak Energy®

Cloud Peak Energy Inc. (NYSE:CLD) is headquartered in Wyoming and is the only pure-play Powder River Basin coal company. As one of the safest coal producers in the nation, Cloud Peak Energy mines low sulfur, subbituminous coal and provides logistics supply services. The Company owns and operates three surface coal mines in the PRB, the lowest cost major coal producing region in the nation. The Antelope and Cordero Rojo mines are located in Wyoming and the Spring Creek Mine is located in Montana. In 2017, Cloud Peak Energy sold approximately 58 million tons from its three mines to customers located throughout the U.S. and around the world. Cloud Peak Energy also owns rights to substantial undeveloped coal and complementary surface assets in the Northern PRB, further building the Company’s long-term position to serve Asian export and domestic customers.

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RATIOS

CLD vs. BTU, USO ... since 10/1/18 : 11/1/18 / Last: $0.54 / BTU-$00.00 (r-00%) , USO-$00.00

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Ratio: CLD-toBTU

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Ratio: BTU-toUSO

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==

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BTU vs. USO, etc : 11/1/2018 : $31.01 / $11.95 = r 2.595

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The company supplies coal primarily to electricity generators, industrial facilities, and steel manufacturers.

It owns interests in 23 coal mining operations located in the United States and Australia.

Peabody Energy Corp.

Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining; Midwestern U.S. Mining; Western U.S. Mining; Australian Metallurgical Mining; Australian Thermal Mining; and Trading & Brokerage. The Powder River Basin Mining segment operations consist of its mines in Wyoming. The Midwestern U.S. Mining segment mines mine bituminous coal deposits. The Western U.S. Mining segment mines both bituminous and sub-bituminous coal deposits. The Australian Metallurgical Mining segment engages in the export of coal of thermal grade. The Australian Thermal Mining segment mines coal of metallurgical grade. The Trading & Brokerage segment engages in the direct and brokered trading of coal and freight related contracts through the trading and business offices. The company was founded by Francis S. Peabody in 1883 and is headquartered in St. Louis, MO.

Peabody Energy Corporation (BTU) Top Holders

Institutional investors currently hold around $3.59 billion or 6.4% in BTU stock. Look at its top three institutional owners. Elliott Associates, L.P. owns $874.28 million in Peabody Energy Corporation, which represents roughly 24.77% of the company’s market cap and approximately 24.35% of the institutional ownership. Similar statistics are true for the second largest owner, Susquehanna International Group, Llp, which owns 9,335,303 shares of the stock are valued at $289.77 million. The third largest holder is Vanguard Group Inc, which currently holds $259.65 million worth of this stock and that ownership represents nearly 7.36% of its market capitalization.

BTU: $31.01 +1.21, +4.06%, vol. 465k  / Yield: 1.68%, PER: 6.87 (29.08 - 47.84)
USO: $11.95 +0.07, +0.59%, vol.13.1M / Yield: N/A..., PER: N/A  ($9.23 - 16.24)
OIL-: $17.30  - 0.11, - 0.63%, vol.4.12M / Yield: 1.73%, PER: N/A (13.13 -  29.87)
Arch $90.86  - 0.85, - 0.93%, vol. 215k  / Yield: 1.98%, PER: 5.92 (75.09-102.61)
CLD : $0.541 - .039, - 6.64%, vol. 5.1M / Yield:  N/A..., PER: N/A (0.255  - $4.10)

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Peabody Energy's (BTU) Q4 Earnings & Revenues Beat Estimates

  • on Zacks.com

 

 

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Australian high CV thermal coal prices at 19-month low, but not for long

The benchmark Newcastle high energy thermal coal price has fallen from US$100/tonne at the turn of the new year to US$88/tonne. Thermal coal has been hit in early February due to seasonality of purchasing in the lead up to Chinese New Year and customs delays impacting Australian vessels into China. Will this move be another short-term blip and mirror the volatility seen last year, or is a broader correction at play?

Australian high CV thermal coal supply to remain tight

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In 2019, demand growth in the Asia-Pacific market will require an extra 3 million tonnes of bituminous thermal coal. By 2023, we anticipate a further 34 Mtpa of bituminous coal demand in the region, led by India, Vietnam, South Korea, Pakistan and Malaysia.

While demand is increasing, Australian high CV thermal coal supply fell last year and will only partially recover this year. The recovery might be further constrained should producers target more semi-soft sales.

The ramp up of MACH Energy’s Mt Pleasant coal mine in New South Wales caters for nearly all the change, with high CV supply (ex. Mt Pleasant) essentially flat over 2019-21.

High CV supply could retreat again in 2022 due to lower output at Glencore’s Mt Owen mine and a possible closure at Liddell. Coal quality at BHP’s Mt Arthur mine is also expected to gradually decline. By 2023, we see a growing likelihood of a return to 2018 production levels.

Australian high CV thermal coal supply 2018-2023

Mine performance and quality issues limit supply response
The fall in Australian high CV thermal coal supply helped prices move nearly US$20/tonne higher in 2018. Widening price spreads between high CV and high ash thermal coal begged questions as to why we weren’t seeing a supply response? Part of that answer rests on specific constraints at a few large thermal coal mines in Australia, which contrary to expectations of growth, actually recorded declines in output. Some mines had short-term sequencing changes, while others battled with falling product quality. Pricing differentials between high CV thermal and semi-soft also played a part, with lower semi-soft supply offsetting the fall in high CV supply.

Two of the largest mines in New South Wales, BHP’s Mt Arthur and Yancoal/Glencore’s HVO, reported declines in output in 2018 of 4% and 11% respectively. In Mt Arthur’s case, saleable output was constrained by a lower washing yield, declining coal quality and adverse weather. At HVO, mine plans had been remodelled following a strategic review of operations following the takeover from Rio Tinto. Meanwhile, output at Whitehaven’s underground Narrabri mine fell nearly 30% as it worked around a geological fault. We also understand a number of Glencore’s mines were technically constrained in their ability to increase higher CV volumes by washing capacity.

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Mandatorily Convertible Preferred Equity Summary Terms

Mandatorily Convertible Preferred Equity (Private Placement)

IssuerPeabody Energy CorporationThe Preferred EquityMandatorily convertible preferred equity

Amount$750 million

MaturityNone Private Placement

PremiumsAn initial commitment premium equal to 8.0% of the $750mm committed amount 2.5% monthly ticking fee beginning on 03-April-2017 until the Effective DateDividendRate8.5% PIK per annum, payable semi-annually Dividends shall accumulate to the extent not paidDividendPreferencePreferred as to the payment of dividends or distributions, upon liquidation or otherwise, over any junior class of capital stock issued by the Issuer and its subsidiariesConversion at the Optionof the HolderConvertible into Common Stock at any time, at the option of the holder, at a conversion price based on a discount of 35% to plan equity value, subject to anti-dilution protection Mandatory ConversionAutomatically converts into shares of Common Stock at the conversion price if the volume weighted average price of the Common Stock exceeds 130% of the plan common equity value for a least 45 trading days in a 60 consecutive trading day period, including each of the last 20 days in such 60 consecutive trading day periodIf Mandatory Conversion occurs within the first 36 months after the Effective Date, the applicable conversion price will be adjusted to reflect the amount of dividends that would otherwise have been payable within the first 36 monthsDuring the first 45 trading days post Effective Date, a Mandatory Conversion will be deemed to have occurred if the volume weighted average price of Common Stock exceeds 150% of the plan common equity value for at least 10 trading days, including each of the last 5 of the 10 trading days when the threshold is achieved If holders of at least 66 2/3% of all outstanding Preferred Equity (the “Electing Holders”) elect to convert, then all Preferred Equity outstanding not held by the Electing Holders shall automatically convert simultaneo

> presentation - pg.30 : https://www.peabodyenergy.com/Peabody/media/MediaLibrary/Investor Info/June-Conference-FINAL.pdf

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Peabody Energy (coal producer) getting cheap enough

RATIO of BTU to USO Oil may suggest a Buying opportunity

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Here's Peabody / BTU on its own

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USO-etc / The comparison chart that got me to look at the Ratio above

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==

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NEWS items

EX-DIV

Peabody Energy Corporation ( BTU ) will begin trading ex-dividend on March 11, 2019. A cash dividend payment of $1.85 per share is scheduled to be paid on March 20, 2019. Shareholders who purchased BTU prior to the ex-dividend date are eligible for the cash dividend payment.

(robots wrote this):

Peabody Energy Corporation (NYSE:BTU) Logo

 

The stock of Peabody Energy Corporation (NYSE:BTU) is a huge mover today! The stock increased 0.07% or $0.02 during the last trading session, reaching $28.82. About 541,517 shares traded. Peabody Energy Corporation (NYSE:BTU) has declined 23.64% since March 11, 2018 and is downtrending. It has underperformed by 28.01% the S&P500.
The move comes after 7 months negative chart setup for the $3.12B company. It was reported on Mar, 11 by Barchart.com. We have $27.67 PT which if reached, will make NYSE:BTU worth $124.80 million less.

Analysts await Peabody Energy Corporation (NYSE:BTU) to report earnings on April, 24. They expect $0.68 earnings per share, down 18.07 % or $0.15 from last year’s $0.83 per share. BTU’s profit will be $73.62 million for 10.60 P/E if the $0.68 EPS becomes a reality. After $0.88 actual earnings per share reported by Peabody Energy Corporation for the previous quarter, Wall Street now forecasts -22.73 % negative EPS growth.

> more: https://whatsonthorold.com/2019/03/11/peabody-energy-corporation-btu-cant-be-more-risky-trades-sigfnicicantly-lower/

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Peabody may be headed to $28

BTU / Peabody Energy ... update : $28.89 -$0.65, -2.20% vol. 670.7k, Yield: 1.80%, PER: 6.43

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==

 

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ENERGY: is Pushing from both sides!

Oil, UP!, Uranium, Down! ... & Coal falling to their "benchmark" level

BTU vs. the U/USO "benchmark" ... fr. 11/1/2015 : $28.38 $3.27 & $12.47 : r-2??%

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Uranium-URPTF (U.t in USD) vs Oil (USO) ... 4yr : fr. 3/18/2015 : $3.27 & $12.47 : r-26.2%

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Ratio: BTU-to-USO: 

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