Michael Petryni
Oct 14, 2021

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Alas, you are right. It is only a dream. When big coal, Peabody Energy, wanted to build a port terminal to ship coal to China, my son was hired to stop it. Peabody stock-- symbol BTU -- was selling for $27 a share. By the time he did stop it, the company was in bankruptcy.

But now it has shed shareholder equity, debts and reorganized to go on digging the coal out of the ground. Its share price in the past year has run from a dollar to 16 dollars.

But at least BTU is not shipping to China. China is getting its coal at home and from India.

Alas, you right. It is only a dream.

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Michael Petryni
Michael Petryni

Written by Michael Petryni

Journalist, film critic, screenwriter, proprietary trader seeking simplicity in trading. https://thegodoftrading.medium.com/subscribe

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