There appear to be a couple misplaced zeroes here. Peabody stock was more than $100 in 2011 (not $1,000), and Arch Coal stock was between $300-$400 in 2011 (not $3,600). But the drop is still dramatic- a more than 99 percent drop in stock price for Arch- more than 90 percent in the last year alone. As Merle Haggard sang, “…… like a snowball headed for hell.”
Frank Young
From: ec-bounces@osenergy.org [mailto:ec-bounces@osenergy.org] On Behalf Of James Kotcon Sent: Wednesday, November 11, 2015 1:43 PM To: ec@osenergy.org Subject: [EC] Fwd: [Coal Volunteers List] from High Country News; Bankruptcy expected for Arch Coal, a reflection of industry woes
Stock in Peabody coal was selling for over $1000 per share in 2011, not it is at $13.00
Arch Coal was at $3600 in 2011, now it is at $1.50.
The WV Legislature is convinced that "Coal's Best Days Are Ahead!"
Thanks to Paul for the story at the link below.
JBK
---------- Forwarded message ---------- From: Paul Wilson pjgrunt@gmail.com Date: Tue, Nov 10, 2015 at 4:02 PM Subject: [Coal Volunteers List] from High Country News; Bankruptcy expected for Arch Coal, a reflection of industry woes To: Coal Alerts coal-volunteers-list@sierraclub.org
http://list.hcn.org/t?r=3391&c=3558&l=1&ctl=6B6C:9DD3FCF87D66B19654BB1AB8D5C2F48E& Bankruptcy expected for Arch Coal, a reflection of industry woes
Climate policies make a rebound for coal unlikely.