StockCall Chose Alpha Natural Resources and James River Coal for Review: Metallurgical Coal to Bounce Back in 2013
LONDON, January 24, 2013 /PRNewswire/ --
Weak demand and supply gluts weighed heavily on coal prices for much of last year but the industry appears capable of turning things around in 2013. StockCall issued technical analysis on Alpha Natural Resources Inc. (NYSE: ANR) and James River Coal Company (NASDAQ: JRCC). Sign up now to download these free reports at http://www.stockcall.com/register
Producers of metallurgical coal like Alpha Natural Resources and James River Coal Co. may have an edge over companies only focused on the energy market. Natural gas's low prices and lesser environmental impact continue to drive down the need for coal. The current administration's and Environmental Protection Agency's strong stance against coal is further compounding demand issues. However, a rebounding industrial sector and improving international demand bode well for the metallurgical coal side of the market. Register today to read our full technical report on James River Coal at http://www.StockCall.com/JRCC012413.pdf
Projected spikes in metallurgical coal demand in China and India will be a major driver for growth this year. Better demand out of Asia will be especially important for coal companies like Alpha Natural Resources which saw almost 50% of its revenues come from outside the U.S. last year. StockCall analysts review on Alpha Natural Resources just a click away at http://www.StockCall.com/ANR012413.pdf
Companies like James River Coal that favor thermal over metallurgical coal will likely face more challenges this year. A decreasing supply glut for thermal coal could portend better coal prices this year though.
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