I just searched The street.com website to read Cramer's opinion on BTU. They are all good, actually he likes BTU a lot. The attached one has a very good long term view.http://www.thestreet.com/_tscs/funds/realmoneyradiowrap/10248618_2.html
Cramner is bullish on BTU, but he also recommended buying it below $80. Price matters.
Cramner was bearish on BTU when the price was 79 not long time ago.
Last I heard coal supplies were 30% below average, and of course this is a cold winter and the power plants are churning out tons of electricity.Also, duh, NG at 15 makes coal look very cheap to any facility that can burn either/or.Also, a split is a very likely. This is about the range where they announced the last two for one.
I have a feeling the price will touch $77. The company's balance sheet cannot sustain these high prices. I have set a buy at $77.
I have a feeling the price will touch $77. The company's balance sheet has cannot sustain these high prices. I have set a buy at $77.