Rocket Coal Stocks
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Date updated:02-05-2009

While most commodity prices have fallen off a complete cliff from their respect June and July peaks, spot prices for all forms of coal have held up reasonably well as of late.
Prices for North Appalachia, Central Appalachia, Illinois Basin, Uinta Basin, and Powder River Basin coal while down, have shown relative strength versus Oil, Corn, Wheat, Urea, and other essential commodities tied directly to global consumption
In fact as of December 2008: Newcastle coal is up 10%, Powder River Basin coal is up 21%, Colorado coal is up 143%, and Illinois Basin coal is up 143% all for the year. This compares with Oil which is down 45%, Copper which is down 55%, and Iron ore which is down 56%

symbol name last price % change open
  • +
  • BTU
    Peabody Energy Co
  • $45.39
  • -1.24%
  • $45.17

One of the main ideas in the Coal Stocks portfolio is Peabody Energy (BTU) who recently reported 2008 fourth quarter earnings that exceeded Wall Street’s expectations as the company reported net income of $293.3 million, or $1.1 per share in the 4th quarter, up from $35.6 million or $0.13 cents per share a year earlier. Revenue in the most recent quarter rose a whopping 61% to $1.9 billion from $1.2 billion. For the year, Peabody’s revenue is up 40%, EBITDA is up 85%, operating profit up 128%, earnings per share (EPS) is up 188%, and cash flow is up 48% Currently, Peabody has a $1 billion dollar stock buyback in place, which equates to about 17% of total shares outstanding

People owning BTU also tend to own: AAPLBRCMCCJCNQCTRPGGGOOG

TheStreet.com Rating: B- What is this?

  • +
  • ACI
    Arch Coal Inc
  • $22.26
  • -2.88%
  • $22.60

Another interesting idea are shares of Arch Coal (ACI) which just missed 2008 fourth quarter earnings expectations after reporting earnings per share of $0.44 cents versus Wall Street estimates of $0.56 cents per share. Net income for the quarter was $65.3 million, compared with $81.4 million a year ago. Arch Coal reported total revenue of $729.9 million in fourth quarter, up 13% from revenue of $644.4 million a year ago. For the full year 2008, Arch Coal reported record net income of $354.3 million, or $2.45 per share, compared with $174.9 million, or $1.21 per share. For 2009, Arch gave forecast sales volumes of 120 million to 127 million tons for 2009, down from 137.8 million tons in 2008

People owning ACI also tend to own: AAPLAEMCOPERFGOOGHALNE

TheStreet.com Rating: C What is this?

  • +
  • CNX
    Cons Energy Inc
  • $46.00
  • -3.26%
  • $47.14

No Analysis added

People owning CNX also tend to own: AAVABXAADGAMATAQRBGRBXL

TheStreet.com Rating: B What is this?

  • +
  • MEE
    Massey Energy Co
  • $37.99
  • -0.11%
  • $37.49

No Analysis added

People owning MEE also tend to own: CLCTDENNFFEXJBSSJRCCMSFTPBY

TheStreet.com Rating: B- What is this?

  • +
  • FCL
    Fcl
  • $0.00
  • N/A
  • $N/A

No Analysis added

People owning FCL also tend to own: ACIADVDXARTKXASX.VBPTRXBTUCCJ

TheStreet.com Rating: No Rating What is this?

  • +
  • JOYG
    Joy Global Inc.
  • $54.03
  • -1.51%
  • $54.15

No Analysis added

People owning JOYG also tend to own: BAXBOBJDELLEBAYHANSRMIXSBUX

TheStreet.com Rating: B- What is this?

  • +
  • WLT
    Walter Energy
  • $69.83
  • +0.26%
  • $68.58

No Analysis added

People owning WLT also tend to own: AAVABXAADGAMATAQRBGRBXL

TheStreet.com Rating: B- What is this?

  • +
  • BUCY
    Bucyrus Internati
  • $52.06
  • -1.05%
  • $51.63

No Analysis added

People owning BUCY also tend to own: ECAFLIRHANSINGRTMVLOWIRE

TheStreet.com Rating: C What is this?

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