Urbane Gorilla!

Some Stocks to Research for the Market Rebound

With oil dropping, offshore driling (Drill! Drill! Drill! in Kudlow-speak) will fade from American's memories. Further, which companies seem to be inclined to drill? Companies like XOM and CHV are reducing their exploration and buying back shares.... CHK and similar NatGas plays are already reducing their future contracts. Fuhgedaboudit!

Maersk Shipping has recently stated that they expect China to begin importing coal again this next quarter, but cautioned that it won't be on the same scale as the past. This makes sense as there is a global slowdown, steel production is in the toilet and the world is reducing their demand for consumer products. They still do need coal for energy, but it has been noted that they are buying cheap sulphur laden coal on the spot market in areas like Malaysia. (In fact, MIT just performed an independent report stating that Chinese poloution has more to do with the cheap quality of coal they buy and not the state of their power generation plants.) I'm not sure that buying the above listed coal companies would be the right choice... Anyone know any good Malaysian coal companies? At any rate, I'd be more inclined to buy BTU, RTP and BHP, all of which do sell to China... If that's your direction... As to POT and MOS... Mouth-watering prices... But the charts aren't saying anything useful either.. jegan ;-)