Thursday, August 29, 2013

Will king coal return? Lead by Peabody?

Will king coal return? Lead by Peabody? Boy I hope so I own Peabody stock.  There is article in this weeks on Peabody and in the introduction on table contents it states,"Shares of the world's largest private-sector coal company could double,as a better balance between supply and demand boost coal prices." Demand from electric utilities in the U.S,Peabody's biggest customer,has increase for coal since price of natural gas has begin rise,and since Peabody owns mines in Australia beside western United States,it will help from demand from countries like Japan and Germany which abandoning nuclear power,plus emerging market like China and India where coal-fired plants are cheapest sourse of electricity will add demand for coal.
Of course,the Obama adminstration hates coal so kept that in mind,but still a stock like Peabody is near bottom,a good company so upside is there and maybe for big gains. 

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