High quality tactical firearm training. Click Here!

Featured Post

Latest Gold News

What could drive capital into gold stocks   A road never traveled: The great risk of quantitative tightening Roxgold ups full year gol...

Friday, September 30, 2011

Peabody (BTU) (CNX) (CLD) Top Coal Picks of Credit Suisse (CS)

Credit Suisse (NYSE:CS) says among coal firms they like those with more thermal exposure, such as Peabody Energy (BTU), Consol Energy (CNX) and Cloud Peak Energy (CLD).

The giant bank cited an improving thermal market in the U.S. as the catalyst behind their assertion.

Coal companies like Alpha Natural Resources (ANR) and Arch Coal (ACI) are less desirable in the eyes of Credit Suisse, as they have more exposure to metallurgical coal.

Credit Suisse noted that the drawdown in inventory of 18 million tons in the U.S. was the highest since 1995.

They see the thermal coal market in the U.S. to continue to be strong.

Peabody was trading at $34.44, down $1.54, or 4.28 percent, as of 11:01 AM EDT. Consol Energy was at $34.52. down $0.50, or 1.43 percent. Cloud Peak Energy was at $17.37, falling $0.38, or 2.14 percent.

No comments: