This the first of a tow part report. The first focuses more on the “Coal is dead part”.
http://www.fool.com/investing/general/2015/04/11/coal-is-dead-its-time-to-accept-it.aspx
Coal Is Dead: It’s Time to Accept It
The coal industry is on life support, and that’s not changing anytime soon.
Let’s face it: Coal is dead, and it’s been a long time coming. Peabody Energy (NYSE:BTU), Arch Coal (NYSE:ACI), Alpha Natural Resources (NYSE:ANR), and others are just barely holding onto survival while reporting hundreds of millions in losses annually. But they’ll eventually be scrapped for parts as the energy industry moves to cheaper forms of energy. Whether you accept it or not, that’s the reality of coal in 2015.
No one wants to build coal power plants
Whether it’s regulations, smog, or cost, there’s no country that wants to build more coal power plants than it absolutely has to. That puts coal producers in a tough position, dealing with falling demand and competitors that are fighting over scraps of the coal market.
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Go there and dance on coal’s grave. More next week.
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