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Message: China's bailout

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Miltos

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Re: China's bailout

in response to China's bailout by Delgardo

posted on Nov 12, 08 04:43AM

I think the drop in crude oil prices has hindered the coal sector. If you look across the board, you will notice a 60%-70% decline in your coal stocks share value; consequently oil is also down 64.3% since hitting a high of 148 per barrel. Once oil creeps back up to its market value (I believe it should be trading at no more than 85 dollars per barrel; and its average should be in the 75-79 range) then you will see these companies stabilize and build for the future. Obama in office could help coal in the next 4 years

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