I bought and dumped CNX then bought, again. NSP, too. Shouldn't coal benefit in fighting our so-called addiction to oil or am I dreaming?
Sorry I haven't done much research on coal, but from i get from nres reports, it seems like some states want to look more into clean coal energies.
Sorry I am not much help in this area.
"Please pack your knives and go."
The market answered my question today. Took a beating, but Jubak swears it's headed up. This will be a long term investment.
Take a look at sectors and look for the correlation over history. Oil vs. Coal.........vs. oil svc.....vs. nat gas....etc., etc., etc. Common sense applies "outside" the markets.
Energy sector down today. Hold.
"Face your deficiencies and acknowledge them. But do not let them master you." Helen Keller
"The man who can drive himself further once the effort gets painful is the man who will win." Roger Bannister
My online trading Journal:
Wait 'til the summer. Once we all crank up our A/C coal will get noticed. BRIC will also contribute to this. They've got an emerging middle-class in these nations and not only does that mean they want cars, of course higher oil, but also all the creature comfors we have here in The West like air conditioners.
Oil, gas, and all natural resource stocks are WAY overowned. As mutual funds face redemptions they have to liquidate shares to pay out the cash to investors. The greatest overweight is in oil and resources, so they are being dumped to raise cash. It has nothing to do with the fundamentals.
The news that America is "adicted" to oil is only news to the President. The rest of us were aware of it a long time ago. Give the sector a little time to settle down, and your investments in oil and coal should be fine. The addiction is not going away anytime soon...especially as the Chinese industrialize.
Hey, my CNX came through.
Sure did. My coal watchlist has been on fire this past week.Originally Posted by Rick