Seeking Alpha

Morgan Stanley offers its favorite utility and coal stocks to play current dynamics in the coal...

Morgan Stanley offers its favorite utility and coal stocks to play current dynamics in the coal and natural gas market. Among utilities, Calpine's (CPN) efficient nat gas-fired plants enjoy a large arbitrage against inefficient plans, and Exelon's (EXC) big nuclear fleet benefits from higher nat gas prices. The firm prefers exposure to met coal over thermal coal; its top pick is Walter Energy (WLT).
Comments (3)
  • MS should worry about its own problems rather than commenting on others. They have not, exactly, smoked it the last few years.
    29 Nov 2012, 01:18 PM Reply Like
  • My guess is that their clients want to unload those three at higher prices, so pump it up!
    29 Nov 2012, 02:42 PM Reply Like
  • thats my guess as well. sharks in the water, snakes in the grass.
    30 Nov 2012, 09:06 AM Reply Like
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