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Coal companies Alpha Natural Resources (ANR +8.9%) and Peabody Energy (BTU +7.3%) rank among the...

Coal companies Alpha Natural Resources (ANR +8.9%) and Peabody Energy (BTU +7.3%) rank among the day's top gainers amid signs the Fed may pump up growth after all (I, II) and sentiment that the worst could be over for coal shares - they're "a great buying opportunity now," BlackRock's Dan Rice says, expecting U.S. coal output to decline 11% this year and help shore up coal prices.
Comments (5)
  • But, isn't the US demand for coaling decreasing?
    12 Apr 2012, 02:17 PM Reply Like
  • Yes US demand slightly decreasing, but production has been cut and stockpiles are now decreasing. More importantly, imports to China and India are significantly higher. If I recall, China was over 80% increase year over year. Any sniff of US QE and this sector will shoot for the moon. Bear in mind, the coal sector is currently heavily shorted, which in turn could cause massive short-squeeze. Also keep in mind its time for consolidation in this sector which could cause a sector wide price spike.

     

    I own PCX, JRCC, ACI and most of the others at some point or another.

     

    Watch NG as a upside catalyst as well. Coal has been tracking NG the last several months.
    12 Apr 2012, 04:29 PM Reply Like
  • the guy from Blackrock comes out and says now may be a good time to buy these coal stocks. this cracks me up. where was here a few days ago when these stocks were making new lows. I love these Monday morning quarterbacks.
    12 Apr 2012, 02:45 PM Reply Like
  • Actually, Blackrock owns some coal already. Blue Horse Shoe loves JRCC....
    12 Apr 2012, 04:24 PM Reply Like
  • what are price targets for btu and anr and timeframes..alos aci and jrcc?
    12 Apr 2012, 02:54 PM Reply Like
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