Prices for met coal (KOL) have fallen to a point where they will no longer cover cash costs,...

|By:, SA News Editor

Prices for met coal (KOL) have fallen to a point where they will no longer cover cash costs, even for low-cost producers, and prices should rise from current levels, FBR Capital says. Of the more met-levered names, FBR rates Alpha Natural (ANR) at Outperform, but believes Market Perform-rated Walter Energy (WLT) and Teck Resources (TCK) also could benefit.