jhm
Well-Known Member
The LatestSign That Coal Is Getting Killed - Bloomberg Business
Financial distress within the coal industry. According to Bloomberg, coal bonds lost 17% of value in Q2 alone. State of Wyoming has revoked ANR's self-bonding status to cover reclamation liabilities, for which the company now has until Aug. 24 to post cash or collateral for $411M liability. ANR's bonds have lost 70% of value.
You'd think short sellers would quit TSLA just to make easy money on coal.
Financial distress within the coal industry. According to Bloomberg, coal bonds lost 17% of value in Q2 alone. State of Wyoming has revoked ANR's self-bonding status to cover reclamation liabilities, for which the company now has until Aug. 24 to post cash or collateral for $411M liability. ANR's bonds have lost 70% of value.
You'd think short sellers would quit TSLA just to make easy money on coal.