Contura Energy = Latest Post-Reorg Equity

Contura Energy, f/k/a Alpha Natural Resources, filed its S-1 Registration Statement today looking to price an IPO of 6mm shares at somewhere between $23-27. We've noted the recent post-reorg equity bloodbath that has transpired in the energy space of late. Perhaps Contura can buck the trend. Unrelated, Peabody Energy ($BTU) traded up 2+% today. 

Notable (Contura Energy, Effed Education, Footwear, Memorial Production Partners)

Contura Energy. The Tennessee-based metallurgical and steam coal company - probably better known in these parts as the once-and-recently-bankrupt Alpha Natural Resources filed for an IPO on Monday with plans to raise $100mm on the NYSE under the symbol $CTRA (Citi is sole underwriter). 

Education. Months ago we chronicled the affect that the oil and gas downturn was having on Oklahoman schools. Unfortunately, high debt and poor management in Puerto Rico seems to be having a similarly horrible affect on school children.

Footwear. Seven companies that are allegedly/particularly impacted by the recent wave of retail bankruptcies.

Labor MarketThis study indicates that there is no unprecedented technological disruption. Seems counter-intuitive.

Memorial Production Partners/Amplify Energy. The company has emerged from chapter 11 with a new name and a delevered balance sheet to the tune of $1.3b. And now it has engaged Jefferies LLC as lead advisor to explore strategic alternatives.Fir Tree Partners, Millennial Energy Partners and Citadel LLC have representatives on the Board of Directors.

Passive Investing. There are now more index funds than there are individually traded stocks. Wait, what??