|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||12.83 - 12.94|
|52 Week Range||12.24 - 16.57|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.01|
|Expense Ratio (net)||0.60%|
For the first time in a century, Britain weaned itself off of coal consumption for an entire week. Reuters reported that Britain went seven days without relying on any power generated by coal-powered ...
The VanEck Vectors Coal ETF (KOL) is up nearly 9% this year, lagging broad equity benchmarks, but there is perhaps an under-appreciated element to the coal story. Compounding woes for the U.S. coal industry are the declining costs associated with alternative energy sources, such as solar. “The availability of plentiful and cheap natural gas has had a dramatic impact on electricity generation in the U.S.,” according to FactSet.
Declining costs for alternative energy coupled with countries and states pushing for increased use of clean energy sources are among the factors weighing on the global coal industry. Much of that jump was accumulated from mid-2016 through 2017, indicating KOL responded positively to Donald Trump taking the White House in November 2016. On the 2016 campaign trail, Trump promised to rejuvenate the U.S. coal industry.
Shares of coal miners have had a rough go of it over the past year. The VanEck Vectors Coal ETF (KOL) is lower by nearly 16% over the past 12 months, but there is at least one bright spot when it comes to investing in coal miners: these companies are rewarding investors with buybacks and dividends. “U.S. coal companies returned almost $3.7 billion in dividends and buybacks to shareholders in the 12 months through September, and S&P Global Ratings expects more of the same this year.
For 2018, Vale is guiding for 12 million tons of coal production, which implies flat growth year-over-year. Building a buffer: Vale is building a buffer stockpile to increase availability. Most coal companies (KOL) including Peabody Energy (BTU), Westmoreland Coal (WLB), and Alliance Resource Partners (ARLP) are facing challenges due to falling coal demand.
VanEck announced today preliminary yearend distribution estimates for its VanEck Vectors® equity exchange-traded funds.
Are coal stocks about to heat up? President Trump will be talking about coal on Tuesday and if there is some positive vibe there could be a temporarily bump in the commodity. In turn, the small group of coal stocks may get a bid through some price resistance.