Peabody Energu (Coal Burns Brightly)

Discussion in 'Stocks' started by ByLoSellHi, Apr 16, 2007.

  1. Bullish commentary from Mobius today on record coal demand for electricity production.

    China is actually importing coal, despite being a large scale producer. Apparently, they can't mine it in sufficient quantities to meet domestic demand.

    I entered a long position in both ANR and BTU today.

    Let's see if a 40% price increase in coal that Mobius predicts begins taking hold or not.