Capital flowing to coal industry
Jun. 06, 2005 4:11 PM ET
Sandy Cohen
13 Followers
There was an interesting article about the flow of capital towards the coal industry in Utilitpoint's IssueAlert last week.
The article is well worth reading, and a trend to keep an eye on. Coal has long made up a large portion of U.S. electric generating capacity, and though in recent years gas-fired generation (which is much cleaner burning) has dominated the "new-build" plans, coal-fired geenrating plants have begun tio make a modest comeback as the price of natural gas has risen.
Follow the link provided to read thsi worthwhile article: Capital Flow Towards the Coal Industry.
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Sandy Cohen (http://seekingalpha.com/by/author/sandy-cohen/) is an ex-sell side analyst (Morgan Stanley and Merrill Lynch) who covers utility stocks. That's become an important sector due to its recent performance and the fact that utililty stocks pay dividends. We think Sandy's work is rigorous and insightful, and we like the fact that he's willing to be genuinely opinionated. You can find his articles on the Utility Stock Blog and occasionally the Energy Stock Blog. His own blog is here (http://www.utility-stock.com/).
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