BTU - Speculating In The Energy Sector With Peabody Energy And Transocean
Summary
- I haven't been buying much lately, but I did make a couple small purchases of call options in Peabody Energy and Transocean.
- Both companies report Q3 earnings this week.
- BTU is still dirt cheap despite a huge run over the last couple years, and the balance sheet continues to improve as the debt level comes down.
- They have an investor day coming in November, which could potentially be a catalyst.
- RIG has a heavy debt load, but offshore drilling rates are rising as global rigs available continues to fall.
For further details see:
Speculating In The Energy Sector With Peabody Energy And Transocean