Posted by wile E on August 03, 2014 at 03:55:52 from (71.82.74.231):
As some of you may know the lower natural gas prices has caused the coal mining companies to take a beating. There are 2 companies that have their stock price down.......a lot.
1. Peabody energy, Stock price is now $15 per share. This company is the worlds largest coal producer operations on 6 continents. Stock prices was over 50 bux for a long time. I would like to buy this stock.
2. Alpha natural resources. Stock price is now $3.30 per share.....all time low for this too. This company was started in 2002, went public in 04.
If any of you fellas work for 1 of these companies or know of someone who does I would like to know what the overall attitude is at the company and how secure the company(s) are for the future. I have read the statements by the companies and due to coal prices being lower which is hurting profits at both.
The other stuff that effects the companies are the threat of a union strike, environmental concerns for coal, railroad issues, mine safety, and many more to list. Alpha natural resources in the last year was at 8.20 per share, continues to fall.
Mining of coal is a basic need for producing steel, generating electricity, has been cheap for looong time. Once coal prices recover then these companies will be in the black.
These companies would be a great investment if coal prices recover. Natural gas has beaten up the coal market and if NG inventories drop, or there are shortages then coal should do better.
Chime in if you have an educated opinion on this. I sure would like to help out my IRA. Thanks in advance.
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