Tuesday, 26 May 2015

ANR, BTU - digging toward hell

With the broader market closing significantly lower, and energy prices pressured by a strong dollar, the coal miner stocks were under extreme pressure. Alpha Natural Resources (ANR) and Peabody Energy (BTU) settled lower by -8.9% and -6.1% respectively. Short, mid, long term outlook is.. dire.

ANR, daily

BTU, daily


Not much to add from the many posts across the last few years.

Coal miners remain under severe pressure as the US Governments 'war on coal' continues.

The terrible trio of Arch coal (ACI), ANR, and Walter Energy (WLT) all look set to disappear in the coming year or two.

*I am 'moderately hopeful' that BTU will manage to survive across the longer term.. but even though the stock is utterly destroyed... I have ZERO interest in considering even a speculative position at this price.. or time.

I would consider a spec' position in the late summer... by then, BTU could easily be in the low $2s.