Wednesday, 10 June 2015

ACI, ANR, WLT - almost reaching the depths of hell

The huge collapse wave - from spring 2011, in the coal mining stocks continues. Arch coal (ACI), Alpha Natural Resources (ANR), and Walter Energy (WLT) settled lower by -6.0%, -2.9%, and -1.9% respectively. None of the aforementioned stocks will likely survive in their current form beyond another year or so.

ACI, daily

ANR, daily

WLT, daily


Normally I would focus on what I believe will be the last two surviving US coal miners - CNX and BTU. Today though, I wanted to highlight the terrible trio of Arch Coal, Alpha Natural Resources, and Walter Energy.

All look set to 'disappear' from primary market listings within the 6-18 mths.

I would imagine the vultures are already circling above, ready to buy up the rights to the coal deposits.

Without question, the US Govt' 'war on coal' is continuing to see significant results.