What I Am Buying Today.

[EricL]

(04-28-2022, 07:08 AM)stockguru Wrote: How can BTU report such a bad quarter with coal being so high and all other coal companies knocked it out of the park lol. Time to sell that one. The story has changed. Do you still own Eric?

I still own it. They have legacy contracts and hedges that are marked to market that they need to have the cash on hand to cover. Coal prices have gone up so much that they are showing losses on those contracts on the books. As those are closed out over time, they go away and contracts are re-set to the higher prices and cash flow will improve.

I believe that by the second half of the year this will mostly be behind them and they will produce some great cash flows.

Not for the faint of heart, but I think those that hold through the volatility will be happy in the end.

If you want to read what other more knowledgable posters have said about it, read up on BigHatNoCattle and Bigenergybull's comments on the energy board over the last couple months.

https://www.investorvillage.com/Groups.a...19168&pt=m