Cheap natural gas is replacing coal.I'm short via puts.Bye bye jrcc, pcx,btu, etc
Wow...I sure wouldn't be comparing JRCC (Appalachia) to BTU, King of the Powder River Basin. How do you come up with that one ?? CLD, BTU, ANR..great, solid coal plays long term. They will feed China and India even MORE coal as growth resumes.
Coal is NOT dead. It's sleeping. Nat Gas producers will NOT operate at a loss for ever. We will mine and burn coal until there is none left in the world. Just a fact.