Sector rotation for the next Quarter. X is getting killed today too.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
coal stock r punished
- Thread starter gobar
- Start date
Sector rotation for the next Quarter. X is getting killed today too.
Quote from matgallis:
coal is trading with crazy future expectations. There's no doubt this bubble is growing quickly right along side with potash plays.
Well at least with some of the potash companies they've blasted through earnings expectations...how many times have we seen CF/AGU/MOS/POT crush expectations? Maybe we'll see it in a few weeks with the coals, however if they show week earnings expect a thick, juicy, delicious sell-off.
Quote from moo:
Looks like you are going to make a big mistake. Big down moves are a huge warning sign, not a buy signal.
Very true. If you look at oil and fertilizers they all had some large down days before resuming their uptrend.. but if you look at the shipping sector, they sold off and never resumed... It seems that if they close off their lows that it is bullish.. but the fact that they closed at their lows seems pretty bearish.
went long MEE at the close, then got scared at the last second, so I hedged it with BTU short. lol MEE down 2.50 and BTU down 3.00 AH. I guess i'm in the money. =)
Citigroup upgrades Peabody Energy and Arch Coal in improved view of coal sector
Thursday, July 03, 2008;
Citigroup added that powder river basin (PRB) coal could be "the next leg" in what it called the coal bull market in 2009 and 2010.
The firm's upgrade of Arch came as the company is "most insulated from the downtick in European thermal prices, as its Central Appalachian exposure is largely met and the PRB accounts for the bulk of tonnage."
The upgrade of Peabody was based on similar logic, it Citigroup said, though it also said that Peabody has underperform the sector so far this year, and that it had attractive exposure to Australian exports.
Citi also increases price target on ACI from $63 to $86 and on BTU from $69 to $105.
http://www.tradingmarkets.com/.site/news/Stock News/1733395/
http://www.streetinsider.com/Upgrades/Citi+Upgrades+Arch+Coal+(ACI)+and+Peabody+Energy+(BTU)+from+Hold+to+Buy/3794810.html
Thursday, July 03, 2008;
Citigroup added that powder river basin (PRB) coal could be "the next leg" in what it called the coal bull market in 2009 and 2010.
The firm's upgrade of Arch came as the company is "most insulated from the downtick in European thermal prices, as its Central Appalachian exposure is largely met and the PRB accounts for the bulk of tonnage."
The upgrade of Peabody was based on similar logic, it Citigroup said, though it also said that Peabody has underperform the sector so far this year, and that it had attractive exposure to Australian exports.
Citi also increases price target on ACI from $63 to $86 and on BTU from $69 to $105.
http://www.tradingmarkets.com/.site/news/Stock News/1733395/
http://www.streetinsider.com/Upgrades/Citi+Upgrades+Arch+Coal+(ACI)+and+Peabody+Energy+(BTU)+from+Hold+to+Buy/3794810.html
Quote from aresky:
Citigroup upgrades Peabody Energy and Arch Coal in improved view of coal sector
Thursday, July 03, 2008;
Citigroup added that powder river basin (PRB) coal could be "the next leg" in what it called the coal bull market in 2009 and 2010.
The firm's upgrade of Arch came as the company is "most insulated from the downtick in European thermal prices, as its Central Appalachian exposure is largely met and the PRB accounts for the bulk of tonnage."
The upgrade of Peabody was based on similar logic, it Citigroup said, though it also said that Peabody has underperform the sector so far this year, and that it had attractive exposure to Australian exports.
Citi also increases price target on ACI from $63 to $86 and on BTU from $69 to $105.
http://www.tradingmarkets.com/.site/news/Stock News/1733395/
http://www.streetinsider.com/Upgrades/Citi+Upgrades+Arch+Coal+(ACI)+and+Peabody+Energy+(BTU)+from+Hold+to+Buy/3794810.html
I'm with Citigroup on this one. There is no way China is going to stop building those dozens of coal plants, or shut down the new ones they are brining on line literally weekly.
I'm not bullish on oil, but I'm very bullish on coal.