Coal Companies Heating Up in the Cold Winter
Andrew Horowitz submits:
Volatile yes, but the companies in the coal industry have a great deal of opportunity ahead of them. Aside from the recent cold-snap and the fact that there are a backlog of ships waiting to load in ports around the world, coal is still one largest sources of electricity generation in the world.
Several companies, including Patriot Coal (PCX), Consol Energy (CNX) and Peabody (BTU) have been showing some excellent trends when it comes to earnings, even with coal prices still being depressed. (Coal Spot pricing is $51.75 for March Contract at the time of publish)
Investing, Long Term Investment, stock market | admin February 24, 2010
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