Coal Producers Are Down but These Two Are Far From Out
After the recent announcement from the Tennessee Valley Authority that eight more coal plants will be permanently shutdown, the research firm SNL Energy lowered its estimates of the amount of coal power generation that will be in use at the start of the next decade. While coal power generation is still a cost leader today, cheap natural gas feed-stock and potential carbon tax legislation could further hamper the maimed industry.
The good news for producers is coal-powered electric generation will still be a big player worldwide for at least the majority of this century. While coal companies are incredibly cheap, investors still need to be selective to find hidden gems in the space.
Make money in 2014, invest here:
The market stormed out to huge gains across 2013, leaving investors on the sidelines burned. However, opportunistic investors can still find huge winners. The Motley Fool's chief investment officer has just hand-picked one such opportunity in our new report: "The Motley Fool's Top Stock for 2014." To find out which stock it is and read our in-depth report, simply click here. It's free!
This segment is from Tuesday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors @TMFEnergy.
The article Coal Producers Are Down but These Two Are Far From Out originally appeared on Fool.com.Joel South has no position in any stocks mentioned. Taylor Muckerman owns shares of CONSOL Energy. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.