When have you heard any really good news about coal (thermal or met)?? Last year it was all about
china's starting one new coal fired electric generating plant each week. Haven't heard that lately. Last year, China was going to accelerate the infrastructure projects and gear up steel production. Have heard nothing about that lately. I believe that coal companies are facing a very big shack out. Low prices, more mine closures and more bankruptcies. Convince me that I am wrong.
Don't get bummed out - just stop and think about it.
I think coal markets are in the process of shifting away from the US. (because of environmentalists)
The new markets are over seas and I think out of all the coal companies, BTU is in the BEST position to export coal in order to satisfy these new foreign markets or, more simply put, BTU is in the best position to make money overseas.
Headwinds, are the Obama Administration and the Chinese economy.
For now, we have hunker down and wait til Obama leaves office and/or the Chinese economy corrects and starts to head its way back up.