Breadnight

Bucyrus International: A Mixed Bag

How could oil prices be cutting into BUCY's margins?? Anyway, with higher and higher coal prices, new mines around the world will be popping up. However, my bet is that they will not be utilizing draglines. These machines are too capital intensive, and aren't suitable to the types of deposits that these small mines have.

Also, the oil sands are making so much money these days that they arent utilizing draglines -but truck and shovel instead.

I don't know the % of profit from draglines that BUCY gets (and I will do some research) but I believe draglines are what they're known for. I believe that % will come down in the future.