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Friday, December 19, 2014

Coal Stocks Bottoming in 2015

BTU is one of the largest in North America. Just like before the Nat Gas bottom when it broke $2 CU. BTU is bottom price is 4 to 4.50. Breaching that may means it will not be able to pay its debt. however, from a technical standpoint and fundamental standpoint. We still need lots of Coal to produce power. Global Warming or not, we still have to live with power from coal. With the Republican back in Senate and the House. Will they once again help the Clean Coal Initiative?

Look at this multi-chart. I believe BTU near 5 would be a significant value long term bet. One that may make a double or even a triple at a depressed price.
$4.50 to $5.00 is the key. I will start accumulate once it breaks 5

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