- "We still see 15-20 MM MT oversupply and believe wider supply reductions/ rationalizations will be needed as demand growth for met coal slows," Goldman's Brian Singer says, explaining his view that "the path to a recovery in metallurgical coal prices is likely to be slow."
- As for thermal coal, Singer says that while recovering natural gas prices will serve to buoy thermal, "demand in the US [will be] challenged long-term by coal plant retirements."
- Some of Goldman's Buy-rated coal stocks: SunCoke Energy (SXC), Cloud Peak Energy (CLD).
- Coal ETF: KOL
Goldman cautious on coal
Aug 31 2013, 16:30 ET