coal

| ZeroHedge

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Coal – The Ignored JuggernautSubmitted by Tyler Durden on 06/30/2012 09:38 -0400Submitted by PeakProsperity.com contributing editor Gregor MacdonaldCoal – The Ignored JuggernautOil, natural gas, and alternatives dominate the headlines when it comes to energy. But theres a big and largely-overlooked revolution occurring with the energy source likely to become the most preferred fuel for a world in economic decline: coal.The United States coal sector has been hit very, very hard this spring. Demand has been crushed by over 10%, as warm weather and bountiful supplies of cheap natural gas have induced power plant operators and all other users where possible … Read more

What we did today

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We like domestic energy plays in the U.S, which means natural gas, coal, and oil in the Baaken and Gulf of Mexico.   They are all getting crushed on the China slow down syndrome but in reality currently ship little to China.  Exports represented 7.5 percent of production in 2010.  Natural gas exports were negligible. We bought come coal miners, Arch Coal, more Alpha Natural, Hess and Chevron. ANR reached a low of $16.80 in March of 2009.  We closed at $19.91 today down from $65 at the beginning of the year.  Arch Coal reached a 2009 low of $15.20.  It’s there again … Read more