Coal will continue to rise in price as bad weather and other factors cut production, a Citigroup analyst says. The bank raised its forecast for thermal coal, saying prices will double this year. While demand for coal keeps rising as the world's electricity use expands, blizzards in China, power outages in South Africa, and floods in Queensland have cut world output.
Ways to play Coal:
Arch Coal (ACI)
Consolidated Energy (CNX)
Burlington Northern (BNI) - transports coal
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment