Seeking Alpha

Jett Dueitt  

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  • Alpha Natural Resources: A Good Company In A Horrible Market [View article]
    Thanks for the response, but I don't think ANR will be profitable on Eastern Steam in 2013. They've guided to costs at a midpoint of $77 for '12 so '13 shouldn't be far off...and it is unlikely eastern thermal will rise to those levels. The cutbacks in Appalachia appear to be more permanent. This will keep a lid on ANR. I agree with you on met coal, but I just think the reason they have been slammed is because of their significant exposure to eastern thermal...they run high cost mines and prices are unlikely to recover near term.

    JMO.
    Jun 16, 2012. 01:18 PM | Likes Like |Link to Comment
  • Alpha Natural Resources: A Good Company In A Horrible Market [View article]
    Peter,

    Are you worried about Alpha's significant appalachia regional exposure? Esp to thermal? About 40% of their tonnage guided is eastern thermal in which they will lose money on. Appalachia going forward is going to struggle and may not recover. Cuts should be more permanent.

    I think thats why it has been taken out to the woodshed more than people expected. Yes, they have a big met portfolio, but an even larger eastern thermal which will hinder them.

    Thoughts?
    Jun 15, 2012. 01:53 PM | Likes Like |Link to Comment
  • Alpha Natural Resources: A Good Company In A Horrible Market [View article]
    Nice article, always like your work on coal...but

    "Arch Coal is an interesting situation. It's operating profile is challenged, with high exposure to the PRB via un-priced tonnage in 2012."

    In the Q1 earnings release ACI has virtually all of their tonnage committed and priced.
    May 27, 2012. 04:07 PM | Likes Like |Link to Comment
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