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

Summary

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