Thursday, July 7, 2022

Sentiment Turns Bullish on Peabody Energy Corporation (OTCMKTS:BTUUQ)

Peabody Energy Corporation (OTCMKTS:BTUUQ) is on fire of late, but why? The move started for Peabody in October right before the election when investors realized that if Donald Trump was elected you would have some hyper focus on the long sanguine Coal Industry. A loosening environmental policy, potential changes at the SEC that would benefit reorganization and the Trump Team core campaign plank about getting jobs back for the Coal Industry ignited shares.

Looking at a yearly chart in BTUUQ shows a massive influx sending shares from $1.30 in mid October to more than $18 per share, it was a mad rush. My sources tell me the shorts got totally blindsided here which led to the drastic spike in share price.  It was the perfect storm of events for those who were patient.  But you had to move fast, as shares fell back to earth and gave back most of the aberration. Nearly all price action above $5 occurred in a thinly traded misdirection nightmare for anyone trading from either side.  This is evidenced by the Q4 2016 blip.

Peabody Energy Corporation (OTCMKTS:BTUUQ) is on everyone’s radar at the moment. So today we see movement again and interest from shareholders as the “Coal” theme resurfaces, and you can expect volatility. If it hits our radar screen, it normally means there is a stirring movement going on below.

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Peabody Energy is the world’s largest private-sector coal company and a Fortune 500 company. The company serves metallurgical and thermal coal customers in 25 countries on six continents.  In some recent news the company was selected as the coal mining company of the year for 2017 by United Kingdom-based Corporate LiveWire, recognizing the company’s excellence in safety performance, environmental stewardship and leadership in advancing technology solutions.

The honors were given by a panel of judges as part of Corporate LiveWire’s annual awards program.  The inaugural Energy & Mining Awards recognize the “most influential firms and individuals that stand out in their field from all corners of the world.” The judges were particularly impressed by “Peabody’s emphasis on responsible coal mining and coal use, and its role as a pioneer in sustainability.”

“We are pleased to be globally recognized for our sustainable approach to mining, which is core to our mission and values,” said Peabody Energy President and Chief Executive Officer Glenn Kellow. “We take great pride in operating safely, restoring high-value lands and being a leading voice for advanced coal technologies.”

The recent noise from the White House was dotting the media cycle as President Trump signed an executive order on Tuesday to roll back much of the Obama administration’s efforts to combat climate change in hopes of spurring growth in energy jobs in the United States.

Trump signed the order at the Environmental Protection Agency headquarters in Washington, D.C., where he was joined by Energy Secretary Rick Perry, Interior Secretary Ryan Zinke, Vice President Mike Pence and EPA Administrator Scott Pruitt. The president celebrated the moment as a start to a “new era in American energy and production and job creation.”

“The action I’m taking today will eliminate federal overreach, restore economic freedom, and allow our companies and our workers to thrive, compete and succeed on a level playing field for the first time in a long time,” Trump said.

He addressed the 25 coal miners who attended the signing at the EPA office. “Come on, fellas. Basically, you know what this says? You know what it says, right? You’re going back to work,” he said.

Eleven industry leaders and 20 members of Congress were in attendance as well.

The order will mandate a review of the Clean Power Plan, a measure that restricts greenhouse gas emissions at coal-fired power plants, and lift a 14-month-old moratorium on new coal leases on federal lands. It also seeks to scrap regulations on methane emissions and fracking and White House guidance on incorporating climate change into federal projects.

Coal is in the news, and BTUUQ is a stock to watch and has a history of volatility, time to strap into the saddle – as the sector takes main stage as the new administration executes it’s promises and maybe realizes some of the goals evidenced in earlier price moves. For continuing coverage on shares of $BTUUQ stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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