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Top Coal Mining Stock for 2013
If you are into Coal Mining Stocks, then you must be enthusiastic about their improvements for the upcoming year and of what is left for this year of 2012. If you have not heard, just recently, Analyst Michael S. Dudas at Sterne Agee forecasted that there would be a success for the Coal Mining Stocks. It was stated that if there was an increase in demand and competitive prices, then this would secure the improvement for the Coal Mining Stocks. Surprisingly, the stocks magnetically rose on Friday after the predictions of Michael S. Dudas.
The coal mining shares that were predicted for success were:
Surely, the industry of The Coal Mining Stocks has had their roller-coaster path of ups and downs but we need to really create a sense of analytical thought. We need to determine whether the Coal Mining Stocks were successful in their increase due to the optimistic support of Analyst Michael S. Dudas or because it was all a coincidence. The first source of information observed is that Coal is developing into a highly competitive resource since the prices of natural gas have escalated closer to $4 per 1,000 cubic feet. It was below $2 prior to this season. This tremendous change from instability to success is remarkable and astounding since previously the coal industry had undergone a dramatic boom in growing supplies and production. The information behind this was that the price of natural gas reached a low for ten years of $1.91 per 1,000 cubic feet in April. Natural Gas was the new form that was arrived at for fuel by various companies such as the utilities companies in that time.
According to Dudas, “Many coal companies in the U.S. and around the world have cut back production and shut down mines to reduce costs. Several have taken steps to enhance their financial flexibility.” However, business has been brought back to the coal industry by higher natural gas prices. This information provided by Dudas and historical archives reinstate the prediction for the Coal Mining Stocks.
In case you are not aware of whom Michael Dudas is, he takes on the position of managing director in the equity research department of Jefferies & Co. The energy, coal, metals and engineering and construction sectors are covered by Dudas. His prediction of Coal Mining Stocks’ Success shall impact the media and investors for a while. So let us keep following the Coal Mining Stocks and Michael S. Dudas’ predictions.
By: Charlyn Rodriguez