This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

9 Coal Stocks With Upside

NEW YORK ( TheStreet) -- At a recent Coaltrans Asia conference in Bali, large coal players revealed that with Japan's economy showing signs of recovery, coal prices may rebound in the second half of the year as producers are geared to scale up operations to cope with the surging demand.

Meanwhile, Indonesian and Australian coal producers are ramping up operations to meet Asia's burgeoning coal demand for power, especially with several thermal power plants coming online in India. An industry expert said at the conference that Japan's thermal coal demand for 2011 has narrowed by only 10 million tons to 110 million tons, based on demand recovery from power plants that were not damaged.

Growing coal demand from China and India, powered by rising electricity demand, is fuelling the Asian coal rush. China is facing its worst power deficit in years and its dependence represents a major portion of the coal demand, while India's electricity demand is seen rising 56% by 2017.

Industry analysts foresee growing overseas demand for the two types of coal produced in Appalachia boosting U.S. mine operators' profits in the upcoming quarters, despite U.S. electric companies seeking to use more natural gas. India and Europe are forecast to import more of the dirtier-burning coal used by electric plants. In addition, rising prices of metallurgical coal used in the manufacture of steel will boost companies' profits as it is also used by developing nations to expand their infrastructure.

1 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
PVR $0.00 0.00%
JRCC $0.00 0.00%
ARLP $29.74 1.05%
CNX $28.50 -3.52%
CLD $5.89 -2.81%

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs