With respect I disagree. The RIO bomb shell basically calls into question the viability and timeframe of Abbott Point.
I am sure BoA didn't snap up 7% of CLR for some stranded coal (however good the quality) that in the best scenario will not make it to market for many years.
I am out this morning.
I suspect the sp will be pushed even higher and then the relentless selling will kick in.
May be a good stock to trade but if another Abbott Point stakeholder pulls out (or defers committment - I think there is more than just a hint given the defensive remarks of the project spokesman) then the shorters will destroy this stock.
With respect I disagree. The RIO bomb shell basically calls into...
Add to My Watchlist
What is My Watchlist?