Coal has stayed in the news throughout 2011, as companies like Peabody Energy (NYSE:BTU), Alpha Natural Resources (NYSE:ANR) and Walter Energy (NYSE:WLT) have all been active in trying to build their thermal coal positions. Powder River Basin coal, too, has been a hot topic as more and more utilities switch to this plentiful and (arguably) less environmentally damaging coal reserve.
And Penn Virginia Resource Partners (NYSE:PVR) is involved in exactly none of that. Still, the fact remains that leasing thermal coal reserves and operating midstream gas assets is a cash-generating proposition, and Penn Virginia offers investors a tax-advantaged income stream tied directly to natural resources without much of the volatility seen in the sector.
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