Post-Reorg Equities, Oncor, & Elliott Management

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Paul Singer is Keeping Busy

We've previously discussed post-reorg equities here, noting the mild rollercoaster that Peabody Energy ($BTU) equity has been on post-emergence. This week Elliott International Inc. filed a 13-D highlighting increased ownership in the stock. Speaking of Elliott, the firm received additional time to further consider its bid for the Oncor assets it is purportedly competing withBerkshire Hathaway for. Here (video), Elliott's Paul Singer clowns on the value of Trump bonds. Elsewhere, a lot of bonuses just got flushed down the toilet as Basic Energy Services ($BAS) reported earnings and the stock promptly traded down nearly 20%. Management resorted to boring tropes about the weather and holidays affecting revenue.