Why $BTU pivoted language to growth(R3):
- coal plants retirements below - hence, their vision to utilize their 100+ yr old infrastructure(existing subs, transmission and land) to simply give the market want it wants. 1/5
Lets look at the language below in the Inflation Reduction Act "IRA" - $BTU simply saw this coming. They have everything "the market" wanted and will get paid handsomely for it. 2/5
I hear a ton about why #solar is this/that/blah blah, but the reality is, solar has high value during peak summer (May-Oct) and down voltage VAR. So, why would $BTU put nearly $7 billion at play for solar? The below is a rundown of "envelope" math. 3/5
What this tells me is they are going to look to keep as much $$ from tax burden/liability they can - specifically with the "record profits" noise from the market/government. imo, $BTU has an enourmous advantage from the #solar side of market. 4/5
Will benefit from most lucrative parts of IRA, be able to invest in growth from "electricity" side(thermal hedge),while focused on met"steel" buildout of renewables, let thermal ride price hikes as supply dwindles. Im happy to hold $BTU, expecting market to reward this story. 5/5
that pic didn't load well, see here:
$BTU R3 investment re; tax credits and IRA.
and those shorting on the coal story alone in the $27s are going to be in pain soon, imo.
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$BTU consolidation is ending, one way or another the medium term trend will now change.
Small gap but expect action here.
On watch..
Doesn't look like well get a last dump to shake out longs. Many times the math on the algo Ai will use those areas with a "torperdo math" module to increase volume/move price to breaking point. Didnt here. If this performs on Monday, this will be heading higher, and fast. $BTU
$BTU looks primed to probe new near term heights. Could be headed to test multi year highs.