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The news that a traditional coal company is investing twice as much in natural gas as in coal -...

  • Monday, January 14, 2:12 PM ET
    The news that a traditional coal company is investing twice as much in natural gas as in coal - Consol (CNX -0.9%) forecasts 2013 investment in natural gas development of $835M-$935M vs. net investment in coal operations of $410M-$520M - is pushing down shares of most other coal miners: BTU -2.3%, ACI -2.6%, ANR -4%, WLT -3.1%, JRCC -2.8%.
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This news story has 4 comments:

  •  
    So misleading. CNX acquired NG assets while ANR and others acquired met coal assets last year. To streamline NG operations, CNS is spending more.
    14 Jan, 02:15 PM Reply Like
  •  
    ironic considering such a move low lower supply of coal. It also has limited impact on the supply of nat gas.
    14 Jan, 02:15 PM Reply Like
  •  
    Doesn't make any sense when most companies have been making coal acquisitions just LAST YEAR. The media "reports" tell a completely different story, I find it amazing those "reports" actually move stocks.
    14 Jan, 02:17 PM Reply Like
  •  
    will price of coal stocks increase?
    15 Jan, 08:46 AM Reply Like
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