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The news that a traditional coal company is investing twice as much in natural gas as in coal -...

The news that a traditional coal company is investing twice as much in natural gas as in coal - Consol (CNX -0.9%) forecasts 2013 investment in natural gas development of $835M-$935M vs. net investment in coal operations of $410M-$520M - is pushing down shares of most other coal miners: BTU -2.3%, ACI -2.6%, ANR -4%, WLT -3.1%, JRCC -2.8%.
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Comments (4)
  • HoldAndBuyInvestor
    , contributor
    Comments (146) | Send Message
     
    So misleading. CNX acquired NG assets while ANR and others acquired met coal assets last year. To streamline NG operations, CNS is spending more.
    14 Jan 2013, 02:15 PM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (7490) | Send Message
     
    ironic considering such a move low lower supply of coal. It also has limited impact on the supply of nat gas.
    14 Jan 2013, 02:15 PM Reply Like
  • RedS0x
    , contributor
    Comments (13) | Send Message
     
    Doesn't make any sense when most companies have been making coal acquisitions just LAST YEAR. The media "reports" tell a completely different story, I find it amazing those "reports" actually move stocks.
    14 Jan 2013, 02:17 PM Reply Like
  • shsatz
    , contributor
    Comment (1) | Send Message
     
    will price of coal stocks increase?
    15 Jan 2013, 08:46 AM Reply Like
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