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>
Bankruptcy expected for Arch Coal, a reflection of industry woes
Climate policies make a rebound for coal unlikely.
--
Paul Wilson
Project Healing Waters Fly-fishing
Sierra Club Military Outdoors
504 Jefferson Ave
Charles Town, WV 25414-1130
Cell: 304-279-1361
"There is no forward until you have gone back" ~Buddha
"In all things of nature there is something of the marvelous" ~ Aristotle
JUSTICE, ONLY JUSTICE, SHALT THOU PURSUE. Deuteronomy 16:20
--
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