The decline in coal stocks deepened today as investors absorbed Pres. Obama's plan to limit coal-fired plants, sending Peabody Energy (BTU) and Alpha Natural (ANR) to multi-year lows and Arch Coal (ACI) and Consol (CNX) to YTD lows. But Sterne Agee is skeptical of the plan's actual impact, noting political and legal hurdles could keep changes from taking effect soon and contending coal shares have overreacted to the news.
The decline in coal stocks deepened today as investors absorbed Pres. Obama's plan to limit...
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