Peabody Energy sees FY13 CapEx $450M-$550M, ~50% below 2012 levels Says coal market demand rising in 2013 on higher steel production, generation. Sees global steel production growth of about 3%, says seaborne thermal demand expected to increase 40-50M tonnes on growing Asian demand. Sees U.S. coal generation rising 40-60M tons in 2013. Says sees FY13 U.S. production of 180M-190M tons. Comments from slides that will be presented at the Howard Weil Annual Energy Conference.
Stocks with call strike movement; BTU PBR Peabody (BTU) September 8 call option implied volatility increased 2% to 60, Petrobras (PBR) July 7 call option implied volatility increased 3% to 67 according to IVolatility.