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Message: Coal price

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Delgardo

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Re: Coal price

in response to Re: Coal price by kieran

posted on Jan 23, 09 04:08AM

Recent numbers were good. Good production, good cash flow and good cost control. Coal stocks have been killed in the last month or so but the cash flow hasn’t changed. Less than 2X forward cash flow. Had a great huge breakout when it exceeded the $1.75 area. Chart at the time showed a fantastic move. What's next is up to the markets and supply. Demand for Energy in actuallity has not really changed. In fact the world demand for Energy (regardless of source) has gone up!!

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