- Investors see that the worst may be over for the coal market after a series of output cuts around the world, according to Peabody Energy (BTU -3.3%) Chairman and CEO Greg Boyce, pointing out that coal pricing has been essentially flat for about nine months.
- "There’s going to be a long lag where you’ve got less supply than demand,” Boyce says, and "that’s going to have a strong, strong pull for the sector."
- The CEO says catalysts coal investors are anticipating include rising Chinese demand and an improvement in U.S. railroad capacity to deliver from mining regions such as Wyoming’s Powder River Basin, where BTU produces most of its thermal coal.
- ETF: KOL