Coal Still Isn't Cool, But Don't Count Out These Companies
After another week of bearish natural gas reports, most coal stocks were hit by negative analyst reports. Even though a lot of the news suggests a more bullish environment for coal, the market isn't finding the stocks appealing.
The quarterly coal report from the EIA and the weekly natural gas inventory report should remind investors that not only is coal still alive, but it could have a surprisingly strong future. Domestic focused producers in the Western U.S. and Illinois Basin will benefit the most, providing some upside potential for Cloud Peak Energy (NYSE: CLD ), Arch Resources (NYSE: ACI ), and Alpha Natural Resources (NYSE: ANR ).
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Disclosure: Long ANR. Please review the disclaimer page for more details.