Should You Jump on the Coal Train?
Coal companies have been beaten down ever since natural gas became more competitive. Utilities began switching over at alarming rates, and the coal companies that couldn't curtail production or buoy their income statements with exports simply didn't stand a chance. However, now that the price of natural gas has been steadily rising for a little over a month, some relief may be in sight for the low-cost producers in the Powder River and Illinois basins.
For more details, see the following video.
The coal industry in the United States has been in a state of flux since the arrival of a cheaper alternative for energy production: natural gas. Exports are becoming a much bigger part of the domestic coal landscape, and Peabody Energy has deals in place to get its cheaper coal from the Powder River and Illinois basins to India, China, and the EU. For investors looking to capitalize on a rebound in the U.S. coal market, The Motley Fool has written a special new premium report detailing exactly why Peabody Energy is perhaps most worthy of your consideration. Don't miss out on this invaluable resource -- simply click here now to claim your copy today.
The article Should You Jump on the Coal Train? originally appeared on Fool.com.Richard Engdahl, Taylor Muckerman, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.