Until very recently, it seemed like thermal coal producers couldn't buy a
break. Utility inventories were well above historical averages, prices
were barely sufficient to break even, and demand continued to decline
(as seen in the traffic numbers for major railroads). That's taken the
price of Arch Coal (NYSE:ACI),
the country's second-largest coal producer) down more than 90% over the
past five years. Now it seems like there are some signs of life in the
thermal coal market, but will the recovery be strong enough to
meaningfully improve the fundamentals for this struggling coal producer?
Read more here:
http://www.investopedia.com/stock-analysis/052913/will-improving-thermal-coal-markets-boost-arch-coal-aci-btu-cld-cnx.aspx
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