Billionaire investor George Soros has opened new equity stakes in Peabody Energy Corp. and Arch Coal Inc., the country's top two coal producers, according to a Form 13F-HR filed Aug. 14.Did Obama and Soros collude to drive the price of coal stocks down so that Soros could get it cheap, or is it that the French felon believes that whoever wins the next election, Hillary or a Republican to be named later, will be more realistic about the need for coal, and the companies will get less obstruction, and their values will rise?
Soros acquired more than 1 million shares of Peabody and 553,200 shares of Arch in the second quarter, according to the filing. He reported no other coal holdings in the period.
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Both Peabody and Arch have seen their market values plummet amid extremely difficult operating conditions for domestic producers caused by competition from cheap natural gas, new environmental regulations and a slowing export market.
Tuesday, August 18, 2015
Things That Make You Go Hmmm. . .
. . . or at least ought to: George Soros discloses new stakes in coal producers Peabody, Arch