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Coal not so cool today: Arch Coal, Peabody fall hard (ACI, BTU)
Ben Stevens (September 2nd, 2008) Writes:
Coal is not King today, that crown goes to oil. Peabody (NYSE:BTU) is down 12% and Arch Coal (NYSE:ACI) down 14%. If these guys continue to drop, we may have to Buy on weakness.
From the AP:
DENVER -
Shares of Arch Coal fell sharply Tuesday as oil prices plunged in wake of Hurricane Gustav's push through Louisiana which apparently spared most ...
Tags for this Post:
Aci, Arch, Arch Coal, BTU, China, David M. Khani, Denver, Gordon Howald, Hurricane Gustav, India, Louisiana, Market Commentary, New Orleans, offshore oil rigs, Oil, Oil Prices, Peabody, RBC Capital Markets, USD
Aci, Arch, Arch Coal, BTU, China, David M. Khani, Denver, Gordon Howald, Hurricane Gustav, India, Louisiana, Market Commentary, New Orleans, offshore oil rigs, Oil, Oil Prices, Peabody, RBC Capital Markets, USD
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