Posted on 08/17/2015 8:55:39 AM PDT by rktman
I predicted in this column last week that the left wasn’t going to kill off the coal industry so much as it was going to steal it. That prediction is already becoming true courtesy of billionaire George Soros.
U.S. Securities and Exchange Act 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. As pointed out last week, both companies have been driven perilously close to bankruptcy by the combination of President Obama’s “war on coal” and inexpensive natural gas brought on by the hydrofracturing revolution.
(Excerpt) Read more at breitbart.com ...
I have no info but guess that he went short coal when Obama was elected.
If coal goes down...there will be a lot of unused coal transporting train units...so Buffett looses.
Peabody Energy Corporation
NYSE: BTU - Aug 17 12:10 PM EDT
1.170.04 (3.98%)
György Schwartz will doubtless enjoy this
That's probably less money than he spends on janitors' services for his offices.
People buy less of something when it gets cheaper?
The Chinese are building coal plants at the rate of one every three days.
Maybe Soros is going to dig up that American coal and ship it to China.....and a huge profit for himself, of course.
this is how the left makes there money. Soros is famous for this. if Soros is buying up coal stock my guess is that a lot of politicians that have looked at him as an ally are going to get a rude surprise. George Soros was never a liberal for improving society. he was liberal so that he could create financial chaos and then take advantage of it for personnel gain.
To misquote Ozzy’s little girl. “Who’s gonna clean your toilets mr. soros?”
Soros: Turn on the COAL IS BAD switch.
.... Time passes
.... Coal burning power company values decline
Soros: Turn off the COAL IS BAD switch.
That’s the Soros way.
Scare the crap out of people to make a profit. Works every time.
I trade in ARLP actively. It is the best coal stock and an absolute steal right now.
I almost hope they declare bankruptcy just to wipe out all his holdings.
and if there is an increase in coal production which is then transported, then both Soros (buying the producers) and Buffett (transporting the mined product), win. And so do the ‘Rats — both in the form of campaign contributions and ability to trot out their “we’re for working americans” schtick, just in time for 2016.
LOL! Srsly? With his sneaky deceiving ways he’ll be long gone and that much richer before a crash. How come there isn’t some hacker out there that can drain his accounts?
Will look into it.
well, I figured if they wre close to bankruptcy then maybe he might be catching the falling knife and I did say “almost”.
LOL! Yes you did. :>}
But that’s OK because he gets democrats elected.
Only slightly relevant: https://www.youtube.com/watch?v=DEy6EuZp9IY
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.