Most coal stocks down around 5%. WLt and JRCC at multi year lows. There is talk of bankruptcy for JRCC. Believe ALL coal stocks will continue down until first quarter results are announced. Not going to be pretty!
For BTU, earnings will be in around 2 weeks (I think).
Oh say can you see.......
The shorts are having their fun now but the increased prices of natural gas in the US will change the outlook for coal.
Once the outlook changes then the coal stock prices will start going up.
I am going to miss the shorts with their coal is dead and all the companies are going bankrupt rant.
In the meantime, the shorts have given investors with a long term view a buying opportunity.