Cold weather and higher natural gas prices have arrived in force, but it may be too little too late for James River Coal (JRCC)
and its investors. This Appalachian coal company has made
under-appreciated strides in lowering its production cost base and
rationalizing production levels to prevailing prices, but it may not be
enough. With liquidity running thin and coal prices still short of where
they need to be, James River is going to have to pull a rabbit or two
out of its hat to maintain enough liquidity to see any benefit from a
2015/2016 recovery in coal prices.
Read the full article here:
James River Coal Fighting A Losing Battle With Time
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