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In another blow to coal stocks, BAML lowers its forecast for 2013 coking coal prices to...

In another blow to coal stocks, BAML lowers its forecast for 2013 coking coal prices to $185/metric ton from $220/metric ton; demand is down, supply is up, and the pressure doesn’t look like it’s abating, the firm says. BTU and WLT are downgraded, and ACI and CNX are maintained at Underperform, but ANR remains at Buy as "the risk/reward looks favorable and cash flows [are] OK.”
Comments (3)
  • Hendershott
    , contributor
    Comments (1506) | Send Message
     
    wow, Obama killed coking coal too!
    24 Sep 2012, 05:56 PM Reply Like
  • jobehr
    , contributor
    Comments (21) | Send Message
     
    No hope for coal.
    24 Sep 2012, 11:09 PM Reply Like
  • Momintn
    , contributor
    Comments (3845) | Send Message
     
    BTU has the cheapest P/E at 6 and was up the most today.
    26 Sep 2012, 04:45 PM Reply Like
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