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Soros buys coal stocks


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#1 stocks

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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/

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#2 Rogerdodger

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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

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Posted 18 August 2015 - 08:56 AM

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

#4 diogenes227

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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 (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#5 Rogerdodger

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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

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Posted 10 November 2016 - 06:10 AM

Coal ETF (KOL) up 130% year to date


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Early in life I had noticed that no event is ever correctly reported in a newspaper. - George Orwell


#7 stocks

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Posted 28 December 2017 - 01:19 PM

Coal ETF (KOL) up 130% year to date

 

 

Coal ETF (KOL) up 200% since the January 2016 low


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Early in life I had noticed that no event is ever correctly reported in a newspaper. - George Orwell


#8 diogenes227

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Posted 29 December 2017 - 10:52 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."

 

Speaking of writing checks for taxes, at least we'll know where a lot of ours are going.  This makes the two-bits the Obama Administration flipped to the future of energy look like...well...two-bits:

 

THE $4 TO $10 BILLION TAXPAYER BAILOUT FOR COAL...PER YEAR!

 

Makes one wonder if the only profits in the coal industry are going to be directly from the taxpayer wallet.  Nah! There will still be no profits.  Except for this "free market" casket buying, it's still a dead industry. 

 

P.S.  Note the oxygen/emphysema tube wrapped around the Murray Energy CEO's ear in the photo.  That says everything anyone needs to know about coal.

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#9 stocks

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Posted 14 January 2018 - 07:25 AM

Germany begins demolition of an entire village to make way for coal mining
  • St Lambertus Cathedral in Immerath, western Germany, was razed to the ground on Tuesday 
  • It's the latest step in RWE Power's demolition of the village to expand access to the area's lignite supply
  • Company built a new village seven miles away – where the village hospital and houses has been relocated


Read more: http://www.dailymail...l#ixzz54A33CMGw 
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Early in life I had noticed that no event is ever correctly reported in a newspaper. - George Orwell


#10 stocks

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Posted 20 June 2018 - 05:58 AM

Coal booming, eco-zealots crying. 

 

After several years of free fall, the global consumption and production of coal is making a comeback.

Looking at the first graph, you can see that last year, coal consumption grew for the first time since 2013. 

 

The burst in coal consumption is directly related to the world's booming economy.

As a consequence of burning more fossil fuels, global carbon emissions are growing for the first time in years

 

In 2017, the share of coal in the power sector sat around 38 percent, the same percentage that it was in 1998. In two decades, zero change 

 

 

 

https://www.sciencea...tion-renewables


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Early in life I had noticed that no event is ever correctly reported in a newspaper. - George Orwell