Exploding coal demand around the world should drive up the share price of many companies with significant exposure to coal like Penn Virginia Resource Partners (NYSE:PVR), Alliance Resource Partners, (NASDAQ:ARLP), Westmoreland Coal Company (AMEX:WLB) and Alliance Holdings GP, (NASDAQ:AHGP).
When it comes to coal don't listen to the snake-oil salesman from the mainstream media who attempt to paint coal as a dying industry, when in fact it's poised for an unprecedented upward move in demand as emerging markets and developing markets clamor for the energy source.
The two obvious candidates for just about everything - China and India - are behind the demand for coal of all types (thermal and coking), but the developing world is also looking to make up for shortfalls.
Most coal companies and companies with exposure to coal will benefit from this long-term trend, especially those in the United States, who are looking to expand beyond its domestic market, where demand is being artificially constrained by the government.
The coal in demand has high energy content (a particular strength in the U.S.) where coal has significant sulfur in it.
Climate change hucksters have been pressuring the radical Obama administration to cut back on coal domestically while just about everywhere else it's in huge demand.
This has even led former Microsoft CEO Bill Gates to say alternative energy sources like solar and wind are a "cute" idea, but will do little if anything to assuage the energy needs of the world.
He's referring to the billions of people in need of electricity and how sources like coal will be used for a long time into the future. He sees nuclear as being the more viable alternative than the anemic results coming from wind, power and geothermal sources.
In the short term demand from Japan will also make a big increase in demand for coal as it seeks alternative energy sources as it rebuilds the nation.
China is expected to import about 70 million tons of coal in 2011 while India will import about 60 million.
Thermal coal, which is used to generate electricity, is expected to surge in demand in 2011 to over 7 billion tons.
Recently Peabody Energy CEO Greg Boyce said investors that over the next decade coal will generate more electricity than "gas, oil, nuclear, hydro, geothermal and solar combined."
For coal companies based in America, their challenge is infrastructure related, where railroads and ports will be pressed to push through enough coal to meed surging demand.
According to Arch Coal President John Eaves, "It's something unprecedented in human history, arguably, 3 billion people going through an industrial revolution at the same time," referring to the possibility of about 11 percent (35 gigawatts) of coal-fired U.S. capacity being shut down over the next decade, while at the same time 249 gigawatts of new coal-fired power plants are being constructed around the world.
He sees close to another 800 million tons of new coal needed to supply the growing needs, in addition to what is already being supplied.
So when you read the next media report about the decline of the coal industry, take it with a grain of salt. The old energy source is becoming the next big thing, and will remain that way for decades.
Some will say that coal is back, but the fact is it never went away.
Well-run coal companies should grow for many years into the future.
Penn Virginia Resource Partners (NYSE:PVR) closed Friday at $25.57, down $0.12, or 0.47 percent.
Showing posts with label Coal Demand. Show all posts
Showing posts with label Coal Demand. Show all posts
Monday, May 16, 2011
International Coal (ICO) (MEE) (YZC) (LLEN) Poised for Soaring Coal Demand
Exploding coal demand around the world should drive up the share prices of many companies with significant exposure to coal like International Coal Group, Inc. (NYSE:ICO), Massey Energy (NYSE:MEE), Yanzhou coal mining Co. (NYSE:YZC) and L&L Energy (NASDAQ:LLEN).
When it comes to coal don't listen to the snake-oil salesman from the mainstream media who attempt to paint coal as a dying industry, when in fact it's poised for an unprecedented upward move in demand as emerging markets and developing markets clamor for the energy source.
The two obvious candidates for just about everything - China and India - are behind the demand for coal of all types (thermal and coking), but the developing world is also looking to make up for shortfalls.
Most coal companies and companies with exposure to coal will benefit from this long-term trend, especially those in the United States, who are looking to expand beyond its domestic market, where demand is being artificially constrained by the government.
The coal in demand has high energy content (a particular strength in the U.S.) where coal has significant sulfur in it.
Climate change hucksters have been pressuring the radical Obama administration to cut back on coal domestically while just about everywhere else it's in huge demand.
This has even led former Microsoft CEO Bill Gates to say alternative energy sources like solar and wind are a "cute" idea, but will do little if anything to assuage the energy needs of the world.
He's referring to the billions of people in need of electricity and how sources like coal will be used for a long time into the future. He sees nuclear as being the more viable alternative than the anemic results coming from wind, power and geothermal sources.
In the short term demand from Japan will also make a big increase in demand for coal as it seeks alternative energy sources as it rebuilds the nation.
China is expected to import about 70 million tons of coal in 2011 while India will import about 60 million.
Thermal coal, which is used to generate electricity, is expected to surge in demand in 2011 to over 7 billion tons.
Recently Peabody Energy CEO Greg Boyce said investors that over the next decade coal will generate more electricity than "gas, oil, nuclear, hydro, geothermal and solar combined."
For coal companies based in America, their challenge is infrastructure related, where railroads and ports will be pressed to push through enough coal to meed surging demand.
According to Arch Coal President John Eaves, "It's something unprecedented in human history, arguably, 3 billion people going through an industrial revolution at the same time," referring to the possibility of about 11 percent (35 gigawatts) of coal-fired U.S. capacity being shut down over the next decade, while at the same time 249 gigawatts of new coal-fired power plants are being constructed around the world.
He sees close to another 800 million tons of new coal needed to supply the growing needs, in addition to what is already being supplied.
So when you read the next media report about the decline of the coal industry, take it with a grain of salt. The old energy source is becoming the next big thing, and will remain that way for decades.
Some will say that coal is back, but the fact is it never went away.
Well-run coal companies should grow for many years into the future. It is a long-term play, not something that will be volatile and experience huge swings on a day-to-day basis like silver can.
International Coal (ICO) closed Friday at $14.45, down $0.02, or 0.14 percent.
When it comes to coal don't listen to the snake-oil salesman from the mainstream media who attempt to paint coal as a dying industry, when in fact it's poised for an unprecedented upward move in demand as emerging markets and developing markets clamor for the energy source.
The two obvious candidates for just about everything - China and India - are behind the demand for coal of all types (thermal and coking), but the developing world is also looking to make up for shortfalls.
Most coal companies and companies with exposure to coal will benefit from this long-term trend, especially those in the United States, who are looking to expand beyond its domestic market, where demand is being artificially constrained by the government.
The coal in demand has high energy content (a particular strength in the U.S.) where coal has significant sulfur in it.
Climate change hucksters have been pressuring the radical Obama administration to cut back on coal domestically while just about everywhere else it's in huge demand.
This has even led former Microsoft CEO Bill Gates to say alternative energy sources like solar and wind are a "cute" idea, but will do little if anything to assuage the energy needs of the world.
He's referring to the billions of people in need of electricity and how sources like coal will be used for a long time into the future. He sees nuclear as being the more viable alternative than the anemic results coming from wind, power and geothermal sources.
In the short term demand from Japan will also make a big increase in demand for coal as it seeks alternative energy sources as it rebuilds the nation.
China is expected to import about 70 million tons of coal in 2011 while India will import about 60 million.
Thermal coal, which is used to generate electricity, is expected to surge in demand in 2011 to over 7 billion tons.
Recently Peabody Energy CEO Greg Boyce said investors that over the next decade coal will generate more electricity than "gas, oil, nuclear, hydro, geothermal and solar combined."
For coal companies based in America, their challenge is infrastructure related, where railroads and ports will be pressed to push through enough coal to meed surging demand.
According to Arch Coal President John Eaves, "It's something unprecedented in human history, arguably, 3 billion people going through an industrial revolution at the same time," referring to the possibility of about 11 percent (35 gigawatts) of coal-fired U.S. capacity being shut down over the next decade, while at the same time 249 gigawatts of new coal-fired power plants are being constructed around the world.
He sees close to another 800 million tons of new coal needed to supply the growing needs, in addition to what is already being supplied.
So when you read the next media report about the decline of the coal industry, take it with a grain of salt. The old energy source is becoming the next big thing, and will remain that way for decades.
Some will say that coal is back, but the fact is it never went away.
Well-run coal companies should grow for many years into the future. It is a long-term play, not something that will be volatile and experience huge swings on a day-to-day basis like silver can.
International Coal (ICO) closed Friday at $14.45, down $0.02, or 0.14 percent.
Wednesday, May 4, 2011
Arch (ACI) (NRP) (YZC) (ICO) Futures Look Solid as Coal will Dominate
Coal demand should provide good returns for coal companies like Arch Coal, Inc. (NYSE:ACI), Natural Resource Partners (NYSE:NRP), Yanzhou coal mining Co. (NYSE:YZC) and International Coal Group, Inc. (NYSE:ICO).
While the stories of the demise of coal have been going on for decades, a new report from the U.S. Energy Information Administration called the “Annual Energy Outlook,” again asserts coal will decline substantially over the next 25 years, although it seems a lot of things will have to happen almost perfectly for that to be the case.
But if there is a significant dent made in the demand from coal, it'll come from natural gas, not from the expensive and unreliable sources like wind turbines and solar energy. At this time so-called renewable supply about 11 percent of electricy in America.
If the past is any indicator, the projections of coal replacement are far too optimistic, and it is certain it will be a major part of electrical generation for decades.
Coal suppliers should continue to do well for years, as demand continues, but it will probably be at a slower rate than in the past, and the amount of supply of metallurgical coal by a company will determine a lot of the success of each individual firm.
While the stories of the demise of coal have been going on for decades, a new report from the U.S. Energy Information Administration called the “Annual Energy Outlook,” again asserts coal will decline substantially over the next 25 years, although it seems a lot of things will have to happen almost perfectly for that to be the case.
But if there is a significant dent made in the demand from coal, it'll come from natural gas, not from the expensive and unreliable sources like wind turbines and solar energy. At this time so-called renewable supply about 11 percent of electricy in America.
If the past is any indicator, the projections of coal replacement are far too optimistic, and it is certain it will be a major part of electrical generation for decades.
Coal suppliers should continue to do well for years, as demand continues, but it will probably be at a slower rate than in the past, and the amount of supply of metallurgical coal by a company will determine a lot of the success of each individual firm.
Wednesday, April 27, 2011
Massey (MEE) (ACI) (WLB) (JOYG) Close Mixed as Thermal Coal Demand Soars
Massey Energy (NYSE:MEE), Arch Coal, Inc. (NYSE:ACI), Westmoreland Coal Company (AMEX:WLB) and Joy Global (Nasdaq:JOYG close mixed as surging demand from China and India for thermal or steam coal, and to a lesser extent, coking or metallurgical coal, is pushing the price of coal up, as well as the share price of those coal companies and companies with coal exposure like ... who provide the needed energy source.
IN 2011 India should import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is expected to import about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal is used to run steel plants.
Overall, thermal coal demand is projected to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, soaring over 30 percent to a record, as demand from China and India climbs and Japan increases its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are similar to what other analysts have also projected for thermal coal prices in that time period.
Head of Rio Tinto Group’s Coal & Allied Industries Ltd. unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
IN 2011 India should import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is expected to import about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal is used to run steel plants.
Overall, thermal coal demand is projected to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, soaring over 30 percent to a record, as demand from China and India climbs and Japan increases its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are similar to what other analysts have also projected for thermal coal prices in that time period.
Head of Rio Tinto Group’s Coal & Allied Industries Ltd. unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
Monday, April 25, 2011
Joy Global (JOYG) (NRP) (AHGP) (PCX) Close Up as Thermal Coal Demand Explodes
Growing demand from China and India for thermal or steam coal, and to a lesser degree, coking or metallurgical coal, is driving the price of coal up, as well as the share price those coal companies and companies with coal exposure like Patriot Coal (NYSE:PCX), Natural Resource Partners (NYSE:NRP), Alliance Holdings GP (NASDAQ:AHGP) and Joy Global (Nasdaq:JOYG), all of which provide the needed energy source.
IN 2011 India is expected to import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is estimated to be looking at importing about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal to run steel plants.
Overall, thermal coal demand is estimated to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, increasing over 30 percent to a record, as demand from China and India soars and Japan adds to its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April, that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are close to what other analysts have also projected for thermal coal prices going forward.
Head of Rio Tinto Group’s (NYSE:RIO) Coal & Allied Industries Ltd. (CNA) unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
Alliance Holdings GP closed Thursday at $50.60, gaining $0.94, or 1.89 percent. Natural Resource Partners ended the day at $34.12, up $0.93, or 2.80 percent. Joy Global closed at $98.46, jumping $1.62, or 1.67 percent. Patriot Coal Corporation closed the session at $26.09, rising $1.56, or 6.36 percent.
IN 2011 India is expected to import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is estimated to be looking at importing about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal to run steel plants.
Overall, thermal coal demand is estimated to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, increasing over 30 percent to a record, as demand from China and India soars and Japan adds to its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April, that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are close to what other analysts have also projected for thermal coal prices going forward.
Head of Rio Tinto Group’s (NYSE:RIO) Coal & Allied Industries Ltd. (CNA) unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
Alliance Holdings GP closed Thursday at $50.60, gaining $0.94, or 1.89 percent. Natural Resource Partners ended the day at $34.12, up $0.93, or 2.80 percent. Joy Global closed at $98.46, jumping $1.62, or 1.67 percent. Patriot Coal Corporation closed the session at $26.09, rising $1.56, or 6.36 percent.
L&L Energy (LLEN) (YZC) (WLB) (RIO) Close Up as Thermal Coal Demand Explodes
Growing demand from China and India for thermal or steam coal, and to a lesser degree, coking or metallurgical coal, is driving the price of coal up, as well as the share price those coal companies and companies with coal exposure like L&L Energy (NASDAQ:LLEN), Yanzhou coal mining Co. (NYSE:YZC), Westmoreland Coal Company (AMEX:WLB) and Rio Tinto (NYSE:RIO), who provide the needed energy source.
IN 2011 India is expected to import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is estimated to be looking at importing about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal to run steel plants.
Overall, thermal coal demand is estimated to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, increasing over 30 percent to a record, as demand from China and India soars and Japan adds to its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April, that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are close to what other analysts have also projected for thermal coal prices going forward.
Head of Rio Tinto Group’s (NYSE:RIO) Coal & Allied Industries Ltd. (CNA) unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
Rio Tinto closed Thursday at $73.14, gaining $1.30, or 1.81 percent. Westmoreland Coal Company ended the day at $17.05, up $0.37, or 2.22 percent. Yanzhou coal mining Co. closed at $37.99, jumping $0.29, or 0.77 percent. L&L Energy closed the session at $7.28, rising $0.22, or 3.05 percent.
IN 2011 India is expected to import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is estimated to be looking at importing about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal to run steel plants.
Overall, thermal coal demand is estimated to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, increasing over 30 percent to a record, as demand from China and India soars and Japan adds to its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April, that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are close to what other analysts have also projected for thermal coal prices going forward.
Head of Rio Tinto Group’s (NYSE:RIO) Coal & Allied Industries Ltd. (CNA) unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
Rio Tinto closed Thursday at $73.14, gaining $1.30, or 1.81 percent. Westmoreland Coal Company ended the day at $17.05, up $0.37, or 2.22 percent. Yanzhou coal mining Co. closed at $37.99, jumping $0.29, or 0.77 percent. L&L Energy closed the session at $7.28, rising $0.22, or 3.05 percent.
Tuesday, April 19, 2011
Synthesis (SYMX) Jumps on Perceived Coal Gasification Demand
The earthquake in Japan which resulted in the damage to nuclear reactors has generated all sorts of speculation, including the perception coal gasification could strengthen, along with companies like Synthesis (NASDAQ:SYMX), which is soaring on Chinese investors showing a big interest in the company.
Coal and coal companies are enjoying a big boost in light of the Japanese nuclear disaster, which has extended to Synthesis.
A technology license held by Synthesis Energy Systems has some investors and the company believing they have a competitive advantage in the converting of lower grade coal to natural gas without alleged harmful emissions.
This is the type of company and play that is impossible to read, but will and has made some short-term money for investors. Once the Japanese disaster moves out of the headlines and nuclear energy resumes its expansion, it's difficult to tell if this will become sustainable.
Synthesis closed Monday at $3.74, gaining $0.28, or 8.09 percent.
Coal and coal companies are enjoying a big boost in light of the Japanese nuclear disaster, which has extended to Synthesis.
A technology license held by Synthesis Energy Systems has some investors and the company believing they have a competitive advantage in the converting of lower grade coal to natural gas without alleged harmful emissions.
This is the type of company and play that is impossible to read, but will and has made some short-term money for investors. Once the Japanese disaster moves out of the headlines and nuclear energy resumes its expansion, it's difficult to tell if this will become sustainable.
Synthesis closed Monday at $3.74, gaining $0.28, or 8.09 percent.
Monday, April 18, 2011
Arch Coal (ACI) (AHGP) (CLD) (NRP) Close Mixed On Coal Prices
Coal companies have been performing somewhat volatile of late, depending on specific results for each company, even though the overall sector has been doing well recently. Firms like Alliance Holdings GP, (NASDAQ:AHGP), Cloud Peak Energy Inc. (NYSE:CLD), Arch Coal, Inc. (NYSE:ACI) and Natural Resource Partners (NYSE:NRP) closed mixed on Friday.
Metallurgical coal prices were mixed last week on the U.S. spot market, with spot prices for low-volatility coking coal dropping $3.12, or 0.9 percent, to $326.88 a ton in the week ended Friday, according to Energy Publishing Inc.. High-volatility coal remained the same at $298.33.
Like any sector, coal companies, even within a high-demand industry, still won't be carried solely by the robust market demand.
Even so, approximately 40 percent of global electricity production comes from coal, and should rise in the years ahead, as coal consumption is expected to increase at a rate of 2.5 percent annually over the next 20 years, according to Research and Markets.
It could even be more than that, as evidenced by the 5 percent increase in 2010, according to the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should jump by between 2 to 3 percent.
JPMorgan (NYSE:JPM) also recently said coal prices are up over the last year, but are still below the highs attained before the financial crisis in the latter part of 2008, suggesting room to move higher, although the health of the global economy will play a role there.
Coal is still the major fuel for electricity production. Global coal consumption, approximately 6.7 billion tons in 2006, is set to reach close 10 billion tons in 2011.
China produces about 70 percent of its electricity from coal and demand there continues to grow. Demand for coal to fuel power plants will climb to 1.4 billion tons by 2015, according to China Huaneng Group Corp.’s Chief Economist Wu Dawei.
So when you hear the next report attempt to downplay the role of coal, don't believe it. It's as needed and in demand as ever, and similar to the oil peak predictions, is pretty much a joke, as coal has been attempted to be painted in the same way, not taking into account the huge amounts of coal being discovered in China, and other places, and extraction methods that have been improved.
Many coal companies will shine, but they still need to be judged by their individual merits and not expect the ongoing coal demand imply all of them will be winners pulled up by the broader sector.
Natural Resource Partners (NYSE:NRP) closed Friday at $34.10, gaining $0.14, or 0.41 percent. Arch Coal, Inc. closed at $33.74, rising $0.39, or 1.17 percent. Cloud Peak Energy Inc. ended the session at $19.88, falling $0.76, or 3.68 percent. Alliance Holdings GP closed at $50.33, up $0.72, or 1.45 percent.
Metallurgical coal prices were mixed last week on the U.S. spot market, with spot prices for low-volatility coking coal dropping $3.12, or 0.9 percent, to $326.88 a ton in the week ended Friday, according to Energy Publishing Inc.. High-volatility coal remained the same at $298.33.
Like any sector, coal companies, even within a high-demand industry, still won't be carried solely by the robust market demand.
Even so, approximately 40 percent of global electricity production comes from coal, and should rise in the years ahead, as coal consumption is expected to increase at a rate of 2.5 percent annually over the next 20 years, according to Research and Markets.
It could even be more than that, as evidenced by the 5 percent increase in 2010, according to the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should jump by between 2 to 3 percent.
JPMorgan (NYSE:JPM) also recently said coal prices are up over the last year, but are still below the highs attained before the financial crisis in the latter part of 2008, suggesting room to move higher, although the health of the global economy will play a role there.
Coal is still the major fuel for electricity production. Global coal consumption, approximately 6.7 billion tons in 2006, is set to reach close 10 billion tons in 2011.
China produces about 70 percent of its electricity from coal and demand there continues to grow. Demand for coal to fuel power plants will climb to 1.4 billion tons by 2015, according to China Huaneng Group Corp.’s Chief Economist Wu Dawei.
So when you hear the next report attempt to downplay the role of coal, don't believe it. It's as needed and in demand as ever, and similar to the oil peak predictions, is pretty much a joke, as coal has been attempted to be painted in the same way, not taking into account the huge amounts of coal being discovered in China, and other places, and extraction methods that have been improved.
Many coal companies will shine, but they still need to be judged by their individual merits and not expect the ongoing coal demand imply all of them will be winners pulled up by the broader sector.
Natural Resource Partners (NYSE:NRP) closed Friday at $34.10, gaining $0.14, or 0.41 percent. Arch Coal, Inc. closed at $33.74, rising $0.39, or 1.17 percent. Cloud Peak Energy Inc. ended the session at $19.88, falling $0.76, or 3.68 percent. Alliance Holdings GP closed at $50.33, up $0.72, or 1.45 percent.
Joy Global (JOYG) (PVR) (ARLP) (WLB) Close Up as Coal Prices Mixed
Coal companies have been performing somewhat volatile of late, depending on specific results for each company, even though the overall sector has been doing well recently. Firms like Joy Global (Nasdaq:JOYG), Penn Virginia Resource Partners (NYSE:PVR), Alliance Resource Partners, (NASDAQ:ARLP) and Westmoreland Coal Company (AMEX:WLB) closed up on Friday.
Metallurgical coal prices were mixed last week on the U.S. spot market, with spot prices for low-volatility coking coal dropping $3.12, or 0.9 percent, to $326.88 a ton in the week ended Friday, according to Energy Publishing Inc.. High-volatility coal remained the same at $298.33.
Like any sector, coal companies, even within a high-demand industry, still won't be carried solely by the robust market demand.
Even so, approximately 40 percent of global electricity production comes from coal, and should rise in the years ahead, as coal consumption is expected to increase at a rate of 2.5 percent annually over the next 20 years, according to Research and Markets.
It could even be more than that, as evidenced by the 5 percent increase in 2010, according to the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should jump by between 2 to 3 percent.
JPMorgan (NYSE:JPM) also recently said coal prices are up over the last year, but are still below the highs attained before the financial crisis in the latter part of 2008, suggesting room to move higher, although the health of the global economy will play a role there.
Coal is still the major fuel for electricity production. Global coal consumption, approximately 6.7 billion tons in 2006, is set to reach close 10 billion tons in 2011.
China produces about 70 percent of its electricity from coal and demand there continues to grow. Demand for coal to fuel power plants will climb to 1.4 billion tons by 2015, according to China Huaneng Group Corp.’s Chief Economist Wu Dawei.
So when you hear the next report attempt to downplay the role of coal, don't believe it. It's as needed and in demand as ever, and similar to the oil peak predictions, is pretty much a joke, as coal has been attempted to be painted in the same way, not taking into account the huge amounts of coal being discovered in China, and other places, and extraction methods that have been improved.
Many coal companies will shine, but they still need to be judged by their individual merits and not expect the ongoing coal demand imply all of them will be winners pulled up by the broader sector.
Penn Virginia Resource Partners closed Friday at $27.09, gaining $0.19, or 0.71 percent. Joy Global closed at $96.86, rising $0.89, or 0.93 percent. Alliance Resource Partners ended the session at $75.23, jumping $0.37, or 0.49 percent. Westmoreland Coal Company closed at $16.00, up $0.31, or 1.97 percent.
Metallurgical coal prices were mixed last week on the U.S. spot market, with spot prices for low-volatility coking coal dropping $3.12, or 0.9 percent, to $326.88 a ton in the week ended Friday, according to Energy Publishing Inc.. High-volatility coal remained the same at $298.33.
Like any sector, coal companies, even within a high-demand industry, still won't be carried solely by the robust market demand.
Even so, approximately 40 percent of global electricity production comes from coal, and should rise in the years ahead, as coal consumption is expected to increase at a rate of 2.5 percent annually over the next 20 years, according to Research and Markets.
It could even be more than that, as evidenced by the 5 percent increase in 2010, according to the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should jump by between 2 to 3 percent.
JPMorgan (NYSE:JPM) also recently said coal prices are up over the last year, but are still below the highs attained before the financial crisis in the latter part of 2008, suggesting room to move higher, although the health of the global economy will play a role there.
Coal is still the major fuel for electricity production. Global coal consumption, approximately 6.7 billion tons in 2006, is set to reach close 10 billion tons in 2011.
China produces about 70 percent of its electricity from coal and demand there continues to grow. Demand for coal to fuel power plants will climb to 1.4 billion tons by 2015, according to China Huaneng Group Corp.’s Chief Economist Wu Dawei.
So when you hear the next report attempt to downplay the role of coal, don't believe it. It's as needed and in demand as ever, and similar to the oil peak predictions, is pretty much a joke, as coal has been attempted to be painted in the same way, not taking into account the huge amounts of coal being discovered in China, and other places, and extraction methods that have been improved.
Many coal companies will shine, but they still need to be judged by their individual merits and not expect the ongoing coal demand imply all of them will be winners pulled up by the broader sector.
Penn Virginia Resource Partners closed Friday at $27.09, gaining $0.19, or 0.71 percent. Joy Global closed at $96.86, rising $0.89, or 0.93 percent. Alliance Resource Partners ended the session at $75.23, jumping $0.37, or 0.49 percent. Westmoreland Coal Company closed at $16.00, up $0.31, or 1.97 percent.
Friday, April 15, 2011
Coal's Massey (MEE) (ICO) (LLEN) (ANR) (PCX) Trade Mixed
Coal companies have been performing somewhat volatile of late, depending on specific results for each company, even though the overall sector has been doing well recently. Firms like International Coal Group (NYSE:ICO), Massey Energy (NYSE:MEE), L&L Energy (NASDAQ:LLEN), Alpha Natural Resources (NYSE:ANR) and Patriot Coal (NYSE:PCX) closed mixed on Thursday, as the market looks for short-term direction.
Like any sector, coal companies, even within the high-demand industry, still won't be carried solely by the robust market demand.
Even so, approximately 40 percent of global electricity production comes from coal, and that could rise in the years ahead, as coal consumption is expected to increase at a rate of 2.5 percent annually over the next 20 years, according to Research and Markets.
It could even be more than that, as evidenced by the 5 percent increase in 2010, said the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should grow by between 2 to 3 percent.
JPMorgan (NYSE:JPM) also recently said coal prices are up over the last year, but are still below the highs attained before he financial crisis in the latter part of 2008, suggesting room to move higher, although the health of the global economy will play a role there.
Coal is still the major fuel for electricity production. Global coal consumption, approximately 6.7 billion tons in 2006, is set to reach close 10 billion tons in 2011.
China produces about 70 percent of its electricity from coal and demand there continues to grow. Demand for coal to fuel power plants will climb to 1.4 billion tons by 2015, according to China Huaneng Group Corp.’s Chief Economist Wu Dawei.
So when you hear the next report attempt to downplay the role of coal, don't believe it. It's as needed and in demand as ever, and similar to the oil peak predictions, is pretty much a joke, as coal has been attempted to be painted in the same way, not taking into account the huge amounts of coal being discovered in China, and other places, and extraction methods that have been improved.
Many coal companies will shine, but they still need to be judged by their individual merits and not expect the ongoing coal demand imply all of them will be winners pulled up by the broader sector.
Patriot Coal closed Thursday at $24.53, gaining $0.47, or 1.95 percent. Alpha Natural Resources closed at $53.45, falling $0.44, or 0.82 percent. L&L Energy ended the session at $5.75, jumping $0.75, or 15.00 percent. Massey Energy closed at $63.00, down $0.25, or 0.40 percent. International Coal Group closed at $11.04, rising $0.43, or 4.05 percent.
Like any sector, coal companies, even within the high-demand industry, still won't be carried solely by the robust market demand.
Even so, approximately 40 percent of global electricity production comes from coal, and that could rise in the years ahead, as coal consumption is expected to increase at a rate of 2.5 percent annually over the next 20 years, according to Research and Markets.
It could even be more than that, as evidenced by the 5 percent increase in 2010, said the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should grow by between 2 to 3 percent.
JPMorgan (NYSE:JPM) also recently said coal prices are up over the last year, but are still below the highs attained before he financial crisis in the latter part of 2008, suggesting room to move higher, although the health of the global economy will play a role there.
Coal is still the major fuel for electricity production. Global coal consumption, approximately 6.7 billion tons in 2006, is set to reach close 10 billion tons in 2011.
China produces about 70 percent of its electricity from coal and demand there continues to grow. Demand for coal to fuel power plants will climb to 1.4 billion tons by 2015, according to China Huaneng Group Corp.’s Chief Economist Wu Dawei.
So when you hear the next report attempt to downplay the role of coal, don't believe it. It's as needed and in demand as ever, and similar to the oil peak predictions, is pretty much a joke, as coal has been attempted to be painted in the same way, not taking into account the huge amounts of coal being discovered in China, and other places, and extraction methods that have been improved.
Many coal companies will shine, but they still need to be judged by their individual merits and not expect the ongoing coal demand imply all of them will be winners pulled up by the broader sector.
Patriot Coal closed Thursday at $24.53, gaining $0.47, or 1.95 percent. Alpha Natural Resources closed at $53.45, falling $0.44, or 0.82 percent. L&L Energy ended the session at $5.75, jumping $0.75, or 15.00 percent. Massey Energy closed at $63.00, down $0.25, or 0.40 percent. International Coal Group closed at $11.04, rising $0.43, or 4.05 percent.
Coal's Arch (ACI) (NRP) (YZC) (BTU) Trade Mixed
Coal companies have been performing somewhat volatile of late, depending on specific results for each company, even though the overall sector has been doing well recently. Firms like Arch Coal, Inc. (NYSE:ACI), Natural Resource Partners (NYSE:NRP), Yanzhou coal mining Co. (NYSE:YZC) and Peabody Energy Corporation (NYSE:BTU) closed mixed on Thursday, as the market looks for short-term direction.
Like any sector, coal companies, even within the high-demand industry, still won't be carried solely by the robust market demand.
Even so, approximately 40 percent of global electricity production comes from coal, and that could rise in the years ahead, as coal consumption is expected to increase at a rate of 2.5 percent annually over the next 20 years, according to Research and Markets.
It could even be more than that, as evidenced by the 5 percent increase in 2010, said the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should grow by between 2 to 3 percent.
JPMorgan (NYSE:JPM) also recently said coal prices are up over the last year, but are still below the highs attained before he financial crisis in the latter part of 2008, suggesting room to move higher, although the health of the global economy will play a role there.
Coal is still the major fuel for electricity production. Global coal consumption, approximately 6.7 billion tons in 2006, is set to reach close 10 billion tons in 2011.
China produces about 70 percent of its electricity from coal and demand there continues to grow. Demand for coal to fuel power plants will climb to 1.4 billion tons by 2015, according to China Huaneng Group Corp.’s Chief Economist Wu Dawei.
So when you hear the next report attempt to downplay the role of coal, don't believe it. It's as needed and in demand as ever, and similar to the oil peak predictions, is pretty much a joke to say coal is peaking, not taking into account the huge amounts of coal being discovered in China, and other places, while extraction methods have been improved.
Many coal companies will shine, but they still need to be judged by their individual merits and not expect the ongoing coal demand imply all of them will be winners pulled up by the broader sector.
Peabody Energy Corporation closed Thursday at $65.76, falling $0.58, or 0.89 percent. Yanzhou Coal Mining closed at $37.08, gaining $0.49, or 1.34 percent. Natural Resource Partners ended the day at $33.96, dropping $0.22, or 0.64 percent. Arch Coal closed at $33.35, down $0.12, or 0.36 percent.
Like any sector, coal companies, even within the high-demand industry, still won't be carried solely by the robust market demand.
Even so, approximately 40 percent of global electricity production comes from coal, and that could rise in the years ahead, as coal consumption is expected to increase at a rate of 2.5 percent annually over the next 20 years, according to Research and Markets.
It could even be more than that, as evidenced by the 5 percent increase in 2010, said the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should grow by between 2 to 3 percent.
JPMorgan (NYSE:JPM) also recently said coal prices are up over the last year, but are still below the highs attained before he financial crisis in the latter part of 2008, suggesting room to move higher, although the health of the global economy will play a role there.
Coal is still the major fuel for electricity production. Global coal consumption, approximately 6.7 billion tons in 2006, is set to reach close 10 billion tons in 2011.
China produces about 70 percent of its electricity from coal and demand there continues to grow. Demand for coal to fuel power plants will climb to 1.4 billion tons by 2015, according to China Huaneng Group Corp.’s Chief Economist Wu Dawei.
So when you hear the next report attempt to downplay the role of coal, don't believe it. It's as needed and in demand as ever, and similar to the oil peak predictions, is pretty much a joke to say coal is peaking, not taking into account the huge amounts of coal being discovered in China, and other places, while extraction methods have been improved.
Many coal companies will shine, but they still need to be judged by their individual merits and not expect the ongoing coal demand imply all of them will be winners pulled up by the broader sector.
Peabody Energy Corporation closed Thursday at $65.76, falling $0.58, or 0.89 percent. Yanzhou Coal Mining closed at $37.08, gaining $0.49, or 1.34 percent. Natural Resource Partners ended the day at $33.96, dropping $0.22, or 0.64 percent. Arch Coal closed at $33.35, down $0.12, or 0.36 percent.
Coal Firms Alliance (AHGP) (ARLP) (WLB) (CLD) Trade Mixed
Coal companies have been performing somewhat volatile of late, depending on specific results for each company, even though the overall sector has been doing well. Firms like Alliance Resource Partners, (NASDAQ:ARLP), Westmoreland Coal Company (AMEX:WLB), Alliance Holdings GP (NASDAQ:AHGP) and Cloud Peak Energy Inc. (NYSE:CLD) closed mixed on Thursday, as the market looks for short-term direction.
Like any sector, coal companies, even within the high-demand industry, still won't be carried solely by the robust market demand.
Even so, approximately 40 percent of global electricity production comes from coal, and that could rise in the years ahead, as coal consumption is expected to increase at a rate of 2.5 percent annually over the next 20 years, according to Research and Markets.
It could even be more than that, as evidenced by the 5 percent increase in 2010, said the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should grow by between 2 to 3 percent.
JPMorgan (NYSE:JPM) also recently said coal prices are up over the last year, but are still below the highs attained befort he financial crisis in the latter part of 2008, suggesting room to move higher, although the health of the global economy will play a role there.
Coal is still the major fuel for electricity production. Global coal consumption, approximately 6.7 billion tons in 2006, is set to reach close 10 billion tons in 2011.
China produces about 70 percent of its electricity from coal and demand there continues to grow. Demand for coal to fuel power plants will climb to 1.4 billion tons by 2015, according to China Huaneng Group Corp.’s Chief Economist Wu Dawei.
So when you hear the next report attempt to downplay the role of coal, don't believe it. It's as needed and in demand as ever, and similar to the oil peak predictions, is pretty much a joke, as coal has been attempted to be painted in the same way, not taking into account the huge amounts of coal being discovered in China, and other places, and extraction methods that have been improved.
Many coal companies will shine, but they still need to be judged by their individual merits and not expect the ongoing coal demand imply all of them will be winners pulled up by the broader sector.
Cloud Peak Energy closed Thursday at $20.64, falling $0.45, or 2.13 percent. Alliance Resource Partners closed at $49.61, dropping $0.57, or 1.14 percent. Westmoreland Coal Company ended the day at $15.75, gaining $0.23, or 1.48 percent. Alliance Holdings GP closed at $49.61, down $0.57, or 1.14 percent.
Like any sector, coal companies, even within the high-demand industry, still won't be carried solely by the robust market demand.
Even so, approximately 40 percent of global electricity production comes from coal, and that could rise in the years ahead, as coal consumption is expected to increase at a rate of 2.5 percent annually over the next 20 years, according to Research and Markets.
It could even be more than that, as evidenced by the 5 percent increase in 2010, said the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should grow by between 2 to 3 percent.
JPMorgan (NYSE:JPM) also recently said coal prices are up over the last year, but are still below the highs attained befort he financial crisis in the latter part of 2008, suggesting room to move higher, although the health of the global economy will play a role there.
Coal is still the major fuel for electricity production. Global coal consumption, approximately 6.7 billion tons in 2006, is set to reach close 10 billion tons in 2011.
China produces about 70 percent of its electricity from coal and demand there continues to grow. Demand for coal to fuel power plants will climb to 1.4 billion tons by 2015, according to China Huaneng Group Corp.’s Chief Economist Wu Dawei.
So when you hear the next report attempt to downplay the role of coal, don't believe it. It's as needed and in demand as ever, and similar to the oil peak predictions, is pretty much a joke, as coal has been attempted to be painted in the same way, not taking into account the huge amounts of coal being discovered in China, and other places, and extraction methods that have been improved.
Many coal companies will shine, but they still need to be judged by their individual merits and not expect the ongoing coal demand imply all of them will be winners pulled up by the broader sector.
Cloud Peak Energy closed Thursday at $20.64, falling $0.45, or 2.13 percent. Alliance Resource Partners closed at $49.61, dropping $0.57, or 1.14 percent. Westmoreland Coal Company ended the day at $15.75, gaining $0.23, or 1.48 percent. Alliance Holdings GP closed at $49.61, down $0.57, or 1.14 percent.
Thursday, March 31, 2011
Hess (HES) (CNX) (OXY) Shares Rise as Energy Surges
Shares of Hess (NYSE:HES) Consol Energy (NYSE:CNX) and Occidental Petroleum (NYSE:OXY) are all jumping today as the oil price reached its highest level since 2008 and uncertainty surrounding nuclear because of the Japan earthquake disaster has other segments like coal and natural gas looking to increase in demand.
The price of oil continues to rise on the ongoing conflict in Libya, which has pushed the price per barrel past $106 today.
Natural gas prices are also expected to start rising, as they stand at lows because of the large amount of supply. That could level off again as the events around the world settle down.
Hess was trading at $85.35, gaining $1.54, or 1.84 percent, as of 12:19 PM EDT. Consol was trading at $54.45, up $1.14, or 2.14 percent. Occidental was at $105.15, rising $1.39, or 1.34 percent.
The price of oil continues to rise on the ongoing conflict in Libya, which has pushed the price per barrel past $106 today.
Natural gas prices are also expected to start rising, as they stand at lows because of the large amount of supply. That could level off again as the events around the world settle down.
Hess was trading at $85.35, gaining $1.54, or 1.84 percent, as of 12:19 PM EDT. Consol was trading at $54.45, up $1.14, or 2.14 percent. Occidental was at $105.15, rising $1.39, or 1.34 percent.
Massey (MEE) Awarded WV Mining Permit from CofE
Massey Energy (NYSE:MEE) was awarded a permit from the United States Army Corps of Engineers to start mining for coal in West Virginia.
Estimates are the Reylas Surface Mine in Logan County should produce about 1 million tons of coal annually over a six-year period.
With demand for coal rising, Massey continues to increase production, which rose in 2010 and is expected to reach about 30 million tons annually, although there is the definite possibility those numbers could rise, along with demand.
Only Arch Coal (NYSE:ACI), Peabody Energy (NYSE:BTU) and CONSOL Energy (NYSE:CNX) are larger coal companies in the United States than Massey, which closed Wednesday at $68.51, gaining $0.44, or 0.65 percent.
Estimates are the Reylas Surface Mine in Logan County should produce about 1 million tons of coal annually over a six-year period.
With demand for coal rising, Massey continues to increase production, which rose in 2010 and is expected to reach about 30 million tons annually, although there is the definite possibility those numbers could rise, along with demand.
Only Arch Coal (NYSE:ACI), Peabody Energy (NYSE:BTU) and CONSOL Energy (NYSE:CNX) are larger coal companies in the United States than Massey, which closed Wednesday at $68.51, gaining $0.44, or 0.65 percent.
Friday, March 18, 2011
Shares of Patriot Coal (PCX), (ANR) (EEE) Jump on Japan Demand
Evergreen Energy (NYSE:EEE), Alpha Natural Resources (NYSE:ANR) and Patriot Coal (NYSE:PCX) joined other coal companies in a rising share price, as expected coal demand in Japan will soar in order to replace the loss of electricity generated from the nuclear reactors.
Other energy sectors such as wind and solar have been pushed up, but that's unsustainable, as there's nothing in that segment of the market that can help Japan in any way.
Another major product expected to rise in demand in Japan is liquefied natural gas, in which Japan is the largest importer in the world at this time.
For now there will be rolling blackouts until power is sufficiently restored in the country.
Patriot Coal closed Thursday at $23.63, gaining $0.31, or 1.33 percent. Alpha Natural Resources ended the trading day at $55.02, up $2.10, or 3.97 percent. Evergreen Energy closed at $2.93, rising $0.14, or 5.21 percent.
Other energy sectors such as wind and solar have been pushed up, but that's unsustainable, as there's nothing in that segment of the market that can help Japan in any way.
Another major product expected to rise in demand in Japan is liquefied natural gas, in which Japan is the largest importer in the world at this time.
For now there will be rolling blackouts until power is sufficiently restored in the country.
Patriot Coal closed Thursday at $23.63, gaining $0.31, or 1.33 percent. Alpha Natural Resources ended the trading day at $55.02, up $2.10, or 3.97 percent. Evergreen Energy closed at $2.93, rising $0.14, or 5.21 percent.
Monday, February 7, 2011
Arch Coal (NYSE:ACI), Cloud Peak Energy (NYSE:CLD), Peabody Energy (NYSE:BTU) Would Benefit Greatly from Pacific Export Terminal
Arch Coal (NYSE:ACI), Cloud Peak Energy (NYSE:CLD) and Peabody Energy (NYSE:BTU) stand to benefit strongly from the proposed Washington State coal export terminal by Ambre Energy.
The company proposes to build a coal export terminal on the Columbia River in Longview, Washington. Once operational it would deliver over 5 million tons of coal to the coal-hungry nations of China, Japan, South Korea, and India, where demand for coal continues to grow.
The state granted a permit for Ambre to convert a former aluminum smelter into an export terminal.
Radical environmentalists, as usual, oppose the terminal, citing the tired old lie of global warming or climate change as the reason it shouldn't be allowed to go forward.
A typically clueless lawyer for Earthjustice named Jan Hasselman, said, "How are we going to get to the climate goals that
scientists have said are necessary? These decisions are being made by others, such as the coal companies, by default."
Hasselman needs to do some homework, as scientists haven't come to any type of consensus to there even being such a thing a man-made global warming, as a matter of fact, tens of thousands say the so-called science behind it is flawed and inaccurate.
Even the e-mails discovered from global warming proponents saying they had made up some of their data supporting man-made global warming hasn't stopped the fanatical true believers from continuing to spew their unprovable assertions.
As a matter of fact, data show the earth has been cooling for over a decade, and will probably be entering into a much colder period of time than it has been even recently.
One way or the other there will be delivery terminals for coal to Asia, as the demand will be there for decades, and it would be irresponsible not to meet that demand with American coal.
As for Arch Coal, Cloud Peak Energy and Peabody Energy, they will be among the top beneficiaries of a coal-exporting terminal in the short term, which would probably attract much more investment to meet the energy needs of Asia.
Cloud Peak Energy closed Friday at $23.66, down $0.52, or 2.15 percent. Peabody Energy closed at $63.48, down $1.31, or 2.02 percent. Arch Coal closed Friday at $33.50, down $0.48, or 1.41 percent.
The company proposes to build a coal export terminal on the Columbia River in Longview, Washington. Once operational it would deliver over 5 million tons of coal to the coal-hungry nations of China, Japan, South Korea, and India, where demand for coal continues to grow.
The state granted a permit for Ambre to convert a former aluminum smelter into an export terminal.
Radical environmentalists, as usual, oppose the terminal, citing the tired old lie of global warming or climate change as the reason it shouldn't be allowed to go forward.
A typically clueless lawyer for Earthjustice named Jan Hasselman, said, "How are we going to get to the climate goals that
scientists have said are necessary? These decisions are being made by others, such as the coal companies, by default."
Hasselman needs to do some homework, as scientists haven't come to any type of consensus to there even being such a thing a man-made global warming, as a matter of fact, tens of thousands say the so-called science behind it is flawed and inaccurate.
Even the e-mails discovered from global warming proponents saying they had made up some of their data supporting man-made global warming hasn't stopped the fanatical true believers from continuing to spew their unprovable assertions.
As a matter of fact, data show the earth has been cooling for over a decade, and will probably be entering into a much colder period of time than it has been even recently.
One way or the other there will be delivery terminals for coal to Asia, as the demand will be there for decades, and it would be irresponsible not to meet that demand with American coal.
As for Arch Coal, Cloud Peak Energy and Peabody Energy, they will be among the top beneficiaries of a coal-exporting terminal in the short term, which would probably attract much more investment to meet the energy needs of Asia.
Cloud Peak Energy closed Friday at $23.66, down $0.52, or 2.15 percent. Peabody Energy closed at $63.48, down $1.31, or 2.02 percent. Arch Coal closed Friday at $33.50, down $0.48, or 1.41 percent.
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