m*****u
发帖数: 5534 | 1 http://seekingalpha.com/article/1826892-alpha-natural-resources
这文章的结论是：
Conclusion
Domestically, though the attraction of natgas as a substitute for coal
appears very threatening to the industry, capacity for the burning of natgas
by the power industry is quite limited in the US.
Internationally, the case for commodities rising in price due to insatiable
demand from emerging markets applies to the coal industry as well. As the
media and public sector opine about the need for cleaner energy, the demand
for coal continues to rise out of necessity, especially in the two largest
emerging nations, China and India.
ANR's management has responded to the abrupt challenges its company faces
quite well. As the company's cost-cutting and mine closings adjust to the
new economic environment which now includes increased supply from 'fracked'
natgas, firming coal prices and deleveraging of the company's balance sheet
will generate profits through time.
With all the bad news already priced in ANR, and a share price under $10, a
stake in ANR's shares has potentially much more to the upside in the
immediate future as well as in 2014. | J***J
发帖数: 6000 | |
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