https://newsletter.mw.creamermedia.com
Coal|Energy|Resources
Coal|Energy|Resources
coal|energy|resources

Peabody rises after Thomist takes stake, suggests buybacks

22nd August 2024

By: Bloomberg

  

Font size: - +

Peabody Energy rose more than 7% after Thomist Capital Management disclosed a 9.96% stake and urged the coal miner to buy back shares.

Thomist suggested to Peabody management that the company should use some of its $1.45-billion cash balance to repurchase stock, get more value out of its Powder River Basin assets, and sell a stake in its Centurion mine in Australia, according to a filing Tuesday. Peabody was up 7.4% to $24.22 at 9:38 a.m. in New York on Wednesday.

Peabody’s filing came as Arch Resources Inc. and Consol Energy Inc. agreed to combine in an all-stock merger to create Core Natural Resources, a producer and exporter of coal.

To watch Creamer Media's latest video reports, click here
 

Edited by Bloomberg

Comments

 

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council optimistic about ongoing MPRDA review
13th December 2024 By: Marleny Arnoldi
Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.098 0.174s - 126pq - 2rq
Subscribe Now