Seeking Alpha

Raymond James cuts its 2013-14 met coal price forecast due to resilient supply growth and...

Raymond James cuts its 2013-14 met coal price forecast due to resilient supply growth and slowing demand; a recovery could take longer than expected given declining global GDP growth and a potential slowdown in China demand. Downgraded: Arch Coal (ACI -3.8%), James River (JRCC -12.6%)), Walter Energy (WLT -5%), Alpha Natural (ANR -3.9%), Peabody Energy (BTU -2.1%).
Comments (12)
  • embryorambo
    , contributor
    Comments (242) | Send Message
     
    Awesome! Love buying shares on the cheap when the long term outlook of coal is still pretty solid
    7 Jun 2013, 11:17 AM Reply Like
  • JeffreyLangBoyd
    , contributor
    Comments (660) | Send Message
     
    Some of those companies are very highly leveraged and may not make it to the recovery, assuming one actually comes.
    7 Jun 2013, 12:07 PM Reply Like
  • fredbrooklyn
    , contributor
    Comments (158) | Send Message
     
    They managed to convince a lot of sellers today, but then that is what they do isn't it?
    7 Jun 2013, 11:33 AM Reply Like
  • nemonemo
    , contributor
    Comments (319) | Send Message
     
    Raymond James had buy ratings at $38 for ANR. Good job morons.
    7 Jun 2013, 11:47 AM Reply Like
  • JeffreyLangBoyd
    , contributor
    Comments (660) | Send Message
     
    All too true. Analysts can move markets short term but longer term they generally don't have any better idea than anyone else.
    7 Jun 2013, 12:12 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    I see consolidation going forward. BTU is probably the best positioned of the bunch and a few will get taken over or go under.
    7 Jun 2013, 12:33 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Long coal, on various beaten down names that are likely to survive.
    7 Jun 2013, 03:34 PM Reply Like
  • fredbrooklyn
    , contributor
    Comments (158) | Send Message
     
    From a neutral source, Scientific American, March of 2013.

     

    "Energy-guzzling China is facing a coal conundrum. Rapid urbanization and industrialization will keep China's coal consumption at record highs of around 4 billion tons per year by 2015. At the same time, the country will have to fight for coal security and to keep its supply line uninterrupted, according to the first energy outlook report from China's Energy Research Institute (ERI)."
    http://bit.ly/114Clwz
    7 Jun 2013, 02:19 PM Reply Like
  • slash32is4
    , contributor
    Comments (123) | Send Message
     
    raymond james knows more then the insiders at WLT
    7 Jun 2013, 02:42 PM Reply Like
  • fredbrooklyn
    , contributor
    Comments (158) | Send Message
     
    Well one thing for sure, they have made the stock a lot cheaper...
    7 Jun 2013, 02:48 PM Reply Like
  • Gary Grant
    , contributor
    Comments (135) | Send Message
     
    Slash - did you see any insider info on WLT? i got totally hammered, and dont' know whether to hold or not.
    8 Jun 2013, 09:15 PM Reply Like
  • Mark Hayes
    , contributor
    Comments (26) | Send Message
     
    http://bit.ly/11zZAlp

     

    nothing new since May
    8 Jun 2013, 10:10 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|