Seeking Alpha

Coal shares are on a roll - JRCC +11.4%, ANR +7.2%, ACI +6.9%, WLT +4.9%, BTU +3.8% - but Paul...

Coal shares are on a roll - JRCC +11.4%, ANR +7.2%, ACI +6.9%, WLT +4.9%, BTU +3.8% - but Paul Ausick reminds of the sector's long-running ailments: ANR is saddled with debt and its met coal business amounts to only 20%-25% of its shipments; JRCC’s met coal business is weak, and thermal coal prices aren’t rising very fast; ACI’s assets in Appalachia have been a drag.
From other sites
Comments (9)
  • krivah
    , contributor
    Comments (13) | Send Message
    Paul Ausick , I think everyone knows the quirks and defects that the coal companies have, but its making a comeback, don't be such a sourpuss.
    14 Sep 2012, 11:58 AM Reply Like
  • wigit5
    , contributor
    Comments (4289) | Send Message
    I think his point is the fundementals don't support this rally... and honestly they don't.


    Coal will come back eventually.... but right now NG price pressures and high inventories are still issues.


    Met and Thermal prices are down big time from a year ago. 2013 should bring in a fundamentally sound rally as the NG price normalizes and coal production is overtaken by demand.
    14 Sep 2012, 12:14 PM Reply Like
  • krivah
    , contributor
    Comments (13) | Send Message
    Okay, but the fact remains that the stock of companies like ACI, ANR and JRCC are at the moment still cheaper as they are actually worth.
    14 Sep 2012, 12:46 PM Reply Like
  • maudie
    , contributor
    Comments (486) | Send Message
    Romney 2012-Coal 2013.
    14 Sep 2012, 12:57 PM Reply Like
  • wigit5
    , contributor
    Comments (4289) | Send Message
    Yeah i read somewhere the other day ANR was worth around 20$/share book value which I couldnt believe... but have yet to have time to vet the info.
    14 Sep 2012, 01:04 PM Reply Like
  • Falconflight
    , contributor
    Comments (168) | Send Message
    Oh, it's accurate alright.
    14 Sep 2012, 10:44 PM Reply Like
  • larry56love
    , contributor
    Comments (28) | Send Message
    Romney would be the greatest thing that could ever happen to coal investors. Unfortunately, our country has WAY to many sheep drinking the Obama Koolaid!
    14 Sep 2012, 02:10 PM Reply Like
  • lostalloncoal
    , contributor
    Comments (373) | Send Message
    Shame on those black people who votes for Obama just because he is black. 95% of blacks voted for Obama.
    14 Sep 2012, 05:30 PM Reply Like
  • bobsthename
    , contributor
    Comments (6) | Send Message
    Buy Walter Energy ...takeover at $70
    14 Sep 2012, 06:02 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs