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  • Don't Ignore Coal at Current Lows [View article]
    Daryan:

    >>>Other than turning coal into Oil, what else do they have to do with one another fundamentally?

    They are all BTUs under the skin. :))
    Oct 28 15:39 pm |Rating: 0 0 |Link to Comment
  • Don't Ignore Coal at Current Lows [View article]
    >>>Yesterday Arch Coal (ACI) said third-quarter net income more than tripled to $97.8 million, or 68 cents a share, from $27.3 million, or 19 cents a share in the year-ago period. Revenue increased to $770 million from $599 million.

    Yes, but that was with oil was at $140 a barrel. Future earnings reports will come with oil at $60 a barrel. Coal revenue will be depressed by lower oil prices and when the negative "earnings surprises" come in, coal shares will get hammered.
    Oct 28 09:41 am |Rating: 0 0 |Link to Comment
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