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Stock in Arch Coal

Posted on 5/14/13 at 2:15 pm
Posted by Crimsonsaint24
Alabama
Member since Jul 2011
552 posts
Posted on 5/14/13 at 2:15 pm
I was looking at the coal market being hammered and trying to decide if I should take a chance on Arch Coal? I also have been looking at Molycorp do any of you guys have stock in these companies?
Posted by djmicrobe
Planet Earth
Member since Jan 2007
4970 posts
Posted on 5/14/13 at 7:06 pm to
Got MCP at $4.95. I placed an order below $5, but I did not think it would go that low.
Just got lucky.
I'd like to know people's take on PAL. It's almost $1. At what point is it a takeover candidate?
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 5/14/13 at 10:59 pm to
I wouldn't buy coal now with natural gas trading at $4/mcf and all estimates saying we won't see $5 until 2020...coal is rapidly losing its share of the power gen market to gas and there doesn't seem to be anything to slow the trend.
Posted by TheSurge
The Keg
Member since Nov 2009
183 posts
Posted on 5/15/13 at 11:57 am to
ANR is a better coal company, higher upside due to Asian demand for metallurgical coal.
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