Category Archives: BTU

Peabody Puts Its Bankruptcy Plan to a Vote (Part 3)

Other Thoughts on the Plan.  In a bankruptcy, a debtor-in-possession serves as a fiduciary for the creditors and interests.  The court oversees the case to ensure that the debtor fulfills its obligations.  Yet, both the debtor and the court cannot … Continue reading

Posted in BTU, Materials | Tagged , , | Leave a comment

Peabody Puts Its Bankruptcy Plan to a Vote (Part 2)

Under Peabody’s bankruptcy plan a simplified summary of the classes, amount and treatment of claims and interests is given in the table below:

Posted in BTU, Materials | Tagged , , | Leave a comment

Peabody Puts Its Bankruptcy Plan to a Vote (Part 1)

On January 27, 2017, the bankruptcy court approved Peabody’s bankruptcy plan and disclosure statement.  By now, these documents have been distributed to creditors who are eligible to vote on the plan.  The voting deadline is March 3.  Objections to the … Continue reading

Posted in BTU, Materials | Tagged , , | Leave a comment

Coal Stocks Surge on Rebound in Overseas Prices

Many coal stocks have surged in price in October, primarily because of rising coal prices overseas and improving production volumes in the U.S. Shares of Peabody Energy (BTUUQ), which is still in bankruptcy, surged more than ten-fold in just ten … Continue reading

Posted in BTU, Materials | Tagged , | 1 Comment

Coal Sector Update

The Dow Jones U.S. Coal Mining Sector Index has more than doubled so far this year, up 117.6% through July 15, obviously much better than the broader DJ US Total Market Index’s gain of 5.7%. Much of coal’s gains reflect “dead … Continue reading

Posted in ARCH, BTU, Energy | Tagged , | Leave a comment