Author Topic: FELP - Foresight Energy  (Read 234113 times)

sampr01

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Re: FELP - Foresight Energy
« Reply #940 on: February 12, 2018, 08:06:42 AM »
Self registration to sell up to approximately $1.2 billion of certain types of securities.. Cline want to exit now..

http://www.snl.com/Cache/c392145952.html


heth247

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Re: FELP - Foresight Energy
« Reply #941 on: February 12, 2018, 09:23:39 AM »
Self registration to sell up to approximately $1.2 billion of certain types of securities.. Cline want to exit now..

http://www.snl.com/Cache/c392145952.html

So does this mean that they are going to raise equity soon to get the leverage ratio down? I cannot imagine Cline exit at the price of 2X EBITDA... 

gadfly

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Re: FELP - Foresight Energy
« Reply #942 on: February 12, 2018, 05:18:35 PM »
I believe this was a renewal of an older shelf registration. I don't think it means selling by major holders is imminent. 

heth247

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Re: FELP - Foresight Energy
« Reply #943 on: February 12, 2018, 07:41:34 PM »
I believe this was a renewal of an older shelf registration. I don't think it means selling by major holders is imminent.

Is this kind of shelf registration supposed to be renewed every three years? I thought it is a one-time thing, since they paid like ~$200K for it...
« Last Edit: February 12, 2018, 07:53:15 PM by heth247 »

heth247

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Re: FELP - Foresight Energy
« Reply #944 on: February 13, 2018, 07:57:07 AM »
Gadfly,

You are right, I have confirmed with IR, see his reply below:

Quote
"The S-3 is similar to the one filed in the 2015.  When we had the adverse court ruling in December of that year we had to remove the S-3.  This is simply reinstating it. "

heth247

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Re: FELP - Foresight Energy
« Reply #945 on: March 01, 2018, 03:16:35 PM »
According to the latest EIA report, for the whole year of 2017, US gas-fired power generation actually declined more (-7.8%) than coal-fired power generation (-2.6%).

https://platform.mi.spglobal.com/web/client?auth=inherit#news/article?id=43698724&cdid=A-43698724-11049


However, the month of December 2017 is a different story. I guess it is due to the crash of nat gas price.

jrallen81

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Re: FELP - Foresight Energy
« Reply #946 on: March 02, 2018, 04:45:05 PM »
I am wondering why FELP is so disconnected from the other coal plays, which generally are killing it over the last 18 months. obviously this is the definition of a special situation, but even as distributions accrue it goes down... any thoughts?

heth247

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Re: FELP - Foresight Energy
« Reply #947 on: March 02, 2018, 06:10:46 PM »
I am wondering why FELP is so disconnected from the other coal plays, which generally are killing it over the last 18 months. obviously this is the definition of a special situation, but even as distributions accrue it goes down... any thoughts?

Well, ARLP is also trading around 52 week low, and at a higher yield than FELP. So it is not really that disconnected..... We need FELP to raise the distribution to support the price.

jrallen81

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Re: FELP - Foresight Energy
« Reply #948 on: March 04, 2018, 09:35:01 AM »
I was thinking of BTU and ARCH....

heth247

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Re: FELP - Foresight Energy
« Reply #949 on: March 04, 2018, 10:18:50 AM »
I was thinking of BTU and ARCH....

They are not pure thermal coal play.