Pessimism about coal prices, which have been pressured in recent weeks by slumping Chinese...


Pessimism about coal prices, which have been pressured in recent weeks by slumping Chinese demand, is taking a toll on the shares of many producers. PCX -10.1%. JRCC -9.3%. ACI -4.2%. ANR -6.1%. BTU -2.3%. WLT -3.2%.

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Comments (12)
  • maverta
    , contributor
    Comments (332) | Send Message
     
    right now there is no bottom to coal stocks. weak demand and weaker pricing can still take these names lower, much lower.
    9 Jul 2012, 02:46 PM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    No hope of a bottom until after elections or years end...
    9 Jul 2012, 02:52 PM Reply Like
  • Jubal04
    , contributor
    Comments (202) | Send Message
     
    I find it amazing that Keystone Global (A South Korean Company) just signed an agreement to buy Revelation Energy (A company many have never heard of) for $478 mm. And most investors are writing coal off.
    9 Jul 2012, 03:19 PM Reply Like
  • 950330aa
    , contributor
    Comment (1) | Send Message
     
    Why is it every week we get the same ol' stuff. One week SA says demand in Europe is pushing coal stocks up. The next week SA says week demand in China is pushing coal stocks down. Which is it SA.
    9 Jul 2012, 03:22 PM Reply Like
  • dieuwer
    , contributor
    Comments (2924) | Send Message
     
    It called "stock manipulation".
    9 Jul 2012, 03:43 PM Reply Like
  • dejjj
    , contributor
    Comments (44) | Send Message
     
    Chinese demand is not slumping, it just is not increasing as fast as it was previously increasing. India is increasing and even green EU demand is increasing. COAL EXPORTS WILL CONTINUE TO GROW.
    Evaluation should be on the numbers to come---not mood and rumors.
    9 Jul 2012, 03:23 PM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    It doesn't matter how much coal you sell if the price your getting for it sucks, which is what is happening to US coal producers. They are selling in some cases 30-60 below the benchmarks to the Asian market.
    9 Jul 2012, 03:33 PM Reply Like
  • Rodney211
    , contributor
    Comments (18) | Send Message
     
    As soon as the rumors and emotional traders are shaken out you will see a sharp rise in coal prices. Pay attention to Alliance (ARLP). With their new partner in the Illinois Basin (White Oak Resources) they will be producing coal from a new longwall mine cheaper than anyone else in North America.
    9 Jul 2012, 05:46 PM Reply Like
  • JosephCortes
    , contributor
    Comments (1499) | Send Message
     
    NOW is the time to buy!
    9 Jul 2012, 03:35 PM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    Just dont buy Patriot Coal ....
    9 Jul 2012, 03:59 PM Reply Like
  • rocknrollstew
    , contributor
    Comments (118) | Send Message
     
    will arch coal (aci) survive tru this downturn?
    9 Jul 2012, 07:42 PM Reply Like
  • unit306
    , contributor
    Comments (5) | Send Message
     
    OK. China is not growing like it was. Is it shrinking. Not yet but you know what has shrunk? 30% of Japanese electric power vanished. Japan was, until recently, the largest importer of coal in the world. It is using NG peaking plants for base load now.

     

    Coal = BTUs. cheap BTUs. NG maybe cheap in the US now but it can't be this cheap for long because drillers aren't making money at $2-3 per 1000 cu. ft.

     

    If the bottom falls out of the global economy the cheapest BTU is going to win. Al Gore is not going to be able to sell solar power if unemployment is at 15%. The Sierra Club wants to kill capacity but we can kill the Sierra Club this November and reduce their carbon foot print on the world.
    9 Jul 2012, 09:37 PM Reply Like
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