Alpha Natural Resources: My Favorite Coal Name [View article]
Sure, some met coal is used for power-generation I have no doubt. The point is, the price for it isn't determined by what's going with electricity. It's purely a function of the steel mills demand.
Besides, did I not see that 51% of Alpha's production went for export in this quarter? No-one will be transporting the stuff half-way around the world for making electricity.
-
Sure, some met coal is used for power-generation I have no doubt. The point is, the price for it isn't determined by what's going with electricity. It's purely a function of the steel mills demand.
Jul 31 14:00 pm
|Rating:
0
0
All Comments by Mattybuoy »Alpha Natural Resources: My Favorite Coal Name [View article]
Besides, did I not see that 51% of Alpha's production went for export in this quarter? No-one will be transporting the stuff half-way around the world for making electricity.
Face it, it's a good stock! :)