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6 pts

Opinion on  Patriot Coal Corp. (PCX)     Sector: Energy  >  Industry: Coal
PCX, BUCY, BTU and Other Coal Miners are very Attractive Now

Jul 20, 2008 03:46 PM GMT
Blokm2-seekingalpha2
Return Risk
-11.96% HIGH
Associate

Currently, 50% of the electricity generated in North America comes from burning coal. While China currently generates 80% of its electricity from coal. There is enough coal left on the planet to last another 230 years. Since 2000, the price of coal has risen from $30 per tonne to around $120 per tonne. The Chinese are paying twice as much for coal now than they did a year ago.

Read more at http://conquerthewallstreet.blogspot.com/2008/07/peabody-ener...


PCX:  This call was made on 07/20/08 @ $108.88
Rating:   Positive   $108.88 (07/20/08)
Closed:   07/24/2008 @ $119.13 (+9.41% in 4 days)
Target:   $160.00 (+46.95%) in Six months


Comments (4)

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PCU is going to run up fast. have a fast gun...

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