The earthquake in Japan which resulted in the damage to nuclear reactors has generated all sorts of speculation, including the perception coal gasification could strengthen, along with companies like Synthesis (NASDAQ:SYMX), which is soaring on Chinese investors showing a big interest in the company.
Coal and coal companies are enjoying a big boost in light of the Japanese nuclear disaster, which has extended to Synthesis.
A technology license held by Synthesis Energy Systems has some investors and the company believing they have a competitive advantage in the converting of lower grade coal to natural gas without alleged harmful emissions.
This is the type of company and play that is impossible to read, but will and has made some short-term money for investors. Once the Japanese disaster moves out of the headlines and nuclear energy resumes its expansion, it's difficult to tell if this will become sustainable.
Synthesis closed Monday at $3.74, gaining $0.28, or 8.09 percent.
Tuesday, April 19, 2011
Synthesis (SYMX) Jumps on Perceived Coal Gasification Demand
Labels:
Coal Demand,
Synthesis
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