Jump to content



Photo

Soros buys coal stocks


  • Please log in to reply
5 replies to this topic

#1 stocks

stocks

    Member

  • Traders-Talk User
  • 3,331 posts

Posted 18 August 2015 - 05:08 AM

SEC filings indicate that Soros has purchased an initial 1 million shares of Peabody Energy and 553,200 shares of Arch Coal, the two largest publicly traded U.S. coal companies.

Billionaire hedge fund operator Tom Steyer committed to spend $100 million in 2014 to elect anti-coal, climate alarmist-friendly politicians. Though he failed miserably, he has re-upped for the same program in 2016. Steyer’s little secret is that he’s made a fortune from coal production in Indonesia over the past 15 years.


http://www.breitbart...l-george-soros/

--

Why do liberals hate Christians and love Muslims?

 

 


#2 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 24,361 posts

Posted 18 August 2015 - 08:28 AM

http://news.heartlan...rich-coal-stock

“This highlights the inconvenient truth that you can't make any money off of 'green' energy unless the government is writing you a check."

#3 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 24,361 posts

Posted 18 August 2015 - 08:56 AM

Peabody, Arch Coal May File Chapter 11 Bankruptcy on Obama Rules

#4 diogenes227

diogenes227

    Member

  • TT Patron+
  • 4,057 posts

Posted 18 August 2015 - 03:29 PM

SEC filings indicate that Soros has purchased an initial 1 million shares of Peabody Energy and 553,200 shares of Arch Coal, the two largest publicly traded U.S. coal companies.

Billionaire hedge fund operator Tom Steyer committed to spend $100 million in 2014 to elect anti-coal, climate alarmist-friendly politicians. Though he failed miserably, he has re-upped for the same program in 2016. Steyer’s little secret is that he’s made a fortune from coal production in Indonesia over the past 15 years.


http://www.breitbart...l-george-soros/


LOL. stocks, you never fail to make my day. Thanks, once again, for the comedy.

That poorly-written Breitbart headline I'm guessing is proclaiming Soros as the new "King Coal" after buying one million shares of BTU's 248 million shares outstanding. One million shares! Staggering news! Probably paid less than $2mil for both BTU and ACI. For Soros that's like taking out a magazine subscription to their shareholder reports (wonder what play he has in mind there).

And that article calls Goldman Sachs "leftist." Goldman Sachs! Leftist! (Should be noted that GS has been pulling out of coal worldwide, most notably ceasing to finance proposed coal terminals on the West Coal and selling Columbian coal operation to Murray Energy, a private company that can be, and is, just as stupid as it wants to be.)

As for Tom Steyer, good to see he has seen the light at the end of the coal shaft is bright green.

Regardless, your link points up the total lack of perspective that so often permeates Breitbart bull-pucky (if you can believe any of it), so thanks, you have rendered some service here.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

“I spent half my money on gambling, alcohol and wild women. The other half I wasted,” W.C. Fields.

#5 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 24,361 posts

Posted 18 August 2015 - 06:03 PM

As for Tom Steyer, good to see he has seen the light at the end of the coal shaft is bright green.

Al Gore showed him the way to the GREEN money. :lol:

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension,
the truth is the greatest enemy of the State.”
Joseph Goebbels

Peak Oil...
Evil Coal...
Global Warming...
Sky is falling...
Carbon Tax...
UN Agrees...
Pope agrees....
Earth IS flat...
Debate settled...

Edited by Rogerdodger, 18 August 2015 - 06:07 PM.


#6 stocks

stocks

    Member

  • Traders-Talk User
  • 3,331 posts

Posted 10 November 2016 - 06:10 AM

Coal ETF (KOL) up 130% year to date


--

Why do liberals hate Christians and love Muslims?