Seeking Alpha

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

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.
Comments (7)
  • bajadoc
    , contributor
    Comments (59) | Send Message
     
    Yes, sell your ACI and WLT so that the Goldman whores can scoop it all up cheaper. Despite all Obama can and will do to crush the use of coal in this country, China and the rest of the world will buy it.Still the cheapest fuel per BTU. Funny how the "greenies" don't seem to get it. Same global CO2 whether we use coal here or China does the burning!!!
    9 Nov 2012, 12:08 PM Reply Like
  • maudie
    , contributor
    Comments (468) | Send Message
     
    bajadoc: common sense should be banned from SA!!
    9 Nov 2012, 12:19 PM Reply Like
  • bajadoc
    , contributor
    Comments (59) | Send Message
     
    Thanks Maudie! Now, start looking for the Apple downgrades. The brokerage houses will want a last push down to get all their big clients in. It is all so transparent. Downgrades always come once a stock has already shed a significant amount.
    9 Nov 2012, 03:28 PM Reply Like
  • rocknrollstew
    , contributor
    Comments (100) | Send Message
     
    its getting old the pummeling coal is getting...aci was 8.50-8.70 a week ago...when does this crap stop...tired of the gray hairs..lol...anyone think aci has a shot to survive....long aci
    10 Nov 2012, 10:58 AM Reply Like
  • krivah
    , contributor
    Comments (13) | Send Message
     
    im quite sure , but im going for ANR and JRCC if it goes green tomorrow. lol@ the gray hairs ,have a few myself after the huge plunge ,got bit in the ass hard ,because of the election crap.
    12 Nov 2012, 11:36 AM Reply Like
  • bajadoc
    , contributor
    Comments (59) | Send Message
     
    I agree, the election was a big blow to coal. I had loaded up expecting a Romney win. But still, we can sell all our coal to China who gives not a hoot about all the global warming hoax!
    16 Nov 2012, 09:09 AM Reply Like
  • lumpofcoal
    , contributor
    Comments (53) | Send Message
     
    WLT does not sell to CHINA, their met coal comes from AUS. and internal resources.
    The 500m note offering is disturbing. The debt is already at an all time high, in a bad market. I have noticed that companies always seem to place large debt loads just prior to a bankruptcy...hmmmm.
    What solid hard assets does this company have and at what value?
    The company is worth $1.81b and has $3b in debt.
    What am i missing?
    17 Nov 2012, 10:24 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|