Credit Suisse says this year's coal market is shaping up a lot like 2012 - "not a good thing" -...

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mmritas Comments (20)
 
I know. Natural gas curse
22 Jan, 07:32 PM Reply Like

HoldAndBuyInvestor Comments (146)
 
In short, Credit Suisse is short and going underwater. How this year is different:

1)NG price rose nearly 100%
2)Colder winter
3)Iron ore price rose 80%
4)EIA said coal generated electricity will rise 10% from coal this year.
5)China recovered significantly after 8 quarters of downturn.
6)Coal to gasoline plants going live

I guess CS analysts do not much of research except for receiving fat paychecks.

I can go on.
22 Jan, 07:38 PM Reply Like

Whitehawk Comments (2954)
 
True enough, and there was a bust in coal with a follow-on recovery, but will there be a boom from here?
22 Jan, 07:55 PM Reply Like

wigit5 Comments (2578)
 
I wouldn't expect a boom but a slow steady recovery we won't see a boom cycle until the world gets back on track and we deal with the real problems of today... kicking the can down the road (in the US) and watching the EU nearly collapse to name a few
22 Jan, 07:57 PM Reply Like

HoldAndBuyInvestor Comments (146)
 
If you read the article on Barrons, it was like some palmists aka hand readers telling you about your future. No wonder financial industry crashed big time.
22 Jan, 07:58 PM Reply Like

HoldAndBuyInvestor Comments (146)
 
SA is late too. This article was published early morning.
22 Jan, 08:06 PM Reply Like

yliu54 Comments (101)
 
Can the coal market be even worse? if it won' plunge again, then i will play.
22 Jan, 11:48 PM Reply Like

HoldAndBuyInvestor Comments (146)
 
RIO just announced that it is closing 2 of its largest thermal coal mines. They shut down ports today due to storm. Same in indonesia, largest thermal exporter.
22 Jan, 11:52 PM Reply Like

strougo Comments (29)
 
Obama hates coal. EPA hates coal But utilities must use or spend billions on new plants and India and china burn burn burn coal.
23 Jan, 12:10 AM Reply Like

HoldAndBuyInvestor Comments (146)
 
Sadly thats the only option. Lot of coal to gasoline plants going live this year. ANR to contribute 15MT of coal to it.
23 Jan, 12:39 AM Reply Like