- It’s time for investors to start looking for entry points in quality coal miners such as Consol Energy (CNX +1.5%), Cloud Peak Energy (CLD +4.1%) and Peabody Energy (BTU -0.2%), J.P. Morgan says in the hope that funding problems now confronting the U.S. shale revolution will lead to a more balanced U.S. gas market and better prospects for coal.
- While the seaborne market is lackluster, JPM believes it sees a positive story emerging for the U.S. coal industry due to the changing landscape in U.S. E&P driven by falling oil prices, which should lead to a tighter natural gas market in late 2015 and beyond and spark positive movement in depressed coal names.