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Alpha Natural Resources, inc. c Message Board

  • g.maxito g.maxito Sep 4, 2012 2:52 AM Flag

    news out

    NEW YORK, NY -- (Marketwire) -- 09/03/12 -- Shares of companies in the coal industry have lagged in the market in 2012. The Market Vectors-Coal ETF (KOL) -- which replicates an index that provides exposure to publicly traded companies worldwide that derive greater than 50% of their revenues from the coal industry -- has fallen over 30 percent this year. Five Star Equities examines the outlook for companies in the Coal Industry and provides equity research on Alpha Natural Resources, Inc. (NYSE: ANR) and Walter Energy, Inc. (NYSE: WLT).

    Plummeting prices and strict environmental regulations have continued to plague the coal industry. Several miners have reduced production further this year as demand falls in the U.S. and China. According to data from the U.S. Energy Information Administration domestic output will decline by 81 million tons in 2012.

    The coal industry received a boost last week after a federal appeals court ruled against the U.S. Environmental Protection Agency's cross-state air pollution rule. The court stated that the EPA had overstepped their authority and imposed "massive emissions reduction requirements" that were too strict.

    Sentiment: Buy

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ANR
0.2382-0.0219(-8.42%)Jul 15 4:01 PMEDT