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Forum - Wall Street Pit (Cloud Peak Energy - CLD)    Stock Due Diligence for All

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From: scorcher (Rep: 32)Date: 2019-03-15 10:44:34
Forum: Wall Street Pit - Thread #674070271 - List CLD msgsMsg #2778513 - Part 1/22 (Rec: 5)
assets slashed and going bankrupt odd how many fans this pos has,,,
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From: stormcat (Rep: 446) reply to scorcherDate: 2019-03-15 10:47:53
Forum: Wall Street Pit - Thread #674070271 - List CLD msgsMsg #2778517 - Part 2/22 (Rec: 1)
its called falling in love .. trade em not love em.. yup lotta baggers in there now

Reply to scorcher - Msg #2778513 - 03/15/2019 10:44
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From: warpoet (Rep: 6) reply to stormcatDate: 2019-03-15 10:50:46
Forum: Wall Street Pit - Thread #674070271 - List CLD msgsMsg #2778519 - Part 3/22 (Rec: 0)
I have not heard a the fat lady sing yet....

Reply to stormcat - Msg #2778517 - 03/15/2019 10:47
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From: red_dog (Rep: 657) reply to scorcherDate: 2019-03-15 10:58:07
Forum: Wall Street Pit - Thread #674070271 - List CLD msgsMsg #2778522 - Part 4/22 (Rec: 1)
At least for board clutter sake, it wouldn't be a bad thing, just sayin' :)Re: assets slashed and going bankrupt odd how many fans this pos has,,,

Disclaimer: My posts represent my opinion at the time and are not necessarily shared by others. I trade by momentum and accumulation and recommend doing your own DD prior to initiating a position based on my posts.


Reply to scorcher - Msg #2778513 - 03/15/2019 10:44
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From: scorcher (Rep: 32) reply to stormcatDate: 2019-03-15 11:13:59
Forum: Wall Street Pit - Thread #674070271 - List CLD msgsMsg #2778527 - Part 5/22 (Rec: 2)
the ceo actually says that at this point chapter 11 is likely their only option,,,I never understood all the bullish posts on a debt riddled coal company which just wrote off $700 million in assets,,

Reply to stormcat - Msg #2778517 - 03/15/2019 10:47
NOTE: This message has been revised 1 time. Read original version of this message.
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From: stormcat (Rep: 446) reply to scorcherDate: 2019-03-15 11:24:54
Forum: Wall Street Pit - Thread #674070271 - List CLD msgsMsg #2778530 - Part 6/22 (Rec: 0)
again do not fall in love with em just trade em... plus its coal and who wants coal damm

Reply to scorcher - Msg #2778527 - 03/15/2019 11:13
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From: weege (Rep: 325) reply to stormcatDate: 2019-03-15 12:03:34
Forum: Wall Street Pit - Thread #674070271 - List CLD msgsMsg #2778540 - Part 7/22 (Rec: 18)
It's bad but not bk bad. Payment due on 4/14 is $1.8m and they have $65m. Re: assets slashed and going bankrupt odd how many fans this pos has,,,

Weege



Reply to stormcat - Msg #2778530 - 03/15/2019 11:24
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From: stormcat (Rep: 446) reply to weegeDate: 2019-03-15 12:09:05
Forum: Wall Street Pit - Thread #674070271 - List CLD msgsMsg #2778543 - Part 8/22 (Rec: 0)
Re: It's bad but not bk bad. Payment due on 4/14 is $1.8m and they have $65m. Re:...

i did not say it was going BK ... but i did load up under .30 in early january dumped it at .45 and it ran to like .75 i think and straight down to now .36 ...my point im making when u get a plus 100% gainer wtf u waiting for lol.. its a coal play no tx ..just trade it lol


Reply to weege - Msg #2778540 - 03/15/2019 12:03
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From: warpoet (Rep: 6) reply to weegeDate: 2019-03-15 12:09:24
Forum: Wall Street Pit - Thread #674070271 - List CLD msgsMsg #2778545 - Part 9/22 (Rec: 0)
Re: It's bad but not bk bad. Payment due on 4/14 is $1.8m and they have $65m. Re:...

I could still sell here and make a profit but i'm holding. I think we will get good news soon. at least they are being straight up. If the Tutes sell we are in trouble if not I think we will be fine. The shorts have to had increased on that news some one will make them pay....


Reply to weege - Msg #2778540 - 03/15/2019 12:03
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From: smokeeater11 (Rep: 57) reply to weegeDate: 2019-03-15 12:26:38
Forum: Wall Street Pit - Thread #674070271 - List CLD msgsMsg #2778553 - Part 10/22 (Rec: 7)
Termination of Credit Facility

As disclosed in our Current Report on Form 8-K on November 13, 2018, Cloud Peak Energy Resources LLC (“CPE Resources”), a wholly owned subsidiary of CPE, provided PNC Bank, National Association with notice to terminate the Credit Agreement. The termination of the Credit Agreement was effective as of November 15, 2018. As of September 30, 2018, the $150 million Credit Agreement had a reduced availability of only $16.2 million of borrowing capacity based upon the quarterly financial covenant calculations. Any failure to meet those financial covenants could have resulted in an event of default under the Credit Agreement and cross-default under the indentures governing our senior notes. The Credit Agreement would have required CPE Resources to pay over $3.0 million in additional commitment and administrative fees during the remaining term of the Credit Agreement through May 2021, which will now be avoided. For additional information, see Note 18 of Notes to Consolidated Financial Statements in Item 8.

Significantly Reduced Liquidity

Subsequent to the termination of the Credit Agreement, our liquidity was comprised of cash and cash equivalents, because the A/R Securitization Program was fully utilized to issue letters of credit as collateral for the reclamation surety bond providers. As of December 31, 2018, our total available liquidity was $91.2 million. As of March 8, 2019, our total available liquidity was $65.5 million, and we expect to continue using additional cash that will further reduce this liquidity.

Ability to Continue as a Going Concern

Our reduced liquidity, most notably with the termination of our Credit Agreement in November 2018 due to the limited availability thereunder based on the financial covenants, along with our forecasts projecting lower levels of operating cash flow have limited our access to the capital markets. Our liquidity is now limited to cash and cash equivalents. Our forecasted cash from operations alone is insufficient to fund cash interest and capital expenditures. This has resulted in our conclusion that there is substantial doubt about our ability to continue as a going concern. As a result, we will continue to pursue options to alleviate this condition, including but not limited to evaluating our restructuring options, but there can be no guarantees that this will alleviate the substantial doubt that exists. Our consolidated financial statements have been prepared assuming we will continue as a going concern, which contemplates continuity of operations, realization of assets and the satisfaction of liabilities in the normal course of business. As a result, the accompanying consolidated financial statements do not include any adjustments relating to the recoverability and classification of assets and their carrying amounts, or the amount and classification of liabilities that may result should we be unable to continue as a going concern.

On March 14, 2019, we entered into a Forbearance Agreement (the “Forbearance Agreement”) by and among Cloud Peak Energy Receivables LLC, CPE Resources and PNC Bank, National Association, as administrator, relating to our A/R Securitization Program, which provides that PNC Bank, National Association will not exercise any of its remedies upon a default under the A/R Securitization Program based on the existence of substantial doubt regarding our ability to continue as a going concern. Pursuant to the Forbearance Agreement, the forbearance period terminates on the earlier of (i) April 14, 2019 and (ii) the date on which any additional events of default may occur, as specified therein.

https://www.sec.gov/Archives/edgar/data/1441849/000110465919014968/a19-30091_110k.htm


Reply to weege - Msg #2778540 - 03/15/2019 12:03
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