Coal stocks have plunged after Pres. Obama's re-election, but Goldman urges investors not to buy...

|By:, SA News Editor

Coal stocks have plunged after Pres. Obama's re-election, but Goldman urges investors not to buy the dip, as the firm thinks its projected 11% rise in thermal coal demand next year and met coal price recovery to $200/metric tons by Q4 2013 appear priced in. Goldman sees SXC and CNX as relative winners in the sector, while Sell-rated ACI and WLT are losers.