Peabody Energy Isn't out of the Woods Yet
Peabody Energy is set to report second quarter earnings tomorrow; the numbers are likely to be bad, but it's the news about the future that will be most important.
There's No Relief in Sight for U.S. Coal Miners
The price of coal continues to decline despite a slight bounce, and things are only going to get worse.
China Will Make India's Coal Habit Even Worse
There's so much coal chasing Chinese demand that coal prices have fallen, and that's making India's demand for the fuel even greater.
Peabody Earnings Could Be a Blowout
Coal stocks have languished over the past several years on cheap natural gas and stringent regulations. The market is expecting earnings to be abysmal but may be overlooking a rebound in the industry.
Peabody's Debt Issues Aren't Nearly as Bad as Walter's
Peabody Energy is paying a handsome price to fix a debt problem it has, but it's not nearly as bad as the debt issues facing Walter Energy.