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This was excellent, and I wanted to delay posting prior to getting a chance to digest.
$BTU now has a MC of $2.7B and share price has steadily fallen since the 'Shareholder Returns' announcement.
With $1.3B of cash and Q2 likely to meet/exceed Q1 FCF - AND - 90%+ production
$BTU now has a MC of $2.7B and share price has steadily fallen since the 'Shareholder Returns' announcement.
With $1.3B of cash and Q2 likely to meet/exceed Q1 FCF - AND - 90%+ production
Sold out for '23, I want to remind that BTU is not a proxy for a play on Coal Indexes.
The opaque nature of their sales, has pointed to multi-year agreements, which underperform indexes in 'up' markets - and might overperform indexes in 'down' markets.
The Mkt is now pricing
The opaque nature of their sales, has pointed to multi-year agreements, which underperform indexes in 'up' markets - and might overperform indexes in 'down' markets.
The Mkt is now pricing
BTU at 2021 levels when Indexes were lower, the Company was burdened with high debt loads, they had little cash, and 'future' liabilities would be dealt with FAR into the future - assuming they would be dealt with at all.
That said, I think we are massively oversold here and I'm
That said, I think we are massively oversold here and I'm
